It doesn’t matter what business you run. If it is a startup or a large-scale established business, having someone to look after all your legal matters is paramount. No matter how careful you are with your business processes and operations, having a legal advisor who streamlines your business while abiding by all the laws and regulations.
It is important to hire a commercial lawyer as they will hedge your bets against legal problems in the future and invest time and resources now in finding a small business attorney. A professional business attorney will play the role of a compatible partner of your business who will help you see through the most challenging times for your company.
Furthermore, they will be great legal resources for your business to give the legal pair of wings rightfully needed for your subtle growth. From drafting the legal agreements to raising money, handling employee relations, to dealing with lawsuits – a commercial lawyer for your business will certainly be your needed partner.
5 Ways to Find a Commercial Lawyer for Your Enterprise in 2022
Hiring a corporate lawyer doesn’t mean you have to run out on your budget, and it protects your company from the legal troubles it might face. With that said, here are the 5 proven ways to find a commercial lawyer for your enterprise in 2022.
1. Determine Why Need a Corporate Lawyer
Whether you are a startup business, a mid-sized company, or a large-scale enterprise with solid operational and functional setups, you will certainly need a corporate lawyer for your company. With this said, here are a few factors that make having a corporate lawyer necessary.
- Determining the business entity helps your company grow in the future. This is where a commercial lawyer will help you in understanding all the possibilities and impossibilities in the future.
- When you finally decide to sell equity of your business, this is where your legal advisor dedicatedly working for your company will help your business in drafting and dealing with all the legal proceedings.
- From drafting legal agreements and contracts, business lawyers will be the perfect resources for your company. They will ensure that your partnership agreements and corporate laws are fulfilled appropriately.
- In terms of providing your business by dealing with all the employment legal matters, your commercial lawyers will ensure that you don’t involve in any hassle and get all the things in a perfect manner. Moreover, compliance with labor law will be made at all times, and they will also inform you beforehand about the illegal terminations and the possible lawsuits you might get into.
2. Ask All Your Relevant Questions
Now that you have met or finalized a few of the business advocates, the next step comes where you have to ask all the questions regarding your business clearly. This is what helps you understand them in a great manner while you can run your business without the fear of getting any legal complications against you. With this being said, here are a few questions that you should ask the potential corporate lawyer regarding your business;
- What is your total experience with small businesses?
- How will you contribute to my legal issue after learning about my concerns?
- Have you previously worked with small businesses?
- Do you have any conflicts of interest with my business?
- How will you format a communication channel?
3. Get Referrals from Other Business Owners
Another thing you can do for great results asks for recommendations or referrals from other business owners. These could be the ones you know and the ones with formal acquaintance or recommendation. This is another thing to focus on when planning on hiring a legal advisor for your brand.
4. Understand the Expertise You Need
Another factor that you will need to focus on is the strong expertise you need from your commercial lawyer in Dubai. It is a high factor to consider as this will help you consult the best law firm with corporate lawyers with the experience you need in the areas you want. With this said, here are a few ideas of expertise that you might need from a commercial lawyer;
- The first is to understand the requirements of taxes and legal compliances in regard to that. Hiring a commercial taxation lawyer for this is what you need here.
- The next is to determine the need to hire an attorney for intellectual property that strongly focuses on your trademark, copyright protection, business patent, etc.
- Having strong expertise in commercial real estate is another factor to determine. For instance, you need a lawyer with expertise in purchasing commercial space for your business.
- Another strong area to focus on is litigation. If you want someone who has expertise in litigation, mediation, arbitration, etc., hiring a professional with expertise in these areas would be a great plus.
5. Getting Clear on the Fee Structure
The cost of a business lawyer varies from service to service and experience to experience in some cases. If you are hiring a professional corporate lawyer from a prestigious law firm, you might also have to increase your budget for it. As for the basic understanding, here are a few of the factors that will automatically affect your cost;
- Experience as a commercial attorney.
- Size of your firm.
- Expertise you require.
- The complexity of your business domain or industry.
- Regulations you want them to work on.
The Final Takeaway
Not only hiring a corporate lawyer will save your company from getting into the complications with legal matters, but it will also save you great time and money. This will allow you to save your efforts and focus on more driving factors for your rock-solid success. So, accessing the mentioned factors and hiring a commercial lawyer for your business will ensure your stability and high-class functioning.
What We Cover
- Corporate & Commercial
- Dispute Resolution
- Finance & Investment
- Insurance
- Arbitration
- Litigation
Mai Alfalasi
Advocates & Legal Consultancy
1203, Green Tower
Baniyas Street, Deira
Dubai, United Arab Emirates
Phone. +971 4 223 0666
Whatsapp. +971 50 208 9986
Email. info@maaflegal.ae
Office Hours
9.00am to 6.00pm (GST)
Monday to Friday