5 Ways to Reduce Cost for Your Lawyers

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5 Ways To Reduce Cost for Your Lawyers
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Permanent Employee Counsel

• Looking out a different professional every time,
  for instance hiring a lawyer for securing any
  such assets, can be a very expensive proposition.
• Engage a lawyer as a full- time employee on your
  payroll, the only costs incurred will be payment
  of the salary and other specified company
  benefits.

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Connect with A Law Firm

• A businessman who do not want to hire an in-house
  lawyer can always join a law firm for the purpose
  which can give counsel on all legal matters as
  and when required by the company.
• Legal services of law firms on a case by case or
  hourly basis can be an extremely costly
  proposition, signing a contract with them for a
  long duration will be helpful in saving money and
  guaranteeing access to competent legal advice at
  the same time.

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Offer Alternative Methods to Compensate The
Lawyers

• Offer Equity Compensation You may pay the lawyer
  the whole fees or a part of it in the form of
  equity of your company.
• Offer Company Benefits An Advocate can be
  persuaded to accept lower fees by offering him/
  her the company benefits that are given to all
  other full-time employees.
• Offer Company Warrants Or Options an offer of a
  company warrant or option to buy equity at a
  future date can also be made to compensate the
  lawyers fees.

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Purchase Contracts Agreements Templates

• If the business does not require continuous legal
  guidance and only needs assistance in specific
  cases at long intervals, then owners can save
  money by purchasing templates for some regularly
  used contracts and agreements.
• Engage an individual or a firm to draft a
  template for hiring full time or part-time
  employees and some other agreements like vendor
  or supply contracts.

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Hire Lawyer as Temporary or Independent

• A good way to save on legal fees while hiring a
  lawyer in India is to hire an individual as a
  temporary employee with your company.
• Hiring or contracting the lawyer for a limited
  period will be much less as compared to hiring a
  full-time professional drawing monthly salary or
  signing up with an agency for a longer duration.

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Contact Us
We are always happy to make valuable new
contacts.
www.ahlawatassociates.com
admin_at_ahlawatasscociates.in
A-33, Lower Ground Floor, Defence Colony, New
Delhi 110024, India.
011-41023400