Updated: Mar 23
Paying for a lawyer or legal services is something that many startups try to avoid, but it is inevitable. Ensuring that the company’s corporate structure is right for the business, drafting website policies and standard contracts that the business will use every day, and handling legal disputes are just some of the important work that should be left to lawyers. Although budget is always an issue for startups, some should be allocated to hiring external legal counsel, and eventually, in-house counsel.
Based on my own experience as in-house counsel at several startups, here are some qualities a business should focus on when looking for external (or even in-house) counsel:
1. Cost effec