What are the potential pitfalls in managing legal fees?
1. Underestimating Costs: Failing to anticipate the full scope of legal needs, especially in regulatory compliance and IP protection. 2. Over-Reliance on External Counsel: Excessive dependence on external legal services can lead to high costs. 3. Ignoring Small Issues: Small legal issues can escalate if not addressed promptly, resulting in higher costs in the long run.
