Managing the legal affairs of your business in New York is no small task, and no matter the extent of your knowledge, the job requires expertise and experience. Instead of assuming that your internal team can handle things, consider contacting a commercial litigation attorney. For your help, we have answered the top FAQs related to choosing and working with a law firm.
When do you need a lawyer for commercial litigation?
There are many reasons to engage an attorney. Common legal matters often involve contracts, labor law, employee-related disputes, intellectual property, shareholders, partners, debt collection, and compliance. You may also need an attorney to deal with lawsuits involving fraud, cybersecurity, and product liability. In other words, when your business profits and goals are at stake, you need help.
How much do business lawyers charge?
Depending on the needs and merit of a case, commercial litigation lawyers may ask for a typical hourly rate or a contingency fee. When there is scope to recover a financial settlement or money from the other party, many firms in New York work on contingency, where the lawyers get a share of the recovery rather than an hourly rate. In other cases, you will have to pay a retainer fee, too.
How do you hire a commercial litigation expert in New York?
References are quite handy for shortlisting local lawyers in the state, but if that’s not an option, many legal sites have ready listings. You should choose someone who deals with commercial litigation matters regularly in their practice and has enough exposure in your industry. You can also check online reviews and ratings to learn more details. Always meet with an attorney to decide if they are the right fit for your case. Whether they answer your questions and adhere to professional ethics is worth considering.
What should I ask a litigation lawyer?
When you go for a consultation meeting with an attorney, make sure to ask the following:
- How long have you been practicing business law in New York?
- Who are your associates? What are their areas of specialization?
- Will you explain all my legal options and your preferred strategies?
- Are you personally available at the moment?
- How can I contact your office?
It is best to choose a local commercial litigation attorney who is accessible. If the firm has worked in your sector, that is an advantage, as the lawyers would already know compliance and other procedural formalities. Make your shortlist now!