Three tips for minimising your legal spend:
- Have fixed fees for certain tasks your lawyer does for you – such as the preparation of franchise agreements including any amendments required by the franchisee’s lawyer.
- Don’t necessarily use the same firm for all of your work – a large specialist firm might not be the most cost effective firm for your day to day issues.
- Don’t only engage with your lawyer when there is a problem to solve – seeking out a lawyer who will add value to your business, rather than solving problems, is a better approach to help to adopt risk minimisation strategies at the outset.