Running a business legally in Thailand requires compliance with various regulations and processes. It is essential to register the business with the Department of Business Development, obtain necessary licenses and permits, adhere to tax obligations, and ensure compliance with labor laws and regulations. One of the major problems for businesses in Thailand is the relative uncertainty, limitations on foreign ownership, and bureaucracy. Another major concern for businesses is the cost factor, especially in cases involving litigation and dispute resolution, where there is a likelihood of substantial uncertainty. Engaging legal professionals and consultants with expertise in Thai corporate law can help navigate the legal landscape and ensure compliance with all necessary legal requirements.
LAFS Legal is a boutique law firm with lawyers in Bangkok dedicated to providing elegant, comprehensive and costeffective legal solutions to businesses and expatriates in Thailand. The company’s core team comprises seasoned experts, boasting extensive experience at senior levels within renowned law firms, and enjoying well-established reputations. Collectively, they possess an impressive and verifiable record of delivering successful outcomes for clients across various sectors and practice areas. Leveraging their accumulated wisdom and expertise, the team continuously strives to develop innovative and efficient approaches, offering smarter solutions to challenges and effectively meeting the diverse needs of their clients.
“With our deep understanding of local and international business environments and expertise in multiple legal jurisdictions, we are well-equipped to identify opportunities for achieving favorable outcomes while minimizing the risk of lengthy and expensive legal proceedings for our clients, whenever possible”, states Sirichot Chaiyachot, Partner and Co-Founder at LAFS Legal.
Unparalleled Expertise and Experience
LAFS was founded with a clear objective: to provide clients with exceptional services by leveraging a small team of highly skilled lawyers who bring extensive experience from prominent law firms, all at competitive rates. This goal is achieved through a lean and scalable business model that eliminates unnecessary overhead and rigid top-down management structures, prioritizing the best interests of clients and their businesses. LAFS has successfully cultivated strong partnerships with legal professionals based in major global jurisdictions, while its core team benefits from the stability of long-standing collaboration and a proven track record of delivering successful outcomes.
LAFS specializes in a wide range of practice areas, including domestic and international private and commercial transactions, property and conveyancing matters, succession and estate planning, litigation and dispute resolution, as well as contract drafting and negotiation. Amidst a highly competitive market with numerous providers offering similar services, the firm distinguishes itself through its unique service approach. Their driving force lies in their prime directive, which is to offer unparalleled expertise at a more affordable cost, while upholding core values of ethical, professional, transparent, and integrity-driven service delivery.
The core of LAFS’ approach centers around the client relationships they have cultivated. These relationships are built upon a genuine commitment to assisting their clients in growth and success. As a team of seasoned professionals, the company firmly believes that the strength of these relationships will ultimately drive the success of our their projects in the long run. The confidence and trust their clients have placed in them has been instrumental in fostering these enduring partnerships. With our deep understanding of local and international business environments and expertise in multiple legal jurisdictions, we are well-equipped to identify opportunities for achieving favorable outcomes
The Client-centric Approach
Having a clear understanding of a client’s specific requirements and effectively communicating them is crucial for establishing a successful relationship from the outset. It is essential to address this matter early on to avoid any potential misalignment of expectations or misunderstandings that could quickly disrupt the professional relationship.
Before proceeding with engagement, a pre-screening process will be conducted to assess whether the client’s needs align with the company’s expertise, experience, practice areas, and expected costs. This process includes conducting a conflict check and evaluating compatibility.
Next, LAFS’ team will delve into a detailed discussion regarding the client’s requirements. For straightforward matters, they will promptly move forward with the formal engagement process. However, for more complex cases, the team may suggest limited engagement for preliminary advice. This approach allows both parties to thoroughly understand the matter and establish the scope of work before undertaking any substantive tasks.
Formal engagement entails creating a letter of engagement that outlines the scope of work, fee agreement, and conditions. At this stage, the team at LAFS ensures that the client fully comprehends the implications, details, and requirements of the fee arrangement, the anticipated timeline for completion, the responsible individuals within their firm, and establishes clear expectations from both sides.
Once the services have been provided or the matter is concluded, they will proceed with closing the file. Unless the client requests otherwise, the team will ask them to accept the return of the physical file. However, if needed, LAFS can retain the file for a predetermined period of time. Regardless, LAFS will maintain an electronic copy of the file for a period of 10 years.
Carving the Road Ahead
LAFS, like many others, has aspirations for growth and advancement. However, it is committed to expanding and evolving strictly within the confines of its established business model, without compromising its fundamental principles. The company’s approach is built on adaptability and scalability, and it remains aware of and sensitive to the potential pitfalls of excessive overhead and unnecessary infrastructure. The company will continue to refine and expand its operations, but only if it aligns with its strategic objectives, ensures long-term commercial viability, upholds its underlying philosophy and core values, and serves the best interests of its clients.
Sirichot Chaiyachot, Partner & Co-Founder
A seasoned lawyer and notarial services attorney with 14+ years of experience in providing exceptional legal services to a variety of clients.
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