How Founders Should Handle Lawyers

When you’re completing important transactions or documents, you’ll often have lawyers involved. Here’s how to make those relationships as productive as possible for you:

1. Pricing in Advance

Legal fees can quickly spiral and hourly rates are the wrong incentive. Try to agree to a fixed cost on projects in advance to push both the timeline and constrain the budget.

2. Collect Regular Timelines

Don’t assume the final, agreed delivery date is on track. Ask about it regularly and set intermediate milestones to stay on schedule.

3. Squeaky Wheel

You should use a very good law firm but unless you’re going public, you are unlikely to be the no 1 priority for a great firm. But if you’re always politely pushing and doing your part, they will prioritize you.

Best of luck out there.

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Ash Rust

Ash Rust

Managing Partner, Sterling Road
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