Founders’ Friday: Five litigation tips every business owner needs to know.

Founders’ Friday: Five litigation tips every business owner needs to know.

Complex litigation attorney Enrico Schaefer shares five (5) tips for company founders and business owners.  Watch the video below… (transcript coming soon).

  1. How to document your litigation strategy by identifying and prioritizing specific goals.
  2. Litigation is a five lane highway. Don’t let your trial attorney drift from shoulder to shoulder, billing hours and wasting time.  Pick a lane and stay in it.
  3. Your lead trial attorney is the captain of the ship.  There can only be one captain. Compromise on strategy rarely works.  (see ‘pick a lane’ above).
  4. Leave your emotions on the sidelines.  Make smart business decisions.  Your attorney should never play into your emotions, but instead make sure you are making rational decisions, and pushing back as necessary. Attorneys who add fuel to your emotions, are typically just looking to bill more hours.
  5. Filing a lawsuit is not simply filing paper in court.  The soft cost of litigation can be the most expensive item.  Be ready to provide time, money and resources to your attorney, making sure you are always providing everything required and getting the facts 100% complete and correct.  One fact, one email one document can turn a winning case into a losing case.   Make sure your attorney knows everything and let the lawyer judge what is, and is not, important.