How much should a business be making for it to hire legal advisors?

[Stardom22]

In some instances, the business may need some legal services due to one or two reasons for sure.So concerning the hiring of them, how the business should be financiallyo be able to sustain the employment of the legal advisors for the Businesses?

 

[magnus2022]

The question don't have specific answer because the every counsel or legal establishment have their service rate. Secondly, all hands are not the same. Some big companies do include their legal cousultant in payroll. Therefore, there is need for legal action, the lawyer will swing into action. I don't think every business will follow the same procedure in consulting and paying for their legal services. It al depends!

 

[Springtime]

Small businesses usually do not hire a lawyer and include him/her as an employee. Some legal firms require you to pay a small retainer fee so that when you have legal issues, you can contact them, and they will provide advice at an agreed rate.

 

[Augusta]

A business should consider hiring legal advisors when the potential cost of legal issues outweighs the cost of legal services, or when the business is entering a phase where legal expertise