Luxury Law Group Provides Competitive Edge to Savvy Companies in the Ultra-Competitive Yacht Industry

FORT LAUDERDALE, Fla., Oct. 30, 2018 /PRNewswire/ -- Running a yacht brokerage or manufacturer is big business these days, and Luxury Law Group can help.  Dramatic increases in new boat values, changing tax laws, and multiple interested parties have created more complexity and nuance than ever, leaving business owners and executives to deal with ever growing threats to an already tight bottom line.  Studies show that the single most important factor in yacht industry growth and companies gaining market share is a positive customer experience.  One misstep in a deal can not only kill a single deal but oftentimes sours a customer from yachting altogether.  Competitors are left to find innovative ways to simplify the process and create a stress-free purchase experience to ensure customer satisfaction. 

A growing trend suggests that lawyers might be the edge needed to create efficiencies in companies and deals; identifying problems before they happen, often avoiding risky situations entirely and ultimately improving overall customer experience.  It's not hard to imagine that even the most experienced yacht businesses don't deal with a wide range of issues such as ownership, liability, tax, or charter as frequently as a seasoned attorney. 

The concept of a lawyer as counselor is not new and is already used as a tool by most, if not all, Fortune 500 companies and businesses across all industries employ attorneys as directors of operations, COO's, or general counsel.  The role is not limited to big business.  Smaller businesses use the same concept on a scaled down model, hiring outside counsel on a monthly retainer basis to provide daily advice.  Most recently the idea has been dusted off and refreshed in tech startups using lawyers as a sort of Swiss Army knife to smooth all manner of barriers to efficient business. 

Picking up on the trend, several yacht-based businesses have already hired in-house counsel or are employing yacht-specific outside counsel on a monthly basis to oversee all aspects of every deal that comes through the door and all other aspects of their business that can improve the bottom line.  Smoother deals and day to day business operation are resulting in better overall customer satisfaction and ultimately positive growth. 

Attorneys are responding to the demand by creating multiple, flexible programs to meet the needs of businesses of all sizes.  Andrew High, founding Partner at Luxury Law Group, says "employing an attorney doesn't necessarily mean a cost added to your business yet it is a guaranteed value added." The result is more deals are getting done faster and more efficiently than ever. 

Media contact:
Stephanie High
[email protected] 
954-224-5293

SOURCE Luxury Law Group

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