Here are 10 reasons why your business would need general counsel.
- A rapid increase in sales volume, new markets, broader geographic operations or complexity of commercial transactions and/or contractual negotiations.
- Your company is experiencing a rapid increase in personnel and needs to update its employment and contractor agreements, compensation packages and internal policies.
- One or more of your executives is overburdened because he or she is spending too much time managing legal issues and not enough time on their primary responsibilities.
- Your company does not have a streamlined method for analyzing and prioritizing the company’s legal risks based on the current state of the law and may be exposed to risks which are not within the knowledge or experience of the executive team.
- Your company is engaged in multiple financings and has a number of arm’s length investors who expect good governance practices including a comprehensive and company-specific plan to address major areas of legal risk.
- Your executives could use the assistance of an experienced resource who can help select the best external legal counsel for specialized matters and who can ensure that the legal spend meets budget and that matters are being handled efficiently and with care.
- Inefficiencies in bringing external legal counsel up to speed on new issues that arise daily compounded by slow turn-around times are putting some of your valuable commercial relationships at risk and impacting your reputation with your business partners as well as the opportunities for growth and development.
- During management or board meetings, you feel that you are missing the legal perspective on business issues or someone who can help brainstorm options for legally-compliant solutions to those business issues.
- You are looking for proactive ways to reduce your biggest legal liabilities across more than one area of law from someone who is familiar with your business.
- You are looking for a flexible service that provides support from a business-savvy legal advisor who can assist with strategic business planning and mission-critical decisions to support the company’s current growth as well as future goals.
The content contained in this bLAWg is intended to provide information about the subject matter and should not be interpreted as legal advice. if you would like further information or advice on any of the subjects discussed in this bLAWg, please contact our firm.