There are a ton of highly-qualified startup attorneys across the country. You can find the greatest number in New York City and the Bay-area, but there’s a good chance you can find someone more than adequate in all 50 states. That said, the choice in startup attorney should be a measured one. Here are some questions/answers to ask yourself:
How should I think about lawyers and firm selection?
– Over the past decade lawyers have become very specialized. Thus, rather than looking for a “startup attorney,” you can find a startup attorney who has a ton of expertise in say, fintech or e-commerce. Thus, find an attorney who has experience in your space.
– Remember, you hire a person, not a firm. You may retain the finest firm in the land but every firm has great lawyers, good lawyers and some that are neither. You only get the lawyer you hire.
Where to I start to look for a lawyer?
Most people either use the Internet or get a referral from a friend. The issue with referrals is you significantly limit your scope of relevant lawyers and the Internet just spits out too much info.
That’s why we made–to provide a quality network of lawyers that are available on-demand.
How can I best prepare before meeting the lawyer for the first time?
What should I look out for when meeting lawyers and why?
Trust your instincts. Input from friends and family are great but sometimes can be unreliable. Your own opinion matters a lot. While expertise and years of experience are important, if you don’t feel comfortable with person, or can’t envision yourself having confidential conversations with them, then you should probably pass on them.
What are the different payment models and how do I choose?
It’s important to understand your lawyer’s fee structure. Hourly rates continue to be the most common way to bill and are still the best measure for certain types of matters. But you should also explore alternatives such as fixed, capped, contingent, hybrid and premium-based fee arrangements.
What are red flags / top tips?
-A highly efficient $300/hour lawyer will end up costing less than a $150/hour inefficient lawyer.
-Stay away from general practitioners who lack that day-to-day experience that startup attorneys have.
Hope that helps! Feel free to visitwhere you’ll have a network of startup attorneys to choose from. We offer free initial consultations! Also, if I can personally help out in any way then don’t hesitate to reach out 🙂