When you are at a point where you will street a new journey in your life, do not underestimate the importance of a good relationship with a law firm. While you are about to venture into an unknown land or startup, where anything could go wrong, having a law firm by your side can act as your guiding pole.
A law firm is an entity that can help you solve business problems and give you valuable advice at every decision making corner. Law firms not only help you establish your company but also help you when you are finally done with your business and want to end it completely.
Hence, it becomes very important that you hire a law firm that starts with you at every diversion of your business. If you are finding it hard to find relevant and competent law firms for your businesses, here are the best law firm in Dubai.
How To Select The Best Law Firm For Your Start-Up?
Before you start picking a law firm to help you with your business processes, ensure that you are picking the right law firm for your business. Here we have enlisted some of the major points that you can look into while picking the right law firm for your business.
An experienced law firm would have taken dozens of new startups to build their brand in the market. And having experience under the belt, Law firms will be able to highlight the problem you might face in the future. This will help you avoid making these mistakes.
2. Industry Expertise
Yes, experience matters, but that does not mean irrelevant experience. While looking for a law firm, ensures that they have relevant experience in your industry and environment. However, if your industry is new for the law firm, ensure that the law firm is willing to dive deep to understand the industry’s working.
In the legal industry, no one lawyer or law firm will have a solution for every problem. That means there will be a time when your law firm will need help from another law firm.
Your startup attorney needs to have enough connection to get help whenever needed. The law firm should also have a network of non-legal talent, for instance, accountants and engineers.
The bandwidth of the Law firm is very important. There can be scenarios that one lawyer is not available for the court meets. In cases like this, the law firm needs to have other members ready to attend the court meetings.
You need to make sure that your law firm is receiving your every call, message, email and ensure that you can get at the matters on-demand anytime. Your preliminary interview or conversation should highlight this problem.
The law firm you are working with needs to have recognition in the community. Their recognition and reputation show that they have been active in the industry, and their cases have brought great results for their clients.
No matter which stages your company is in, you need to look for a lawyer that can help your business at any stage of your business.
● At The Startup Stage: You need to hire a law firm to help you get through the initial stage of your startup. Most startup businesses face problems in the early stage of their life cycle. Hence, your law firm should be experienced enough to handle everything smoothly.
● At The Financing Stage: Your Law firm should have access to the tools to help you find investors for your startup and guide you at every financial decision.
● At the Exit Stage: Your law firm needs to be proactive enough to come with an exit plan. Sometimes closing the business is a real mess. However, if you have the right law firm for the job, the same job can be attended clinically.