Finding the Right Solicitor for your Commercial Property Purchase

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For those of us who are thinking seriously about making a commercial property investment, it cannot be stressed enough that having a trustworthy and competent solicitor in your team is of paramount importance. Before you even think about making any sort of financial commitment to buy, you will need the services of a solicitor who is an expert in commercial property conveyancing. There could be a hidden minefield of issues that are next to impossible to visualise, unless you are experienced in this particular legal sector. Here we discuss the various things to consider if you’re looking for one of these specialists to come and join your team.

Lawyer Quality Guides

Finding a trusted source of recommendations is priceless when it comes to this competitive field and we think the best place to start has to be The Legal 500 guide. This is both recognised and respected within the profession, and will offer plenty of wise choices for those wishing to buy a commercial property. You could also look at the Chambers and Partners guide for some trusted sources. If your solicitor isn’t in either of these guides, perhaps it may be worth looking at your options again.

The Right Accreditation

As far as the finding a professional with the right credentials is concerned, you should be looking for a conveyancing solicitor who has either the Lexcel Accreditation or the Conveyancing Quality Accreditation. Both of these credentials will be a good indication that your chosen conveyancing solicitor can offer a high standard of service. The Lexcel Accreditation is a level of certification that indicates the solicitor has shown a very high standard in customer care and practice management, while the Conveyancing Quality Accreditation will cover both the commercial and residential areas of conveyancing. Although both of these marks of quality should not be the only benchmarks that you use, they certainly offer plenty of positive signs that should be taken into consideration.

Quotes and Recommendations

Perhaps you have found two firms of solicitors that seem to have the right qualities for your conveyancing project; how do you go about choosing the best one? Well, you should start by asking for detailed quotes from both parties. It is worth bearing in mind that not all solicitors will use the same method as far as drawing up their costs is concerned. Some may prefer a fixed fee quote, while others will go down the hourly rate path. Another way to make the right choice is to look at their recommendations. But before deciding on this, ensure that your source isn’t being paid a referral fee by the conveyancing team. This could colour their opinion somewhat and may not be as transparent as you first thought.

These tips will definitely help you to find the best conveyancing lawyer for your next investment. However, you should never rush into any hasty decisions. Remember that there are hundreds of failed businesses that simply decided to cut a few corners, as far as conveyancing was concerned.