We are totally obsessed with technology. We are practically falling prey to everything that is offered through an online platform or an application. However, it is time, to stop for a moment and evaluate the pros and cons of these online market places for services.
Here are some reasons why they don’t do any good to your start-up, even if they so claim:
- Legal advisory needs careful assessment of facts and your business:
To provide legal advise for start-ups you need a lawyer with sufficient corporate expertise, who is trained to evaluate smallest detail of your business, so that he can secure you from any potential threats. These platforms, however, follow a default , copy paste methodology and their process involves no customized assessment of the challenges your company could face.
- You think the prices are LOW, you are mistaken:
An ethical start-up lawyer will give you an overview of the entire cost involved in a transaction. However, these platforms merely break down the costs which are to be paid in multiple stages, conclusively making the entire service even more expensive. They would never tell you the total cost till the conclusion of the work. Be aware of the hidden charges.
- The one doing your job may not even be a LAWYER:
The most scary part of assigning compliances for start-ups to such platforms is you never get to see or know the person actually doing your job. You are always talking to a sales representative. You would not want an intern or a junior lawyer doing your most important document, just, like you would not want a medical intern to operate you. Trust me, it is not an exaggerated comparison at all.
- These platforms will never tell you, what is RIGHT for your company:
An entrepreneur cannot be expected to know the legal or tax compliances. A professional who can explain to you the right way forward, consequently provide you with better options and be creative enough to find an alternate and cheaper solutions to your challenges is the best lawyer for start-ups.
- You will never be intimated about an amendment of law or compliance:
The laws for start-ups and new companies undergo amendments from time to time. There could be changes in the compliance for start-ups year after year. A start-up lawyer, will always keep you posted about these changes to avoid penalties or terminations. Online platforms will not divulge any such requirement, further pushing the start-up towards compliance default.
You hire a lawyer for their judgment and sadly these online platforms and their automated mechanisms will never match the acumen of a start-up lawyer.