Thursday 17 March 2016

Think About Your Aim In Taking Professional Advice . . .



I do appreciate that using a qualified, authorised and regulated English Solicitor (i.e. someone whose experience and expertise has allowed them to achieve that status - which includes the position that professional indemnity insurers have become sufficiently confident and comfortable in their abilities - so as to offer insurance cover for the quality and effectiveness of their work) - doesn’t (regrettably) come at a price for work which non-qualified, (in practice) uninsured 'business advisors' (who will never have to stand behind the the worth of their advice & assistance input) can offer!

Business people should really think carefully about requesting legal advice & assistance input with regard to their affairs, where the quality of the work (say) in relation to a relatively early stage business venture will only (in practice) be tested (i.e. potential problems come to light), as & when the relevant venture (and ownership interests - i.e. their shares) become valuable, and / or it is desired to undertake a significant transaction / corporate event in relation to the relevant venture - which by then has become a significantly more valuable entity.

Obviously, if you are not aiming for, or you are indifferent to your venture's future success (and such situations exist - more frequently than you might imagine) - then instructing someone whose aim is to help you achieve success is probably inappropriate, and you may be be better simply instructing the unqualified advisor - since a low fee for initial advice & assistance is the only factor .  

Quality advisors envisage (from their experience & expertise) the circumstances which are likely to subsequently develop and their work tends to deal with issues which were not envisaged as likely at the time the original input was provided.  Using a qualified and authorised legal advisor doesn't guarantee success, but if you don't do so you are potentially 'handicapping' yourself.

Always remember - Some people 'catch a break' - e.g. Mr. Bill Gates father was a prominent and successful American attorney : 


If quality legal advice is absent (or deficient) at an early stage - It may not be possible to subsequently rectify it.

Therefore for some poor souls - 'This' may be the result : 


I would be happy to expand upon / explain the above references further for anyone who wishes to discuss!
Be like the former, and not the latter - Know the value of skilled advice, don't merely focus upon the price.

Please, for your own good - Remember the following (!) :-