Wednesday, August 22, 2018

A trusted legal advisor and counselor for your small business


            Proper attention to the legal issues involved in running a business can be complex, time consuming, and expensive.  It is difficult for even the most dedicated management team to identify and address all the potential legal issues which may arise. Failing to proactively identify and address these issues can leave the business, its owners and managers at risk.  At the same time, investing the time and resources to do so distracts the owners, managers and business team from focusing on the core strategic mission of the business and diverts resources from the ability to maximize profits.

            One way to address these issues is to employ a full-time in-house legal department or general counsel. However, for many businesses this is not a feasible option.  Accordingly, business owners have traditionally opted to muddle through the legal issues on their own and hope that the online forms are good enough to avoid putting them at risk, and then hire private counsel on an as needed basis.  This is seldom a workable solution. The do-it-yourself legal solution diverts attention from running the business and leaves the business owner wondering whether it was done right, hoping that it will achieve the desired outcome and praying that it has not put them at risk. When counsel is retained it is usually in the midst of a crisis or distress. In this scenario, the attorney seldom has a real understanding of the core mission and culture of the business and the work is performed at an exorbitant hourly rate which encourages inefficiency on the part of the lawyer and discourages the business owners, managers and employees from building a relationship with the lawyer.  Once again, it distracts key management from focusing on the business and diverts their attention toward supervising and managing the legal project. In short, it is an expensive, stressful and unproductive exercise.

            There is a better way.  Imagine an attorney who does not bill you in one tenth of an hour increments, a lawyer who takes the time to learn about your business, to get to know the unique culture and core strategic goals of your business, an attorney who becomes part of your business team and proactively works to identify and resolve legal issues before they arise and is available to address issues when they arise. 

            Maughan Law Group LC strives to be a different sort of law firm.  By working with a small group of business clients on a set recurring monthly fee our firm can eliminate the inefficiencies inherent in an hourly billing model and take the time to become that trusted legal advisor and counselor that can help you integrate your legal needs into your core business strategy.  Our goal is to integrate with your team, form relationships with you, learn about your business, your goals and your dreams so that we can work with you to proactively identify and correct legal issues before they become an issue.

            Business owners and managers often identify only those legal issues which are obvious and directly in front of them.  Maughan Law Group LC strives to scan our client’s business environment and identify issues which may put the business at risk or simply hinder the business ability to thrive, grow and succeed. 

 




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