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Hi Taylor:
Do you have any experience helping your clients find affordable legal
advice? I'm trying to work out some contract issues and want to make
sure everything is legally sound, but there's no way I can afford
a lawyer for the work I need done.
Hi Leo: Few things drain a bank account faster than legal fees.
I have advised some clients on this, because you can get a lot of
information without paying someone $300/hr. Here are a few tactics
I've seen work over the years, though every situation is a little
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1. Contact
the local bar association. This is an interesting option that
actually works for a lot of people. If there are young lawyers
offering pro-bono assistance, that information can sometimes be
found through the bar association. Finding a lawyer working for
free as a means of getting experience is the best you can hope
for when handling small matters. If there isn't a pro-bono option,
you might still be able to get information about other services
or organizations that can help, such as a legal aid society.
2. Visit a law school. If you only need basic information
to ensure your contracts are in order, the library of a law school
might have the resources you're looking for. In addition to lots
of reading material, you can connect with a law student who has
plenty of knowledge but isn't yet licensed to practice. You might
even offer a small amount of money to keep everything on the up
and up, and essentially get the same service you would from a
professional lawyer for a fraction of the cost.
3. Look into online legal services. When you don't have to
book a full hour of a person's time, the cost goes way down. Digital
attorney services are available for minor issues and usually allow
you to save a lot of money. You may have to work through your
share of robots before connecting with a person who can offer
guidance and work out a reasonable price, but it's an option worth
considering.
4. Barter.
If you know a lawyer and don't want to ask for free service, have
you thought about some sort of exchange? This isn't as common
as it once was, but lawyers still do a lot of work for trade.
If you or someone you know can offer a product or service in exchange
for a little legal counsel, you might be able to get everything
you need without spending a dime.
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So many people
hire lawyers without realizing how much the invoice will come out
to. If you have a way to avoid those fees, it's definitely worth it.
Good luck, Leo!
© Taylor Kovar
March 14, 2022
More "Go Far With Kovar" |
Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
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