Small problems can have big implications for a business if you do not have a business litigation attorney on retainer. Without having the right kind of legal council, in fact, you can find yourself facing a legal situation that is difficult to address and costly to solve. Having a business litigation attorney on staff or on retainer can help you both predict and avoid legal complications. From construction law firms to help negotiate contracts to employment law firms who can help direct the human resources responsibilities for all kinds of companies, business litigation attorneys provide support to companies of all sizes.
Knowing when to hire a commercial real estate attorney, for instance, can help you avoid signing a questionable contract with a client or a landlord. Taking advantage of the legal expert who you have on retainer can help you avoid mistakes that can turn into costly errors. Finding the attorney who has experience in the field where you work is always the secret to avoiding unexpected problems and complicated mistakes. Consider some of these times when a business litigation attorney might be useful to your large or small business:
- Even though the U.S. construction market was worth approximately $1,162 billion in 2016, between April 2006 and January 2011, the construction industry eliminated more than 40% of its work force. Often when these jobs were eliminated, the employment lawyers made sure that the dismissals were handled correctly.
- 33% of civil cases filed in state courts are breach of contract cases, according to the first national study of civil bench and jury trials recorded in the Bureau of Justice Statistics.
- Drones will help engineers and architects tackle various construction tasks more accurately, according to Colin Guinn of 3-D Robotics. This emerging industry, however, will come with a variety of legal implications that will require with competent attorneys.
- Arbitration cases are resolved much faster than litigation, according to the American Arbitration Association. In fact, the federal court statistics show the median length of a jury or bench trial in civil cases is 27.2 months, or more than two years.
- More than 551 construction industry cases with claims of $500,000 or more were administered by the American Arbitration Association in 2016. The largest mediated construction case was for $2.6 billion, while the largest arbitration case was $96 million. The total value of all claims and counterclaims in 2015 was $5.5 billion.
- Plaintiffs win bench trials 68% of the time and 54% of the time in jury trials, according to a 2005 review of civil cases filed in state courts.
Instead of finding yourself in a legal situation that could have been easily avoided, it is important to have the appropriate legal representation and the legal resources that are needed.