The top 3 misconceptions about working with a law firm.

10th January 2022

For many small to medium businesses, working with a law firm may feel like a big expense that’s hard to justify.

After all, you’ve probably heard horror stories of people who have been overcharged and underserviced by big law firms.

At Lakis & Knight, we’ve heard it all! The good news is that it doesn’t have to be that way. Read on to discover the top three misconceptions about your business working with a law firm.

Misconception 1: You won’t get good value for money

When running a business, there are countless expenses to stay on top of. Understandably, many business owners are worried about not getting a good return on their investment. The reality is, it’s just about finding the right law firm for your business. 

If you work with a big firm that bills by the hour and doesn’t provide a personalised service, you may not get good value for your money or feel informed to make better decisions. At Lakis & Knight, we provide tailored solutions to start-ups, and small and medium-sized businesses. We pride ourselves on being accessible, both from a budget and communications perspective. Our team has the experience and know-how of the big firms – having worked at them ourselves previously – but with a personal touch. There’s nothing we love more than offering genuine value to our clients and help their business go from strength to strength. We have assisted many of our clients grow from one or two people to hundreds of employees.

Legal advice isn’t just for when your company faces legal issues or a dispute. By that point, it’s probably too late. Working with a law firm can help ensure all routine matters – such as drafting business contracts or acquiring a business or property – are done correctly from the beginning, from asset protection, tax and legal compliance perspectives. Doing these things properly can help avoid unnecessary trouble and potentially huge costs and penalties down the track. Whether you’re a new business or looking to grow, having a trusted legal team can save you a lot of time, money and stress in the long run. Safe to say, it’s far from an unnecessary expense!

Misconception 3: All lawyers are aloof or detached

In our industry, a lot of lawyers get a bad rap for being impersonal or indifferent to their clients. Often, when you work with bigger law firms, lawyers may be managing a large portfolio of clients, which may lead to them seeming distant or uncaring about your business. Clients come to Lakis & Knight dissatisfied and disillusioned with their previous lawyers who, at the beginning, promptly return calls and emails and extend friendly service, only to have that service deteriorate over time, leaving them wondering why they have to chase their lawyer for service. On the flipside, law firms, such as Lakis & Knight, provide a more personalised service. We’ve made it our mantra to make every client feel like they’re our only client and all relationships are long term. Our average client retention is about 15 years and there are good reasons why.

But don’t just take our word for it – check out our client testimonials. If you’re ready to work with a law firm that is here to support you and help you achieve the best results, get in contact today.