Many businesses maintain a relationship with the solicitor they have used from the outset. But it's important to monitor that relationship to ensure you are getting the right level of advice for the money you are paying.
It's a good idea to check the range of services that a solicitor offers - there may be other areas they can advise on to make the relationship more cost-effective for you. They may be able to give you advice on employment law, for instance, or advise you on the insurance you may need to protect your business in the event of a claim.
As with any business relationship, it is important that you monitor the effectiveness in terms of cost and efficiency of using a particular solicitor.
You should regularly check whether:
- the advice you have been given has been useful or successful
- you believe the solicitor has acted in your best interests
- the solicitor's rates are in line with their competition
- there are other legal issues that it may be more time and cost-effective for your solicitor to handle, rather than you handling them yourself in house