What Can a Business Lawyer in Chicago Do for You?
An experienced business lawyer in Chicago can help a person with a wide range of issues that can arise in business. They can review the legal status of the business to be sure that nothing disadvantageous is lurking in the business’s situation.
Other examples of the various ways in which an experienced business lawyer can help you are the following:
- Forming a new business;
- Deciding on the form of a new business;
- Drafting and reviewing contracts of all kinds;
- Breach of contract disputes;
- Buying and selling a business; and
- Compliance with regulations.
The kinds of businesses are diverse and the legal issues that can arise in connection with a business are quite diverse as well. Many areas of the law can have an impact on a business. When issues arise, it is wise to consult with an experienced business lawyer for a well-informed and professional perspective on how to approach the issue.
How Much Does a Chicago Business Lawyer Cost?
How a Chicago business lawyer charges you for any particular service will depend in part on the kind of case with which you need help.
In a contingency fee situation, the attorney collects a percentage of any money award they obtain for you. The percentage may range from 30% if a case is settled early on to as much as 45 % if there is a trial.
If your business is the defendant for a breach of contract case, a lawyer is most likely to charge on an hourly fee basis. Their fee may range anywhere from $100 to $500 per hour, and may depend on various factors.
A lawyer might offer their services on a fee for defined service basis. This is common in the area of collections.
When you consult a lawyer, it is always wise to have an open and frank discussion about how the lawyer expects to be paid.