Great Lawyers Are Worth More Than $5,000 - VentureBlog | Small business news; tips; networking

Posted by ObjectOriented under Legal
From http://www.ventureblog.com 4349 days ago
Made Hot by: Monsieur Eraser on December 12, 2012 12:49 am

If you want people to leave lots of comments agreeing with you, write a blog post saying that something is too expensive. And if you read the comments to Fred Wilson's latest post -- "A Challenge to Startup Lawyers" -- you'll see a whole lot of agreement.

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Comments

Written by HeatherStone
4349 days ago

Hi David,

I'm guessing for any business it's a question of getting the legal part right. There's probably a tendency among entrepreneurs to keep an eye on the budget and worry about waste, and I think that goes beyond concern over legal bills. Especially for businesses that are started initially with little or no financing or might be bootstrapped in the beginning, I think the rule of thumb is how much can you do without? On the other hand, there are certainly places cutting costs simply doesn't pay. Legal expenses, particularly to the right kind of lawyer depending upon your business, might certainly be one of these.

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