Founders may be tempted to use outside counsel to assist with legal matters, but it’s often not clear when to reach out for help. For example, a startup lawyer may not have the experience or expertise needed to help with a specific issue. Furthermore, the prospect of paying high legal fees may make startup founders put off seeking legal advice. However, there are many advantages to hiring a startup lawyer, which we will discuss below.
A startup needs to cultivate working relationships. It’s important to make good relationships with peers and industry peers. This includes drafting legal agreements. Additionally, startups need to sign contracts with external companies and license software. Hiring a lawyer familiar with the nuances of such agreements is an asset. In addition, hiring a startup lawyer will allow you to avoid legal mistakes and pitfalls. They will also help you understand and comply with contracts, as they’re typically complex and contain legalese.
In addition to the online lawyer directories, founders should visit startup incubators and industry conferences to find a qualified startup lawyer. These events often feature top startup lawyers. Be careful when contacting them though, as they may be overwhelmed with clients. It’s best to schedule an appointment with them beforehand. Founders can also seek referrals from their fellow business owners. These connections often yield benefits such as free consultations and a percentage off the normal rate.
