The role and work of a business lawyer extends beyond handling disputes, but when your company in NJ is in contention with a third party, you need a legal team that can offer support. Besides affecting the overall brand value and reputation of your business, such matters could mean spending considerable resources on getting a favorable outcome. Choosing the right attorney for resolving a business dispute in New Jersey can sound confusing, which is why we have enlisted factors that matter.
Start with the lawyer’s background
There are laws that concern specific industries and business lawyers may or may not always deal with disputes and litigation. You need to know whether the law firm has worked in your sector and with similar clients, along with the range of such cases it handles regularly. It would help if you also discussed whether the attorney has a high success rate and their significant wins so far. Some common disputes involve partnerships, contracts, intellectual properties, and employees.
Talk about the case
A review is critical to assess the strengths and weaknesses of your case. Ask the attorney about the potential outcomes and how they usually determine the strategy to fight for client clients. They can also guide you on the factors that may impact litigation and whether mediation, arbitration, or negotiation is a better idea. You should also find out how they intend to approach the other party for out-of-court settlements.
Ask about their fee
Many business dispute lawyers in NJ work hourly, and they will bill clients based on the number of hours devoted to cases. In many situations, lawyers may take a flat fee, especially if the matter is not complex and requires a straightforward approach. If there is room to recover a financial settlement from the lawsuit, they can even take a contingency fee. You may have to pay for certain costs, which can add to the overall amount, and it is best to have an estimate.
Be clear about communication
Business disputes can take time to resolve, but no matter the circumstances, the legal team of experts should be around to answer questions and provide updates. You should ask the attorney about their usual modes of communication and how your company can contact the staff.
Don’t forget to discuss if the business lawyer has a conflict of interest. If they are working for the other party in a different dispute, they are not the best choice for your company.