When you are setting up your business, you will contact a number of different people to help you with different aspects. For example, you might enlist the help of an accountant to set up your taxes and your payroll and you might need a solicitor to help register the business and write up the initial contracts. When your business with the solicitors is over, you may want to consider keeping them on retainer. Here are some of the reasons why.
If the nature of your business requires you to need the services of a lawyer often (for example if you have many contracts to issue and verify), it may be worth it to have a solicitor on retainer. Doing so allows you to approach them quickly and easily with any work which you might have for them. If you work to build a relationship with your solicitor, they will know what you expect whenever they send work through for you. This is more efficient than having to build a rapport with a new solicitor for each case or having to deal with multiple invoices if you engage with a solicitor over and over.
Solicitors for Different Branches
If your business has different branches in different cities then it would be sensible for you to find lawyers local to that city for them to use. For example, you should find solicitors in Bristol for your Bristol office and ones in Manchester for your Manchester office.
Always pick local Solicitors because they have a knowledge of the local area and contacts which someone from out of town simply won’t have. You may be able to find a law firm with branches in the same cities as your offices and they would be the perfect choice to minimise your retainer fee as much as possible.
Peace of Mind
Finally, if you have a solicitor on retainer, then you know that you have access to high-quality legal advice at all times. You also have peace of mind that legal representation is on-hand whenever you need it. Business owners often find themselves subject to rapidly changing laws and regulations, so what might be law one day could be outdated and replaced the next.
As a business owner, it can be very difficult to keep up with changes such as these on top of all your other commitments. To ensure that you are law-abiding no matter how the law changes, you should consider getting a solicitor on retainer. They will be able to advise you of any changes you need to make.
Having legal counsel you trust close at hand is incredibly important for business owners. Work out what you need your lawyers to do for your business and then find a firm who is the right fit for you. You never know when you are going to need legal aid, and having it close by is much more useful than having to source it every time you have an issue. Look into taking a solicitor on retainer for your company today.