It usually takes experience in the market for business people to truly understand the realities of hiring and working with lawyers.
Failed companies never pay the price for poorly managed legal; unless the failure was the result of the legal problems, which does happen. Successful companies, however, pay deeply for legal mistakes. It’s just a question of timing. There are definitely steps you can take to prevent legal spend from getting out of control, but it requires separating reality from delusion. That’s the purpose of this article.
This article was written by corporate and venture capital attorney Jose Ancer.
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