High law firm retainers present substantial barriers for small and midsize businesses (SMBs).
SMBs generally don't have enough of a need to justify hiring a lawyer as a full-time employee, but they still require access to resources that will help them avoid fines and lawsuits while managing evolving HR and employment requirements. This forces SMBs to pay exorbitant fees to keep external law firms on retainer, which explains why over 3 million small businesses per year risk not hiring an attorney even when they need one.
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