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When running a business you should know that there will be many cases when you need legal assistance. Companies cannot avoid legal charges or even avoid the need of legal assistance, therefore they should figure out on how to get a lawyer to work for them on a regular basis, among the ways that they can figure this out is by having a law firm on retainer. Having a law firm on retainer implies that you pay small fees to the law firm and they will provide you any legal service that you need at any given time. Here is why it is beneficial for your firm or company to have a law firm on retainer.
If you hire a law firm and you sign a retainer agreement the law firm is bound to provide you with any legal service that you have at any given time. Companies are always faced with legal situations and it is important for them to have a legal firm assist them at any given time, however, when you do not have a company on retainer then you will be needed to recruit a company and it may take time which may inconvenience you if you have an urgent legal issue that needs to be dealt with.
If your company is a large company then you are bound to have many legal issues and it is cheaper to therefore have a legal firm on retainer as opposed to paying for legal services every single time that you were faced with a legal challenge. The legal expenses vary from one point to another because lawyers charge differently for the cases that they will handle for you but when you have a legal firm on retainer they are compelled to provide you with all legal services without asking for any extra fees which allows you to save a lot of money.
As the manager or owner of a company you have a lot of issues that you need to handle when running that company and you may not have time to focus on protecting your intellectual property or protecting the operations of a company as a whole. As a manager or the owner of a company you may not know how to go about protecting your company and you will not even know the risks that you company is facing , but if you have a law firm on retainer they ensure that they analyze the risks facing your company and they protect your company in advance, for instance they ensure that they protect your intellectual property.
Any recruitment process is always hectic and they attract costs such as recruitment and training costs. Among the main advantages of having a law firm on retainer is the fact that you do not have to continuously hire new lawyers when you need legal help.