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Other areas that we've engaged counsel that might benefit you: - Specific industry specialties (eg: Crowdfunded sites need S.E.C. guidance, B2C companies need
by czbond 14y ago
Other areas that we've engaged counsel that might benefit you:
- Specific industry specialties (eg: Crowdfunded sites need S.E.C. guidance, B2C companies need Contest guidance, Commercial/Residential Real estate needs H.U.D. guidance.) - a specific package would have been nice. Even if not your specialty, you could get a lead gen fee.
- Financial instrument review/drafting (Term Sheets, Conv. Notes, etc)
- Founder / Employee Dissolution
Just thoughts.
- will_brown 14y ago>Just thoughts. Your comments have been very genuine and insightful. >Even if not your specialty, you could get a lead gen fee. FYI and probably good practical knowledge for all founders to know when dealing with lawyers especially those who use lawyer referral services (1-800-*-pain). 1. Lawyers cannot split fees with non-attorneys (whether a lawyer works with a referral marketing service or a professional CPA who works on the case as an expert, the lawyer cannot split fees with them). and 2. In most States, for a lawyer to split a fee with another lawyer a.) the actual % of the fee split must be in writing and approved by the client (this presents switch and bait, or you retaining a partner with 30 years experience and your case getting dumped on a first year, and b.) the fee % must have a relationship to the actual amount of work done on a given matter (this practically prohibits a lead gen fee, because a referral alone does not support a lawyer splitting the fee). Hope this info can help keep some start-up's legal fees down if not just a little.