752 - Is cost a factor when protecting your business?

Can you imagine having an entire law firm with lawyers who practice different areas of law for a small monthly fee?

What about having a nationwide network of law firms that are available to you?

One of my clients is a veterinarian. This is how powerful a network of law firms can be:

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My client had purchased a piece of medical equipment from a company in New Jersey, for $25,000.

After a short time, the machine stopped working so the veterinarian contacted the company.

At first, they were friendly but after a few phone calls about repair costs or a refund, they stopped taking his calls.

My client didn't know what he should do so he called his law firm in Michigan. They referred him to a LegalShield provider law firm in New Jersey.

The New Jersey law firm wrote a letter on his behalf to the company which resulted in him receiving a settlement from the company, saving him $25,000.

As he said, "Every small business needs these services."

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Having a law firm on retainer can be important for small businesses that may not have in-house legal counsel.

The right lawyers are available to provide a variety of legal services to a client on an ongoing basis.

This arrangement allows the client to have legal counsel readily available for ongoing legal needs. There's no need to go through the process of finding a new attorney each time a legal issue arises.

ChatGPT has the following information on the benefits of having legal counsel on retainer.

Having a law firm on retainer can provide a number of benefits:

1. Proactive Legal Advice: An attorney on retainer can provide ongoing legal advice and guidance to help a business avoid potential legal issues.

2. Quick Response Times: With an attorney on retainer, a business can receive prompt legal advice and representation in the event of a legal issue.

3. Cost Savings: Having an attorney on retainer can be more cost-effective than paying for legal services on an as-needed basis. The retainer fee provides a predictable cost for legal services, and the attorney may be able to provide services at a discounted rate.

4. Familiarity with the Business: An attorney on retainer will become familiar with a business's operations, goals, and legal needs over time. This can result in more efficient and effective legal representation.

Thank you ChatGPT, I couldn't have said it better!

Small business owners are busy people. Many of them have staff that could be making calls for legal advice such as an office manager, HR, or the safety director where a fleet of commercial vehicles is a factor.

I love the look on many business owners' faces when they realize the scope of the services I provide for such a small monthly fee.

Is cost a factor when protecting your business?