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Can I Save Money by Preparing a Contract for My Lawyer to Review?

Logo for Quora, where Dana Shultz answered a question about whether a client can save money by preparing a contract for lawyer reviewThis post is inspired by a Quora question that I answered. Q. Can I save money by preparing a contract for my lawyer to review?

A. No. Here is an explanation of why not.

Clients sometimes think that if they do the work to prepare the first draft of an agreement, they can save money because a lawyer will need less time to complete the agreement.

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Why I Like Being a Lawyer

Quora logo

This post (which, I admit, is a bit off-topic for this blog) is based on a Quora question that I answered.

Q. Attorneys: Why do you love being a lawyer? (Kindly exclude financial reasons.)

A. For me, “love” would be an overstatement. However, I consider myself quite fortunate in that:

  1. I get a great deal of satisfaction from helping my clients (for a startup, everything I do is significant).
  2. As a solo I am my own boss, so I get to do what I want when I want.
  3. My training to “spot the issue” is valuable in all aspects of my life, not just my work.
  4. The vast majority of my professional interactions are with people having greater-than-average intelligence, ambition, integrity and accomplishments.
  5. Because I need to have many clients (startups don’t have a lot of money for legal fees), I learn about many different types of businesses.

Dana H. Shultz, Attorney at Law  +1 510-547-0545  dana [at] danashultz [dot] com
This blog does not provide legal advice and does not create an attorney-client relationship. If you need legal advice, please contact a lawyer directly.

 

Do I really need a lawyer to review this contract?

I have wanted to write this post for several months, but until now I have held off because of concern that it would come across as a lawyer saying “buy my services”. Today, though, a conversation with a client drove home how important this topic is.

On several occasions, clients have asked me to dig them out of trouble that occurred because they had entered into agreements without the advice of legal counsel. Some examples: