Small business owners, are you tired of dealing with legal issues on your own or relying on overpriced outside counsel? Then it's time to consider hiring an in-house general counsel. With their legal expertise and quick response time, an in-house general counsel can provide expert legal advice, minimize the risk of legal issues, ensure compliance with applicable laws and regulations, and help make informed decisions that align with your business's overall strategy. Here are 7 reasons why you should hire an in-house general counsel today!
Legal Expertise: An in-house general counsel has specialized legal knowledge and experience that can benefit a small business. They can provide legal advice on a wide range of issues including contracts, employment law, intellectual property, and regulatory compliance, among others. This expertise helps to ensure that the business is operating within the bounds of the law and minimizes the risk of legal issues.
Cost-effective: Hiring an in-house general counsel can be more cost-effective than relying on outside counsel for all legal issues. An in-house general counsel may or may not be employed full-time, and as a result of their contractual obligation to you, can be more accessible and responsive to the needs of the business. The business also avoids the high hourly fees charged by outside counsel and can save money by avoiding legal fees associated with outside counsel's research and discovery process.
Confidentiality: An in-house general counsel has access to confidential information about the business and can keep this information confidential. This is particularly important for small businesses that may not have the resources to secure outside counsel who can maintain the same level of confidentiality.
Quick response time: An in-house general counsel is always available to provide immediate legal advice. This quick response time is essential in ensuring that the business can make informed decisions in a timely manner, reducing the risk of missed opportunities or legal problems.
Strategy Alignment: An in-house general counsel can provide legal guidance that aligns with the business's overall strategy and goals. They can ensure that legal decisions support the business's objectives, rather than hindering them. This level of alignment helps to ensure that the business is making informed decisions that are consistent with its goals.
Compliance: An in-house general counsel can help ensure that the business is in compliance with applicable laws and regulations. They can provide guidance on compliance with industry-specific regulations, and ensure that the business is adhering to all relevant laws and regulations.
Improved decision making: An in-house general counsel can provide informed legal advice that can help the business make better decisions. They can help the business understand the potential legal consequences of its actions and make recommendations that can minimize the risk of legal issues.
If you are in the market to hire an in-house general counsel for your small business, it is advisable to speak with an experienced attorney who has experience in these matters. As mentioned above, a seasoned small business attorney can can provide expert legal advice, minimize the risk of legal issues, ensure compliance with applicable laws and regulations, and help make informed decisions that align with your business's overall strategy.
If you are in need of legal representation or guidance, don't hesitate to reach out to our experienced team at Talented Tenth Law. Our attorneys have a wealth of knowledge in Small Business Law and are here to help you navigate your legal situation. Give us a call today at (754) 800-5291 or click here to schedule a consultation and discuss your options. Don't let legal issues slow down your business's growth. Hire an in-house general counsel today and take your business to the next level!