After going through the legal process involved in raising funding, I came across this article with some tips on how to select the best lawyer for your business. You should pick a lawyer that:
-Has done a ton of startup financing deals. There are nuances and market norms that can make or break financing deals, for example. Lawyers without startup experience often miss these. If you are applying to an accelerator, it is helpful if your lawyer has represented other accelerator participants. -Is well-known and respected in the investor community. This is important because if your investors know the lawyer or the firm you work with, they won’t feel like they have to double check every word in your documents. Respected lawyers also tend to produce high-quality work. -Is responsive (within 48 hours) to your requests -Can grow with you. As an entrepreneur, I’ve found that you can never predict what startup life will throw at you. The law firm we’ve worked with has helped us with everything from IP to Hungarian immigration law.