SME BUSINESS TIPS
USING a solicitor, whether for contentious or non-contentious work, can be daunting. For many the only contact with a solicitor is for when things go wrong. And all you get is a huge bill at the end.
However, controlling that spend and indeed ‘hedging’ the loss/win is possible and with some thought and attention the process can be less painful.
This week, Will Whawell from Auxilium Legal gives some of the points to consider...
1. Choose your legal adviser with care
Don’t always go with the guy from the golf club or the firm with the most impressive office.
Do some research into the areas of law you think you need advice on and if in doubt utilise a professional network – pro-manchester has some excellent firms – for a recommendation.
2. How much is it going to cost?
All solicitors must provide you with an accurate estimate of costs at the beginning of the case and at the very least every six months with an accurate update of how much your legal fees are to date, and with an estimate of the costs going forward to the end of the matter, especially if the case is one that requires litigation.
3. Using experts and counsel
Make sure that any expert your solicitor advises you use is up to the task and that you have agreed the fees for the same in advance.
Such experts, including counsel, can be expensive but they will agree the fees in advance and as you’re responsible for those make sure you know that they are being incurred before you get a bill for them.
●● Will Whawell