Ask Howard Treesong About Law or Lawyering

[SlowHabit]

Howard,

I am researching on the logistics of opening an investment adviser firm. How important is a "legal counsel?" The firm will probably needs a legal counsel to draft up a client/adviser agreement [similar to this http://www.evergreenfinancialadvisor...greement.pdf].
A person can write an agreement similar to that but it wouldn't be too smart to not have a lawyer.

Thanks!