Following Your Risk-Adverse Lawyer’s Advice

Normally, we cover interesting dispute stories including our own cases on this blog, but today, we wanted to talk about a question that many clients might have in their minds, but don’t ask — Should I ALWAYS follow ALL of my attorney’s advice?  

Real estate investor and author of the #1 WSJ best-selling book The Lifestyle Investor, Justin Donald recently opened up about what happened to him when he didn’t take his lawyer’s advice.  He says, “My attorney is very smart and really saw this (huge financial loss from a bad deal) coming, but I didn’t listen to him”. Donald goes on to say that the reason he didn’t listen was the legal profession’s tendency to be “risk adverse” which he felt could limit his business opportunities. Donald admits his mistake but finds that perception often when entrepreneurs want to hire lawyers and not take all of their advice.  

Inc. Magazine published a story recently entitled “Why You Shouldn’t Always Follow Your Lawyers’ Advice” where startup pioneer Steve Blank explains how startups look at risk as opposed to larger companies.  Blank contends that your lawyer’s advice is important, but not always the final word when it comes to your business.

Our own legal expert, Dean Sperling, adds, “Your lawyer is there to assess the business risks of your case and make recommendations that help you navigate through those risks without losing your mind along the way.  You’re hiring your attorney based on their ability to do this for you so, if you don’t take their advice on a regular basis, it’s fine, but both you and your attorney might start to wonder what you’re doing working together.” 

Wherever you look, you’re going to find legal disputes. They are EVERYWHERE!  And when those things negatively impact you and/or your business including bankruptcies, landlord/tenant matters including unlawful detainers, contract issues, nuisance ADA claims and even collections, call in your good guy business litigator, Dean Sperling to resolve YOUR matter with YOUR best interests in mind!  

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