• September 2018
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Should I hire a lawyer from a well-known law firm for my startup?

There are benefits of having a small firm lawyer for your startup as opposed to bigger firm attorneys. Foremost, the attorney’s fees will typically be dramatically lower and the smaller firm market has a more competitive pricing scheme, thus bringing the cost down for the client. Also, smaller firm attorneys will be able to devote more time and effort to your legal matters because their caseload is significantly lower. However, there are a great deal of smaller firms and attorneys and it can be difficult for clients to find someone who fits their specific legal needs within their budget.

This is why we have started LawTrades. We try and make the legal experience as painless as possible for businesses by asking them just a few questions. From there, we’ll figure out the best attorney to handle your project, given your budget and needs. For startup companies who are constantly pressed for time, our web platform allows you to connect with potential lawyers 24/7, so you can browse at your convenience.

For your specific needs, it seems like you have a good understanding of what/who you are looking for. With your obvious knowledge and experience dealing with your previous attorney, our site will be extremely useful to you. Aside from the considerations you posted in your question, here are a few other factors to be mindful of:

1. Experience: You are going to want to find a lawyer who is well versed in the fields you need assistance with. You should look for lawyers who are business minded and have an in-depth understanding of transactional law, securities, intellectual property and business development. The attorneys on our site have an average of 10+ years experience, so finding a seasoned attorney in any particular field is not a difficult task.

2. Professional Chemistry: It is one of the most important aspects of finding the best lawyer for your needs. Particularly in the startup context, clients will have to work closely with their lawyers on a regular basis and will rely on these lawyers to ensure the well-being of their company in the early stages. You must not only feel comfortable with your lawyer, but also like working with your lawyer and have compatible personalities.

3. Attorney’s Fees: As noted before, you have a great understanding of the price you are looking to pay. With this in mind, you can use our site to quickly tailor your search to attorneys that fall within your price range. Many of our attorneys are solo practitioners or members of small firms, so it will be very easy for you to find someone around your desired fee.

4. Reputation: You want a lawyer that has done well in the past for clients in your similar situation. As a client, you want to have some security before agreeing to hire a lawyer. Transparency is the key to feeling confident that your lawyer is well-equipped and competent to handle your legal matters. You can browse through each lawyer’s verified client reviews to see the previous work this attorney has done, whether their clients were satisfied with their services, and their legal successes and shortcomings in the past.

Overall, you should be able to find a lawyer very quickly. Having a big-time firm behind you may be beneficial for some aspects, but a startup usually is trying to save as much money as possible. A smaller firm may be just as qualified as more profound lawyers, and will cost much less. Good luck finding a lawyer and with your startup! Hope we could help!

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