Why should hire outsourced general counsel for your business? Here I put 4 reasons that make you hire a GC. General counsel plays a vital role in ensuring a company functions within the scope of the law. Apart from assisting and guiding the management in general matters of legal compliance, other legal issues arise from time to time, which a general counsel is required to address. Topics which we talk about like Cost-Effective, Valuable Resource to the Company, Allows the Management to Focus on Core Business, Streamlines the Legal Functions of the Company and etc. For more info: https://readwrite.com/2019/12/13/reasons-to-outsource-general-counsel-services-for-business/
Reasons to Outsource General Counsel Services for Business
Reasons to
Outsource General
Counsel Services
for Business
Outsourced general counsel services or an in-
house general counsel is a crucial decision for an
organization.
The decision largely depends on the nature and size of the business, at
what stage of its evolution the company is in and how frequently general
counsel services are required. More importantly, is whether a business can
afford to have a full-time general counsel as legal advice is very expensive
these days.
4 Reasons why general counsel services
should be outsourced.
● General counsel plays a vital role in ensuring a company functions within
the scope of the law. Apart from assisting and guiding the management
in general matters of legal compliance, other legal issues arise from time
to time, which a general counsel is required to address.
1. Cost-Effective
●
Outsourcing general counsel services can be a cheaper option for some companies. For small and midsize companies, the volume of legal work
may not be that much to have a full-time legal employee.
● Companies can get the same level of legal experience and expertise by
outsourced general counsel services at a fraction of the cost they would
otherwise incur. It’s prudent to get outside general counsel services rather
than employ a general counsel attorney.
2. Valuable Resource to the Company
● A dedicated counsel who remains onsite to address and manage the legal
issues of a company will gradually and steadily develop a better
understanding of the intricacies of the business, a very useful resource for a
company, lawyer’s knowledge, understanding of the company’s operations
and help you to enhance.
● Having an outsourced general counsel as a go-to person for every legal
issue that may arise will encourage the attorney to go beyond the general
functions and provide enhanced services to the company.
3. Allows the Management to Focus on Core Business
● General legal matters like government compliance, contracts, human
resource management, etc., that were taken care of by this personnel can
now be managed more efficiently by the outsourced general counsel.
● Meaning crucial other personnel can perform the regular functions that
they have expertise in. They can now focus on the core business
operations with an uncluttered mind. The extra time available will result in
the more efficient functioning of the organization.
4. Streamlines the Legal Functions of the Company
● When there is a dedicated outsourced counsel, the legal functions get
organized. All routine legal work and even the more specific legal issues
are handled by the outsourced counsel.
● An outsourced lawyer won’t have the knowledge and expertise to handle
each and every legal issue that a company might be faced with. There
would be times when outside legal help would be required.
Contact Us
We are always happy to make valuable new contacts.
www.ahlawatassociates.com [email protected]
A-33, Lower Ground Floor,
011-41023400 Defence Colony,
New Delhi – 110024, India.
Comments