For the thousands of small and medium-sized enterprises (SMEs) around the country with tight cashflow and a desire to run their businesses lean, the idea of specialist, pay-as-you-go legal support is an appealing one.
While there is often the temptation to go “DIY legal” for contracts, company agreements and disputes, getting legal assistance at the right time and the right price can save on in-house time and resources, and safeguard the future of an enterprise. Template contracts and informal negotiations may seem more straightforward and cost-effective in the short-term but they can also fail to protect a business in the longer term. As businesses evolve over time, their requirements change and the agreements they make can become dated and unfit for purpose.
How legal experts can help your business
When it comes to legal issues, prevention is always better than cure. Legal experts can help a business identify future legal problems and take the appropriate steps to protect a business from any danger on the horizon. Should a business fall foul of a legal dispute, the cost of legal representation could be many times that of drafting a legal contract or document in the first instance.
Many of the legal service providers featured on The Law Superstore offer straightforward business legal services on a fixed fee basis. This enables companies to get a clearer picture of the costs they are likely to incur for any given service.
By answering a series of short questions and comparing legal service providers from the comparison table, an SME can be confident that they are getting value for money and quality every time they purchase a service.
Learn from initial consultations
As any entrepreneur or business owner will tell you, running a growing business is a constant learning process. From finance to staff management, HR to sales and marketing, there is always something to learn.
Understanding the legal aspects of a business is no different and even for those who aren’t sure how a legal expert can help them, it is often worth taking advantage of an initial consultation to better understand the pros and cons of particular services.
Consultations with legal experts can be particularly important in relation to matters of compliance, intellectual property and employment law (where it is essential to stay up to date on the latest regulation and legislation changes).
When searching for and comparing legal service providers through The Law Superstore, you will find that many firms offer an initial consultation. This meeting allows you to meet your legal service provider and decide whether you wish to proceed with the full scope of work.
Why is flexible business legal support good?
Flexible business legal support offers several advantages, particularly for small and medium-sized enterprises (SMEs) operating in today's dynamic business environment:
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Cost-Effectiveness: Flexible legal services often operate on a pay-as-you-go or fixed-fee basis. This approach allows businesses to manage legal costs more predictably, avoiding the high expenses typically associated with traditional legal services.
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Tailored Solutions: Flexible legal support is designed to meet the specific needs of a business. This means that the legal advice and services are more relevant and directly applicable to the unique challenges and situations a business faces.
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Scalability: As a business grows and evolves, its legal needs will change. Flexible legal support can scale up or down according to the business's requirements, ensuring that legal services are always aligned with current needs.
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Preventative Approach: Legal experts in flexible support systems can help businesses identify potential legal issues before they become problematic. This proactive approach can save significant time and resources in the long run.
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Access to Expertise: Even for businesses that may not have the resources for a full-time legal department, flexible legal support provides access to expert advice and services when needed, ensuring that businesses are not at a disadvantage due to a lack of in-house legal expertise.
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Focus on Core Business Activities: By outsourcing legal matters to flexible support services, business owners and managers can focus more on core business activities, confident that their legal affairs are being handled by professionals.
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Adaptability to Market Changes: In the fast-paced business world, especially within the gig economy, the ability to quickly adapt to legal and regulatory changes is crucial. Flexible legal support ensures that businesses remain compliant and up-to-date with the latest laws and regulations.
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Risk Management: Effective legal support helps in managing and mitigating risks associated with contracts, employment, compliance, and other legal areas, protecting the business from potential legal pitfalls.
In summary, flexible business legal support provides a cost-effective, adaptable, and expert solution for managing legal matters, allowing businesses to focus on growth and core operations while minimizing legal risks.