Unlike other solicitors who may be trained to help individuals (such as a personal injury solicitor or criminal defence lawyer), a commercial solicitor does not focus on advocacy. Instead this type of solicitor works primarily on business-related matters. They can help businesses in a number of other ways, such as:
Reading, Analysing, and Writing Complex Documents
- Many business owners, managers and other people in leadership roles do not have the time to read complex documents, and even fewer have the knowledge or understanding to properly comprehend them. Commercial solicitors in London will take on the task of reading, analysing, and critiquing that documentation for you. If any response is required, they will be able to draft a legally sound reply or follow up for you that will cover every necessary detail. Commercial solicitors offer the following services: They will review a client’s business from both a commercial and legal perspective and will report back should there be any issues.
- The solicitor will negotiate purchase agreements and will write up contracts.
Providing Sound Legal Advice
Commercial solicitors do more than review and prepare paperwork. Because of their extensive legal knowledge, they are often called upon as advisers for businesspeople in leadership positions. A commercial solicitor will be able to go over all of your legal options as well as different scenarios which may be a benefit or a detriment to your organisation. Some examples where they will be able to provide legal advice include:
- Assessing whether a competitor has broken any laws when it is suspected the competitor copied one of your business’s products.
- Advising on which financial products should be used if a company wants to raise money through the UK financial markets.
- Working with solicitors of other firms to ensure that deals are both legally and practically effective for all parties.
Keeping Everything Organised and in Line
A large part of a commercial solicitor’s job is making sure that a number of moving and changing elements continue to flow and work together so that deadlines are met, paperwork is filed on time, and forward progress is made. The best commercial solicitors in the UK are calm under pressure, personable, and will inspire everyone to do their part in making sure the organisation remains lawful and on task.
Anytime you need commercial dispute advice, a contract drafted, or assistance with any other business law issue, it is important to speak with a highly trained and reputable commercial solicitor. Take the time to ask those in your business network about any commercial solicitors they have used in the past, how satisfied they were with their services, and whether they would hire them again. Once you have gathered three to five names, be sure to give them a call, sit down for a consultation, and explain your business needs. At the end of the interview process you will likely know exactly which solicitor or firm you want to help you continue to build your successful organisation.