1. Be sure to ask your law firm if they use an external Legal Process Outsourcing (LPO) provider. This is a vital question, as if they do, it will affect your legal costs considerably – in your favour. What’s more, is that if the answer is ‘yes’ and they work with ‘P[X]Paralegal’, you know you’re in good hands. P[X]Paralegal is an on-shore LPO provider, with a team of highly skilled paralegals who carry out all the legal administrative aspects of a legal matter efficiently and to perfection. Law firms who work with P[X]Paralegal are able to pass on cost savings of up to 40% to their clients. So make sure your appointed law firm has adopted LPO – and if not, ask them to do so or switch to a provider who does!
2. Be sure to ask your law firm if they accept ‘payment plans’, so you can pay your legal costs in easy, monthly instalments. This is very important for businesses with both expected and unexpected legal costs. ‘Payment plans’ enable you to budget your legal spend efficiently, resulting in better cashflow for your business.
3. Ask your law firm if they work on a fixed-cost basis. This is important to know if you have specific funds to use – knowing what you’ll be paying up front and per project will clarify any potential grey areas.
4. Experience – does the law firm specialise in – or at least have plenty of previous experience in the legal area you need help with or could possibly encounter? If not, find another!
5. Are there any possible conflicts of interest? Is your law firm already representing a competitor? If so, find another as you will need an independent outlook on your affairs.
6. What is the law firm’s reputation? Some simple research should tell you all you need to know – if they are unreliable, expensive or rarely win, previous clients will have likely posted their thoughts online. If not, you could ask for some names and call them yourself.
7. What IT systems are used by your law firm? Are they state-of-the-art or compatible with the systems you use? If they aren’t, it could cause some potential IT issues further down the line.
8. Trust your gut-feeling – you will need a good relationship with your law firm provider who should be friendly and cooperative. Tell them what you expect with an engagement letter explaining your expectations. Teams that work well together will undoubtedly produce better results.
9. Negotiate. If you’re not happy with any of the costs quoted, try and gain some leverage as it is likely there will be savings to made in certain areas.
10. Ask the law firm how many companies within your industry sector they’ve have you worked with in the past. Does the legal provider have previous experience dealing with companies such as the one you represent? This is different from covering the areas of law you need help with, as your industry will have its own specifics, laws and characteristics – if you are niche, this is even more relevant.
We are here to make the whole legal process easier and far more cost-effective for you. We have services which enable the legal activities which don’t need to be undertaken by a regulated practitioner to be carried out by a trained and experienced paralegal, at a fraction of the cost. We work side by side with law firms in providing paralegal support to their clients.
We can also make access to legal support (and thus justice) affordable via our ‘payment plans’ – whichever route is chosen. We are the only UK organisation to provide ‘payment plans’ for legal costs, whether they be the costs incurred from a barrister, solicitor, paralegal, court fees – or a mixture or all.