COACHING LAW - LAW MADE SIMPLE
  • Home
  • Buy the Online Courses Now

How Can You Solve Your Business Law Problems Today?

* indicates required
​Unsubscribe at any time.
By using our online and in person legal coaching you no longer need to fear engaging with business lawyers and law firms and running up huge legal costs.  

Sign up now to find out about our events schedule and pricing.
Picture
Legal Coaching & Training
Picture
Legal Speaking Engagements
Picture
Legal Strategy for Companies
Legal Talk 3: Don't Lawyers Cost a Lot?
 
We are in the Hoxton in Holborn. It's full of start-up people, funders and lots of excitement.

You say that you're thinking of hiring a lawyer, and that you’re not sure that they're any good but that they were recommended by a friend. You googled them and there were a few comments which were okay, but you just need to do a bit of thinking.

One thing we can talk about now is cost. You are trying to make money, not spend money. If you are spending money then you obviously need to make sure that you get a great return. So, when you're talking to your lawyer one thing to really be clear on is cost. Don't be shy about asking. In my experience, the number one reason that there are complaints about lawyers is not that the service was poor but because the cost came as a big shock. So, ask about cost up front.
 
Also, asking what the hourly rate is, is not asking about cost. Nor is getting a reduction in the hourly rate. This is because even if the hourly rate is low, the lawyer can spend a long time doing things that make the whole matter more expensive.
 
So, if you are shopping around, you need to pin down what the costs are likely to be in total.
 
If the lawyer shies away from this question and says that it is impossible to say, then ask them if they have done this kind of thing before and, if so, how much did that come to. If you can get them to commit to a range of cost (low to high) then you can ask them where you would sit in that range. By playing this narrowing down game you can eventually get to a figure.
 
It sounds like a bit of a pain, but it’s worth the conversation. It could save you thousands. I understand that it might feel a bit embarrassing to talk about cost, as it can be so unseemly. Thing is though that actually you are just buying a service and you need to get the best value that you can. If you are the shy type then it might be a good idea to take someone along with you who is a bit pushier or who has bought legal advice before. Overall, don't be ashamed into accepting whatever is quoted. Negotiate.

At this point I'm going to have to dash. Let's meet again to chat more.

Best wishes,

​
Jimmy Desai
Legal Coach

P.S. Don't forget to subscribe and get even more exclusive content and legal insight. As always, this legal talk and all the legal talks are subject to our disclaimer, which you can find here.

© 2019. Coaching Law Limited. All rights reserved.
Our Policies
Terms and Conditions
​Privacy Statement
​
Disclaimer
​
Contact us
 Content is provided on this website for general information only. If you have any specific legal issues or problems then you should seek and obtain advice from your own legal adviser or solicitor  and not rely upon any information provided on this website. Please See our full disclaimer here @ Disclaimer before reading any information on this website.  Training provided  regarding English law only.  ​Website owned and operated by Coaching Law Limited (Company No: 11803433). ©2020 Coaching Law Limited. All Rights Reserved.  Coaching Law Limited is  a training organisation. It is not a law firm and the presenters are not holding themselves out to be solicitors. The information on this website is not providing or intended to provide any legal advice. If you require legal advice you should  consult with your solicitors or law firm.   
  • Home
  • Buy the Online Courses Now