Friday 30 August 2013

Important considerations when hiring a corporate lawyer in New York


If you are starting a new business, consider finding a corporate attorney to guide you through the process.  While it is certainly possible to handle the mechanics without legal assistance – given the number of online services available- there is no substitute for the advice you will receive from an experienced lawyer who can help you select the best route for forming your company.  

Business formation is only the first step.  Once you are up and running a capable attorney will help you navigatge regulations that apply to your company, protect yourself against liability, and put in place the mechanisms for operating a growing business.

Lawyers and law firms come in all shapes and sizes.  As a start-up business you are likely to be best served by a smaller firm – one that specializes in businesses your size. A large law firm generally represents large businesses and, as a smaller client, you may not get the sort of attention and relationship you are seeking and deserve. 

Smaller law firms also will help you control costs and, more often than not, you will be dealing with the same attorney you first meet, not a junior associate. Cost is also a major factor to consider when contracting a corporate law firm. This is also related to the size of the law firm that you seek. Large law firms generally charge higher hourly rates, and assign more than one attorney to your issues – thereby increasing your costs even more. 

Timing is another vital factor when hiring a corporate lawyer in New York. It is important that you invest time into selecting these professionals long before you actually need their services. This will allow for better screening, rather than making the rush when you are in a desperate situation. 

Choosing the right corporate lawyer in New York City is vital for long term security of your venture. Having a personal lawyer ready to devote a significant amount of their time attending to your business’ legal needs can help you avoid legal disasters well before they occur. With the right law firm, you can ensure that your business’ operations are airtight and excellent for avoiding unnecessary and at times malicious claims, against your business which might harm your financial and operational stability.



About The Publisher

Debra Cherney represents corporate clients and individuals in connection with all aspects of corporate, commercial and real estate transactions. While a significant portion of her practice has been devoted to representing companies in the financial services industry, including international and U.S.-based broker-dealer/investment banking organizations and an NYSE Group affiliate company, Ms. Cherney represents a diverse group of clients on a broad range of corporate and transactional matters.  These include technology-related and services agreements; contracts related to information dissemination; corporate governance; and the purchase, sale and provision of goods and services on behalf of both providers and customers of those goods and services.



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