When running a business you should know that there will be many cases when you need legal assistance. There very many ways that you can have a lawyer represent you as a company among the ways that you can construct an agreement is having a law firm on retainer. To have a company or to have a law firm on retainer means that you should pay the law firm regular fees so that they may assist you with any legal issue at any given time that you have it. So why then should you have a law firm on retainer.
Having a law firm on retainer means that they will provide you with legal service at any given time that you need them. It is always important to make sure that you have a legal firm that will assist you at any given time since the recruitment of a lawyer can take a lot of time and you may need urgent services.
If your company is a large company then you are bound to have many legal issues and it is cheaper to therefore have a legal firm on retainer as opposed to paying for legal services every single time that you were faced with a legal challenge. Legal firms provide different services at different costs and you may find that you need a service that is very expensive but if you have the company on retainer they will provide you this service without asking for additional fees.
As a company you may not have the time to protect you intellectual property or focus on the protection of your company as a whole. When you have legal firm on retainer they ensure that they protect the operations of your company for instance they ensure that they protect the intellectual property of your company.
When you’re looking for a lawyer to represent you, you have to recruitment them and train them on the operations of your business which is in most cases very hectic. Among the main advantages of having a law firm on retainer is the fact that you do not have to continuously hire new lawyers when you need legal help.