Just like a business strategy, understanding the concepts behind an attorney referral fee agreement can empower SMEs to take on responsibilities in making legal counsel decisions which can ultimately impact on internationalisation and many strategic decisions. Knowing the following points can help any SME engage more strategically with their legal professionals who may or may not have their best interest in mind and the future of the business:

This information will help readers to understand what an attorney referral fee agreement more generally is, why it can matter most from an SME perspective. Most importantly it will help with understanding how the use of one can help the SME save money. Understanding the connections between legal strategy and market development success, understanding how a referral or referral fee could help facilitate international transactions, and ultimately how green transition strategy can be aided through clear and transparent legal agreements and the importance of effective negotiation.

Here are some action items that could help an SME get started:

This is a quick summary of what I would recommend to an SME: This is an all too common scenario. Really understanding when to engage with attorney referral fee agreements, and how to effectively negotiate them. While being clear on why they matter – especially on green transition sustainability related projects that often involve complex partner networks and do not offer a “one size fits all solution”.