This segment originally appeared in the July 29, 2016, edition of the Vancouver Business Journal
Oftentimes we will hear from clients well into a project or transaction, and after much of the strategic decisions have been made, and quickly spot issues or potential problems that could have been avoided if we had been involved earlier in the process. As the old adage goes “an ounce of prevention is worth a pound of cure” – and that is just as true in the legal world. We recommend clients develop a relationship with an attorney early on so they can get to know you and understand your business in advance, and then clients can use their attorneys strategically throughout the specific transaction, project or as needed in your operations. It doesn’t mean you need to have us at every meeting, but talking with us about what’s happening in advance is typically far less expensive, and ultimately more efficient, than asking us to get you out of hot water after something has gone awry.
Be careful about using “form” documents
It’s not uncommon for us to be asked to “quickly review” a document that the client prepared themselves, or found online. I know the hope is that this will save us time (and them money), but often it takes us more time (and costs them more money) to try to make the document work for the specific client scenario at issue than it would if we had talked first and then we had provided the client with a starting point document to tailor from there.
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