Useful information when hiring Legal services

Legal services are necessary to protect your company and to comply with the state’s rules. Types of services: lawyers can help you for every legal part of your company (drafting agreements & policies, corporate governance, cross border transactions, debt recovery, director’s duties, dispute resolution, financing & fund raising, incorporation, intellectual property, mergers & acquisitions, statutory compliance, tenancy issues…).

Services and Specialisations

  • Contract Law
  • Real Estate Disputes
  • Civil Litigation

Main price factors

  1. The legal fee is influenced by the level of the lawyer (from junior associate to senior counsel), the reputation and size of the firm he/she is from.

Pricing

Lawyers charge on an hourly basis, therefore the final price depends on the workload. In mid-size and big law firms, the hourly fee range from $300 to $700. Small law firms can have cheaper fees

Tips, tricks and challenges

  1. It is important that you consult lawyers who know your sector. Referrals from someone who had the same kind of legal issue as you is a great way to find the right lawyer.
  2. Usually, small legal firms are a better fit for SME as they are more flexible on fee payment open to negotiation and arrangements and cost-effective.
  3. How to find a good corporate lawyer? He/she must have experience, be specialized in the kind of issues you have.

Advice from buyer:

If you’re looking for trademarks or patents, go to a law firm that’s very common for them to do this kind of legal work, rather than a lawyer that does anything. Usually they don’t do a good job in processing your legal documents. Also, if you’re from a specific industry, go for a lawyer who has dealt in that industry before. Run patent and trademark searches before hand so you don’t waste money filing something to get sued by other people. For legal documents, you don’t need a very specialized lawyer. Just a freelance one will be okay. Usually range $100-300, shouldn’t spend so much on those kind of documents. (David Pong, Wateroam CEO)