Lawyers calculate their fees by adding up the time spent on your case, so make sure your lawyer is using your time wisely. One way to keep legal fees down is by avoiding unnecessary calls and meetings with your lawyer. You can also keep tabs on your budget by requiring that your attorney get permission from you for expenses exceeding $200. And if you’re involved in a lawsuit of any type, it’s a good idea to meet with your lawyer quarterly to discuss the progress of your case as compared to your budget.
Senior Attorney, National Federation of Independent Business Legal Foundation
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.