Your Other True Business Partner

Summary


Many law firms say they are in the business of managing client relationships. Directors and business owners should not be afraid of taking the lead when managing relationships with professional advisers. So how should you instruct a lawyer to get long-term value out of your relationship?

Don't be afraid to ask questions. What fee arrangements are available to you? Gone are the days when you have to accept hourly rates. Most lawyers are more flexible nowadays and are prepared to negotiate over fixed fees, capped fees and, for contentious matters, conditional fee arrangements.

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Your Other True Business Partner

Are you confident that the law firm you are planning to instruct knows your sector? Can they add value by keep...

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