Mark D. Walters
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How to Know if You Might be Over-Paying for legal Services

7/31/2018

 
mMost business owners and executives are at a real disadvantage when it comes to selecting a law firm. They know many of the large law firm players and have reason to trust the skills and reputations of these big firm lawyers.  However, they also know that part and parcel with the big law firm lawyer, is high prices to support the big law firm overhead. 

How do you know if you might be over-paying for legal services?  

  1. The lawyer has a better view from his or her lobby than the view from your lobby. 
  2. The law firm is located in the high rent downtown business core of a major U.S. city.
  3. There are more employees at the law firm than employees in your company.
  4. The lawyer has more support staff than you do.
  5. The law firm's art collection looks expensive.
  6. Senior lawyers at the law firm can take a paid sabbatical. 
  7. The law firm has more offices/locations than your company.

I could add to this list, but you get the point.  

Part of what you pay for when you hire a lawyer, is the lawyer's law firm overhead, and to be honest, most lawyers do not need that much overhead to deliver high quality legal work.    

Most businesses would be better served by working with experienced attorneys who work at smaller, lower overhead, law firms form some if not all of their legal work.  

Yes, like mine. 

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