Using Your Lawyer As A Trusted Business Associate

When disaster strikes a business, whether it’s a financial, reputation, or business loss, the business enters unknown territory. It needs a legal guide to help it repair the damage and get the business back on track. It’s not a time to improvise, ask friends and relatives, or find solutions online. The business management needs a personal adviser with experience and ability to help fix what needs fixing. Recovery from a business loss is a legal as well as financial matter. Law firms can provide guidance and referrals to financial, reputation management and public relations, and loss mitigation professionals. They can take legal action to limit ongoing loss situations. If losses are a result of others’ actions, other legal avenues may also be pursued to avoid further losses and recover for current ones. Legal firms can act as “incident commanders,” professionals who direct a recovery operation in times of disaster. This gives business owners a chance to keep the focus on continuing operations during the recovery period, and makes sure that recovery strategy is not an afterthought. Financial recovery can require audits, forensic accounting, or management of a criminal investigation. Reputation management and public relations helps to keep the business’ successes and value to the community clearly visible. Loss mitigation can help limit physical losses and ensure that company assets of any type are accounted for and that their value is maintained. Businesses need to know where to find a law firm to provide recovery services. Online advertising with companies such as Google or Yahoo can catch business owners’ attention while they read business news online or check sports scores. Firms can reach out to local businesses directly or through the Yellow Pages. Chambers of commerce and organizations such as the National Federation of Independent Business provide introductions with trusted firms in the community. Companies which know the legal services market can help to establish a presence with both small and medium sized businesses and multinationals which may need local help. Just as businesses need to be ready when unexpected situations cause losses, so law firms need to position themselves to help companies avoid strategic mistakes. They can provide damage control and help recover losses so that the business is back running smoothly and with minimal harm to business operations. Law firms can be trusted advisers in a time of great need and uncertainty. Amanda Green is a freelance writer who writes on the topics of career, personal finance, and law. Some of her advice includes saving money as a business, finding the right legal services like LexisNexis legal marketing, and how to turn your master's degree into a higher salary. Photo Credit: Shutterstock

In our new YouTube series, "Well This Happened" it's your turn to be the career coach! What would you do if you asked a coworker when the baby was due and she responded with, "I'm not pregnant." Watch the video and cast your vote b posting a comment on Youtube. We'll select one person from the correct answers at random to win free membership to the Work It Daily program. Good luck!

SHOW MORE Show less

If you've ever wondered what a Work It Daily (WID) membership could do for you, a letter we got this week provides a powerful example...

SHOW MORE Show less

There are 3 things hiring managers are trying to initially assess about you in the job interview. This video walks you through what they are looking for and offers insights into the right information to give them. Be sure to check out our free resources mentioned in the video too. They are:

SHOW MORE Show less

Last week during my Office Hours on Youtube, a client asked about how to deal with a workplace bully. After spending many years in corporate HR, I flipped to the other side and became a career therapist. So, I've seen both sides of this situation in the workplace. In this video, I discuss why people struggle to deal with bullies and what you can do to change the situation instantly.

This week, I did something that truly scared me. I sent an email to over 120,000 Work It Daily newsletter subscribers and asked them to answer the question, "What do we do?"

SHOW MORE Show less

A market correction is going to happen. When it does, layoffs will follow. I've been in the HR and recruiting industry for over two decades and have seen three recessions of varying sizes. In the video above, I explain how to tell when a recession is coming and what that means to you and your career. While many people will skip watching this. Or, will watch it and do nothing. I hope YOU are the smart, savvy professional who sees how important it is to prepare for unexpected, unwelcomed career circumstances.

SHOW MORE Show less

In this video, you'll learn how to tell if your career is plateauing due to the Executive Blues. You'll also learn what you can do to fix the problem and get your "executive energy" back so you can keep your career on track and set goals to reach new heights of success!

Want to watch the full video tutorial by J.T.?

CLICK HERE to get access!