Is it expensive to hire legal counsel? How much does a corporate legal consultant cost per year? What is the market price for legal advisors?

In Taiwan, the average company's annual legal advisory fees range from NT$30,000 to NT$100,000, and relatively few have annual consulting fees higher than NT$100,000. Small and medium-sized business owners are not willing to pay for lawyers to serve as consultants in normal times, just like people who always squander their bodies when they are healthy. The job responsibilities of corporate legal advisors include assisting companies in establishing and improving relevant legal systems, preventing and resolving legal risks, etc., which is necessary.

How much does it cost to hire corporate legal counsel for a year? What is the market price for legal advisors?

Generally speaking, corporate legal advisory fees mostly fall within the range of NT$30,000 to NT$100,000. The average annual consulting fee is NT$50,000 to NT$60,000, with relatively few exceeding NT$100,000. At the same time, this kind of comprehensive daily legal services generally does not include handling the company's litigation-related business or providing special legal services. If an enterprise has outsourced its permanent legal consultants and entrusts litigation-related business or provides special legal services, it will generally enjoy certain discounts in price negotiations.

In the market, there is no unified guidance standard for annual legal consultant fees. Consultant fees often have certain reference standards based on the size of the consulting unit, operating profit, service content, complexity of affairs, etc. The final cost depends largely on the negotiation results between the two parties.

Is it necessary to retain corporate counsel?

Some heads of small and medium-sized enterprises may feel that it is not necessary to appoint lawyers to serve asLegal Consultant, just like people always squander their bodies when they are healthy. When contract disputes or transaction problems arise, and the company suffers losses or cannot receive payments, it is discovered that the tens of thousands of yuan in legal advisory fees are really nothing compared to the millions or even higher losses the company has suffered. It's very cheap and cost-effective, but unfortunately it's often too late.

What are the job responsibilities of corporate counsel?

1. Assist the company to establish and improve relevant legal systems to prevent and resolve legal risks.
2. Provide opinions, suggestions and assistance on legal issues related to business operation and management.
3. Draft, review and revise various legal documents, such as business contracts, articles of association, certification letters, etc.
4. Participate in important economic activities or business negotiations of customers.
5. Provide legal consulting services for mediation, arbitration or litigation cases. and serves as litigation counsel in litigation.

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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.

Fuda Law Firm
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