Small Business Litigation Attorney Reveals Winning Legal Tactics
Financial Considerations and Cost Management
Litigation can be costly, but small businesses can mitigate expenses by employing strategic cost management practices. One approach is to negotiate contingency fee arrangements with your attorney, where legal fees are contingent upon a successful outcome. This arrangement aligns the attorney's incentives with your business goals, offering a win-win scenario. Additionally, many law firms offer flexible payment plans tailored to small business budgets, allowing for manageable financial planning.
According to a recent survey, the average cost of litigation for small businesses can range from $3,000 to $150,000, depending on the complexity of the case1. Therefore, it's crucial to weigh the potential costs against the benefits and explore all available options before proceeding with litigation.