The role of legal freelancers in startup growth
By Tina De Maere – March 14, 2024
Having a startup means you often have to do things quickly and on a budget. While you are developing new products, building out your team, and trying to attract capital, a multitude of legal hurdles will come your way.
Hiring a freelance legal expert is a great way to tackle various compliance issues and hurdles without breaking the bank, allowing you to remain fast and lean. Using Limine is the perfect way to easily find legal support with the right profile for the needs of your startup. In this blog, you’ll find some of the tasks they can support your business with.
Flexibility that grows with your startup
Thanks to the fact that you can hire legal freelancers for very specific tasks, you have a flexible way to tackle legal challenges. You can get the help you need, right when you need it. Do you need a second pair of eyes to look at a contract you are about to sign? Do you want to make sure your product is compliant with the GDPR? A legal freelancer is the perfect solution to quickly hire a specialized expert within your budget.
Not sure who is the best choice for your needs? Just use Limine. Our algorithm automatically matches you with the three best experts for your assignment.
Cost-effective legal advice
If you want to keep costs low and make sure you have full control of your budget, hiring freelancers is often the way to go. You can decide if you want to work with your legal expert on an hourly basis, on a performance basis, or per milestone. Besides being able to negotiate rates directly, you save on many other expenses which you might want to avoid in the short term, such as a (larger) office space.
Legal freelance rates are often significantly lower than those of a large firm. Freelancers have less overhead and are often more willing to negotiate on rates, especially if you are able to offer long-term cooperation or—in some cases—equity.
Easily accessible knowledge
Having multiple freelancers in your network gives you the ability to easily tap into the wealth of experience and knowledge they have from working with various clients and industries. Often, they can bring creative insights and solutions, which is just what your startup needs.
Unlike big law firms or large consultancy firms, freelancers work directly with their clients and must stay on top of their niche to compete with other freelancers and businesses.
Getting things done faster
When things need to happen fast, you need to hire quickly. Building a team of freelancers is much faster than hiring employees. Often, you can start offloading your legal work to freelancers the day after contacting them. There is also no management layer to go through when you need things to move fast. Contacting your freelancer with a question or remark means you are directly talking to the person who worked on your assignment. This frees up your team and allows you to focus on building and growing your business.
If you are looking for the right freelancer at an affordable rate, look no further. Limine matches you with the three most relevant freelancers for your legal assignment. You can choose to work with them or not, and you can negotiate rates directly with the freelancer(s) of your choice.