Having the right financial advice can mean the difference a successful case and one that isn’t. But knowing where to look for legal advice can be difficult, especially from a financial perspective. Here are some of the do’s and don’ts of getting legal help.
Don’t Put it Off Because Of The Price
Up front costs for legal advice can sometimes seem high. But it’s important to remember that legal advice is likely to lead to lower costs over the long term. Sure, $180 for a consultation might seem like a lot. But making a mistake with your case could end up costing you much more in the long run.
Do Ask Your Adviser For A Price Up Front
If you’re worried about costs, then you can always ask your financial adviser for a price up front. They will usually be able to tell you how many hours they think you’ll need. And often they’ll be able to find ways to lower the price. One common way to reduce the cost is to pass you over to a junior colleague. Junior partners tend to cost less than senior colleagues at most law firms. And so this might be an option for those wanting to save a bit of money.
Some advisers charge a fixed fee. For instance, a DUI attorney might have a fixed charge for a DUI consultation. Usually, the attorney will agree in writing the fee for such a meeting.
Don’t Believe The Myth Of Free Advice
Economists have been telling us for years that there’s no such thing as a free lunch. And when it comes to legal advice, there isn’t.
The misconception started back when some people started getting advice advertised as free from legal firms. To get people through the door, legal firms offered free advice. But then when they came to settle the case, they’d take a chunk of the winnings as commission. This sort of thing is now a widespread practice in the legal industry and an excellent marketing method.
But it’s also something that, as a customer, you need to be aware of. Do you want the legal firm taking a portion of your winnings? Or would you prefer to pay them for their advice up front and keep the winnings for yourself? The choice is yours.
Do Look For Qualifications
Legal advisers vary in quality just as any group of professionals might. That’s why it’s so important to check for the right qualifications. Legal advisors in the US need to be licensed. And ideally, they should have some background in court. Nothing counts for more than having raw experience on your side to fight your case.
Don’t Play Softball
If you’re really serious about getting the costs of legal advice down, you need to negotiate hard. When you approach a firm. Start off by assuming that you’re going to get a price lower than the listed price. And then find out how much a company is prepared to budge. Remember, if you don’t get the price you want, you can always choose a different firm. Also, make sure that you get a quote for all possible fees that you might incur. This includes both direct fees and commission.