Guide to Finding the Best Law Firm for Your Business

A law firm is a simple business entity formed by one or more lawyers, who look after the interest of their clients together. Lawyers in these firms can also allow other lawyers to work with them, who are called associates. In a law firm, all the partners not only share the profits and loss incurred, but also the risks associated with running the firm. It functions similar any other company, however in most companies lawyers cannot raise money through IPO’s, which is why conflicts of interest is often not there in this type of business.

How to choose a law form for your business?

For any business, finding the right law firm to handle all their legal issues and get better legal advice is very important. The following guide will help businesses to choose the best law firm for their legal issues.

a. Factors to look for in a law firm:

The first and foremost factor that should be taken in to consideration is to find a firm that has experience in working with businesses similar to the client’s business and understand the nature of the business. Also, they should be able to offer legal advice and explanations in simple, plain language, and not in legal terms. For start-up businesses, small firms are the best option because they charge less and value them more as a client. All solicitors working in the firm should have a practicing certificate issued by the law society, which the professional body for law solicitors. A qualified firm means, it is verified by the law society and so can offer better legal advice.

b. Searching law firms for your business:

The first place to look for a law firm is the law society. The law society can put individuals in touch with solicitors in the particular specialization or particular area, and also arrange for a free consultation. Other people to ask for recommendations include friends, people from similar businesses, accountants, bank managers, and local chamber of commerce.

c. Arranging a meeting with solicitors:

It is always advisable to see a number of solicitors and have a face to face meeting before selecting one. Questioning the solicitor, what they know about your business and its sector, will help enable you to make a decision on whether to choose them or not. Most solicitors charge fee on a per hour basis, so check out how much your solicitors charge. You should try and make them agree a fixed spending fee, so that you don’t spend above your budget limits. To this end, it is advisable to get quotes from solicitors before proceeding. Above all, see what other services the solicitors can offer you for the better growth of your business, and take advantage of the situation.

Conclusion:

The legal market is very big which makes choosing the right law firm for your business a difficult task. A detailed research and a clear idea of what you are looking for in a firm will help you make the right decision and growth of your business.

Law Firm Ratings and Related Information

Before engaging the services of a law firm, it is necessary to know its background and performance record. To do this, you have to find out the ratings of the firm about its legal ability and standards.

Law firms are rated based on their ability and general ethical standards. There are rating boards across the country which conduct and evaluate law firms based on confidential opinions of members of the bar and the Judiciary. The ratings are given on a five-year interval, usually after a lawyer has been admitted to the bar.

The two components of the ratings system are:

o Legal Ability – This component is graded in three ways: C (good to high), B (high to very high) and C (very high to preeminent)

o The General Ethical Standard Ratings denotes ‘adherence to professional standards of conduct and ethics, reliability, diligence and other criteria related to the discharge of legal responsibilities’. The general recommendation rating of a law firm must be a “V” which it must first receive in order to gain the legal ability rating.

Ratings Classification

The ratings are typically described as follows:

o CV Rating – An excellent first rating, a statement of the firm’s above average ability and high ethical standard

o BV Rating – Means an exemplary reputation and well-established practice, also indicates that law firm is in mid-career, with a significant client base and high professional standard

o AV Rating – The firm has reached the height of professional excellence, indicates long years of law practice with the highest level of skill and integrity

The Importance of the Rating System

The rating system on lawyers and their firms are conducted to help you determine which lawyer or legal entity is worth hiring. The rating will also show you the level of competence and experience of a law firm as seen on the classification grade. Nevertheless being un-rated does not mean a law firm has no credibility. Many competent and reputable law firms in the country remain unrated or choose not to participate in the ratings. In researching about a firm’s credentials, peers, colleagues and former clients are still the best sources of real information.

Important Characteristics of a Reputable Legal Firms

For a law firm to be respectable, the following characteristics must be observed:

o Professional – Lawyers of a firm must show a high level of professionalism by treating each client with their full attention and support

o Experience – Lawyers must meet stringent practice area qualifications and must be dedicated to the practice of one area of law

o Good Standing – Lawyers must be of good record in the bar associations where they belong and must have no record of disciplinary action against them.

o Respected – The lawyer and the firm he represents must be respected by the community and his peers

Finding a reputable law firm is very much like looking for the right lawyer. Look for the firm that will suit your needs. However, when it comes to choosing the right firm, you should look at afirm’s experience and reputation. These are the two important factors to be considered when selecting a firm that will handle your legal needs.

More information about law firm ratings and information by consulting with California law firm

How to Hire Law Firms With Ease

Legal matters are something that strike the fear of God in most people’s hearts, because of the complications involved, not to mention the astronomical legal fees one can incur. Legal matters, however, can happen anytime, anywhere and while people know that they must be prepared for anything, it doesn’t erase the fact that it can be quite a daunting prospect and as such, something to be avoided as much as possible.

However, fears of anything new and unfamiliar can be conquered with a proper understanding and learning of the matter. Once you understand the ins and outs of hiring law firms you’ll find that there was actually nothing to be apprehensive about. You need to hire lawyers who are well-versed in the language of litigation.

First of all, determine all the possible reasons why you need to hire a law firm. Of course in addition to wanting your tough legal problem solved, you may also want to hire a law firm because you want to augment the legal team you already have in place to increase your chances of winning your case and at the same time let your adversary know that you are determined to win it. Hiring the best law firm also increases your confidence about winning the case because you have a lot of legal experts behind you. And more importantly, you want to be able to win your case without causing too much of a dent in your bank account.

The next thing you need to do is research. Start with legal directories that will help you shortlist the best lawyers within your area complete with phone numbers and background information. You can also try researching online for law firm rankings, that rank the best law firms according to practice, diversity and region. Of course this will all depend on what type of case you have and the details involved.

A law firm’s expertise is based mostly on the fact that they hire the best graduates from top law schools. Since a lawyer’s core worth is based on his intelligence, knowledge and experience, you will increase your chances of winning your case since they will be updated on all the latest nuances of the law and be able to keep up their end of the defense with facts and figures relevant to your case.

While price is a major consideration, remember that the costs you incur will depend on the size of the law firm you need and want to hire. Solo practitioners usually entail lower costs and fees, small firms usually entail lower costs and more personal interaction, mid-size firms usually have more legal resources and therefore the ability to address your legal issues more effectively and large firms are what you need for larger and more complex legal concerns. When you go online, the best legal websites will have all the necessary information posted.

You will also need to check if the websites have posted their accreditation and certification and have very thorough information about their lawyers’ specialties. There are law firms that allow you to download reports and white papers on very popular legal topics, ones that their previous clients have been through so you can get more insights on your particular case and how it could turn out. The more information you have, the more empowered you feel so go for sites that also offer tips and advice on going through difficult legal matters and how to deal after the smoke clears.

And lastly, go for law firms that are able to explain things in a language you’ll understand. Forget about law firms that go technical, it is important to find one that provides personalized service and are very responsive – one who will actually return your calls because they understand time constraints and value your time as much as they value theirs. While most law firms put on an impersonal fa├žade that they mistake as professionalism, a true indication of a competent and able law firm is one that shows the human side of the legal profession. Clear cut and straightforward about the law but at the same time, showing a sympathetic side.

It is easy to feel daunted or intimidated when you enter a legal situation where you need to hire law firms to get you out of it. As long as you know what you need and want and what to expect, hiring lawyers to champion your cause won’t feel so challenging.