Most pharmaceutical companies understand the need to retain a good law firm, to help navigate the maze of legal and regulatory issues governing the health care industry. However, choosing the right law firm for your pharmaceutical company is a decision that should be made carefully, with due consideration to the firm’s ability to meet your specific needs.
Determining if a law firm is right for your pharmaceutical company
The law firm should be able to provide general corporate advice relating to business transactions, in addition to legal services concerning regulatory defense and compliance assistance. Ideally, you should choose a special practice firm that has health care as its focus, and already has a fair number of pharmaceutical clients.
The law firm should also have significant experience in handling matters that require litigation. This is important, because from time to time pharmaceuticals may be the subjected to lawsuits in matters involving transactional misrepresentations, shareholder disputes, and disclosure issues.
In relation to compliance, the firm must be able to assist you in making strategic decisions to manage risks. This should involve providing the necessary guidance to implement effective compliance plans, especially as it relates to critical legislation such as HIPAA, FDA regulations, Current Good Manufacture Practice (cGMP) and FTC communication.
Once you have found a law firm that meets those needs, the next step is to meet with them to discuss those issues. If you feel comfortable about establishing a relationship with them, and are confident in their advice, then they are the right firm for you.
Nelson Hardiman, Los Angeles, CA is a law firm for health care providers, and we have the resources and experience to provide you with the services your pharmaceutical company needs. Call 310-203-2800 today for an appointment.