A GOOD LAWYER IS AN INVESTMENT

Posted by Dasha Kovalenko-Gormack on July 18 2023 in News

When people think about lawyers, it appears that for many, the first thing they think about is the cost. However, this presumption fails to consider the value a lawyer brings and the risks they help clients avoid.

Let me elaborate on the value…

Expertise

Lawyers have comprehensive knowledge of the law and can help explain complex legal concepts and jargon to clients. They understand the legal process and can ensure that legal procedures are followed properly. Lawyers can also provide guidance on the legal implications of decisions you make.

Protection

Lawyers review contracts and legal documents to ensure that your rights are protected, and you are not taken advantage of. 

Certainty

When you get a lawyer, you build a relationship with and trust, you can count on them to have your back and provide pragmatic solutions, especially if they know you and/or your business well.

Long-term investment and avoid problems

A lawyer can identify issues early on, and help you steer clear of legal consequences that could cost much more. Think of lawyer's fees as an investment to help protect personal assets, prevent extended legal battles, and identify legal errors. Trying to save money by dealing with legal matters without legal assistance can lead to costlier mistakes.

Wider Support
Lawyers have access to a network of legal resources as well as other professionals that can be invaluable to clients. This includes support staff, research databases, and other professionals such as accountants, planners, and other specialist lawyers. A good lawyer will be able to identify what other professional you should be getting advice from. If the law firm you engage is a full-service firm, your lawyer can refer you to a colleague that can assist in a different specialist area. They will be able to build a team around you to assist in solving your issues.

Decision-making support

Decisions can have significant consequences for individuals and businesses. Lawyers can be a good sounding board and provide advice on options available to you, potential outcomes, and the best course of action to take. Lawyers can weigh different options and provide you with recommendations based on your commercial realities and business.

Negotiations

Lawyers may be able to negotiate settlements to resolve disputes before they escalate. Your lawyer may have existing collegial relationships with the lawyer on the other side, which may assist in reaching a resolution faster.

The advantages of using a lawyer are clear. Ensure you find yourself a lawyer you can trust who gets to know you, your goals, and your business, to protect your legal rights.

Dasha Kovalenko-Gormack | Senior Associate | dasha.kovalenko@shieffangland.co.nz