Avoid Business Liability: Corporate Governance Secrets Revealed

18 Jun 2026 · 1 min

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In this segment, a legal professional warns that neglecting corporate governance requirements can expose businesses and their leaders to personal and corporate liability. The speaker highlights a common client misconception that high legal fees are unavoidable, especially from large AMLaw 50/100 firms. By sharing examples of clients who felt overcharged and underserved by big firms, the speaker demonstrates that sophisticated legal counsel of comparable quality is available from midsize Midwest firms at lower, regionally appropriate fees. This value proposition has been the cornerstone of the speaker’s practice development, attracting clients burned by larger firms and encouraging them to shift their work to more cost‑effective, yet high‑quality, counsel.

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You can do everything, do all the legal gymnastics, but you don't follow the corporate requirements, you can definitely open yourself up to liability, whether it be personal or otherwise. So just making them understand that and make sure they follow proper corporate governance. For my bigger clients, I think their biggest exposure is they've been kind of trained that, you know, they have to pay the high fees. I have good examples in which clients of mine I got from being burned from larger firms. Mm-hmm. They start to see that, hey, you know, I can get the same quality, high sophisticated legal counsel here in the Midwest and pay Midwest fees as opposed to going to some of the larger firms, AMLAW 50, AMLAW 100. So I think, you know, once they they kind of get in that cadence, they're more than happy to switch the work over. And that's, that's been kind of my— how I built my practice over the years.