Telephone
02-77093611
Line
@fdlaw
address
17th Floor, No. 180, Section 2, Dunhua South Road, Da'an District, Taipei City
Telephone
02-77093611
Line
@fdlaw
address
17th Floor, No. 180, Section 2, Dunhua South Road, Da'an District, Taipei City
Why do companies hire legal advisors?
Some companies realize that risks need to be guarded against, so they decide to hire legal counsel. In addition, there are some situations where, for the sake of the company's face, it feels unreasonable for such a large company not to have a legal advisor, especially when doing business with foreign companies. If there is no legal advisor, it will give people a sense of insecurity. Consider this aspect.
However, some companies believe that hiring legal advisors is useless, so they are unwilling to pay legal advisor fees.
In fact, most companies above a certain size will hire legal advisors, while the proportion of smaller companies or corporate lines will decrease. Why is this? In fact, most companies above a certain size have relatively high turnover and a wide range of businesses, so they may naturally face higher legal risks, so they are willing to pay to hire legal consultants. Smaller companies have lower turnover and simpler transactions, and business owners believe that if legal risks occur, they will actually bear less responsibility, so they are less willing to hire legal counsel.
However, many companies do not use legal advisors. Many people do not know that legal advisors are useless, but they do not know how to use them. The reasons are as follows:
1. The lack of understanding and attention to the law results in business owners and managers not knowing how to use legal advisors in their daily work and life.
2. More business owners are wary of legal advisors. Due to many considerations, they may regard legal advisors as outsiders. This may be because the legal quality of some domestic business owners is not very high. The thought of leaking some business secrets of corporate projects leads to a reluctance to involve lawyers before the project is negotiated.
In European and American countries, and even countries with common law systems such as Singapore and Malaysia, legal advisory fees are very high. In Taiwan, most corporate legal advisory fees range from approximately NT$30,000 to NT$100,000 per year. Why are the legal fees in Taiwan and abroad so different? This is because many companies do not know the use of legal advisors, nor do they know how to use legal advisors.
In fact, for business owners, it feels like a loss to pay NT$50,000 to a lawyer every year. This is because they do not know the use of legal advisors and do not know how to use legal advisors. Anyway, hanging a legal advisor certificate can show to the outside world that the company has hired a legal advisor, but it may not ask twice throughout the year because they themselves do not know how to use legal advisors.
Before the awareness of legal consultants is cultivated, legal consultants and business operators should communicate more. When business operators do something in daily operations, they must first tell the lawyers, and the lawyers should take the initiative to remind business operators what they should pay attention to. Matters, for example, if a company wants to buy a farmland to operate a B&B, what kind of contract should be signed, and whether there are any matters that should be paid attention to. If the business operator goes his own way and decides how to proceed, he may face higher legal risks in the future. Because he doesn't understand. If there is a legal advisor he can trust, the legal advisor will tell him what problems such a plan may have, and we can discuss how to deal with them, so that the corporate decisions made will be more secure.
Try to prevent legal disputes, improve the risk awareness of company managers, and be able to evaluate various economic activities from a litigation perspective. During the actual transaction, you should pay attention to keeping relevant documents. If a dispute occurs in the future, if you cannot prove it, you may have to bear the burden of proof. When a company makes any decision or signs any contract, it can consult a legal advisor, which can play a very good role in preventing legal risks beforehand.
For business owners, they should pay attention to the advisory role of legal advisors and penetrate the awareness of legal advisors into all levels of company management. For legal advisors, they should be like an assistant, predicting legal risks for clients in advance and providing opinions for decision-makers to refer to, so as to prevent, control and avoid legal risks.
The leading lawyers of our firm have worked for Qinye United Accounting Firm and one of the top five law firms. They specialize in laws in the commercial field and provide the highest quality legal services to corporate clients based on their rich experience.
Fidelity Law Firm Corporate Counsel Division
Line:https://line.me/ti/p/@fdlaw
Tel:0277093611
Facebook:https://www.facebook.com/fudalawyer
website:https://fdlaw.com.tw/
e-mail:info@fdlaw.com.tw