An Entrepreneur, Business and Transactional Law Leader.


At Ochroch Law Group, Attorney Marjorie Ochroch offers a full range of legal services over a wide array of industries, including medical devices, energy, non-profits, healthcare, and more.

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Your alternative to in-house counsel

We will get your company set-up, advise on business planning to ensure growth, protect individuals in anticipation of dissolution or transfer of ownership interests, and address all stages of a business life cycle.

Your new business enterprise is your most important asset. Protect that asset with legal advice on the best structure and strategies to ensure success.

Entrepreneurship

An Entrepreneur and Business Law Leader.

Inspired by her tenure as a Lecturer at the University of Pennsylvania’s School of Law, Small Business Clinic, Marjorie Ochroch decided to go out on her own in 2006. Her wide range of legal experience - at a big firm, small firm, in academia and as in-house counsel - uniquely positions her to best represent your business’s legal needs. Marjorie’s litigation background enhances her ability to anticipate and address problems when evaluating the long term needs of your company.


The Ochroch Law Group offers representation of mid-size businesses as fractional general counsel on a weekly basis. Our services include:


  • Reviewing corporate structure;
  • Providing guidance on corporate governance issues;
  • Ensuring that the corporate form is maintained;
  • Vetting directors and officers;
  • Maintaining accurate capitalization tables;
  • Negotiating contracts, leases, and the like;
  • Assisting with funding opportunities in the form of Subscription Agreements, and convertible or non-convertible notes;
  • Ensuring compliance with regulatory rules in the industry; and
  • Assisting on Advisory Board.


Whether starting a new business enterprise or managing an existing business, the Ochroch Law Group can help you navigate important legal decisions that will help position your business for success. In sharing an entrepreneurial vision with our clients, we assist with both short and long term planning, addressing the myriad legal issues which new and emerging businesses face.  

We pull our expertise from over 20 years of  experience to better serve your company. Always on the cutting edge, the Ochroch Law Group will provide creative solutions for your business’s legal needs. We offer an affordable, highly-effective alternative to in-house counsel. Our goal is a satisfied client. 

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Areas of Focus

Blog

July 17, 2024
Data privacy and security have become critical concerns for many industries, but none more so than the healthcare sector. With the sensitive nature of medical records and the increasing amount of data being stored and shared electronically, healthcare organizations must prioritize protecting patient information. The Importance of Data Privacy in Healthcare Data privacy in healthcare refers to the right of patients to control access to their personal health information (PHI). This information includes medical history, diagnostic results, treatment plans, and personal identification details. Ensuring data privacy is essential not only for protecting patients' rights but also for maintaining trust in the healthcare system. Privacy breaches can have severe consequences, including identity theft, discrimination, and damage to an individual's reputation. On top of that, healthcare providers may face legal repercussions and substantial fines if they fail to comply with privacy regulations such as the Health Insurance Portability and Accountability Act (HIPAA). Regulatory Frameworks Governing Data Privacy Healthcare providers in the United States are subject to stringent regulations designed to protect patient data. The most prominent of these is HIPAA, which sets national standards for the protection of PHI. HIPAA requires healthcare providers to implement administrative, physical, and technical safeguards to ensure the confidentiality, integrity, and security of electronic PHI (ePHI). In addition to HIPAA, healthcare organizations must also comply with other federal and state regulations, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act, which promotes the adoption of health information technology and strengthens HIPAA's enforcement provisions. Pennsylvania, for instance, has its own set of laws and regulations that healthcare providers must follow to ensure data privacy and security. Common Threats to Healthcare Data Security Healthcare data is a prime target for cybercriminals due to its high value on the black market. Some common threats to healthcare data security include: Ransomware Attacks: Ransomware is a type of malware that encrypts a victim's data, rendering it inaccessible until a ransom is paid. Healthcare organizations are particularly vulnerable to ransomware attacks because of the critical nature of the data they hold. Such attacks can disrupt healthcare services and put patients' lives at risk. Phishing Attacks: Phishing attacks involve cybercriminals sending fraudulent emails or messages to trick recipients into disclosing sensitive information, such as login credentials. These attacks can lead to unauthorized access to healthcare systems and data breaches. Insider Threats: Insider threats can come from employees, contractors, or other individuals with access to sensitive information. These threats can be intentional, such as data theft, or unintentional, such as accidental data leaks due to negligence. Weak Passwords and Authentication: Weak passwords and inadequate authentication measures can make it easy for unauthorized individuals to access healthcare systems. Implementing strong password policies and multi-factor authentication can help mitigate this risk.  Best Practices for Protecting Healthcare Data To safeguard patient information and comply with regulatory requirements, healthcare organizations should adopt the following best practices: Implement Robust Security Measures: Healthcare providers should invest in advanced security technologies, such as encryption, firewalls, and intrusion detection systems, to protect against cyber threats. Regular security assessments and vulnerability testing can help identify and address potential weaknesses. Educate and Train Staff: Employee training is critical for maintaining data security. Healthcare organizations should provide regular training on data privacy policies, security protocols, and how to recognize and respond to potential threats. Develop a Comprehensive Incident Response Plan: Having a well-defined incident response plan can help healthcare organizations respond quickly and effectively to data breaches. This plan should outline the steps to take in the event of a breach, including notifying affected individuals and regulatory authorities. Conduct Regular Audits and Compliance Checks: Regular audits and compliance checks can help ensure that healthcare organizations adhere to data privacy regulations and internal policies. These audits can also identify areas for improvement and help prevent future breaches. The Role of Legal Counsel in Data Privacy and Security Legal counsel plays a vital role in helping healthcare organizations manage data privacy and security regulations. A knowledgeable attorney can provide guidance on compliance with federal and state laws, assist with developing and implementing privacy policies, and offer support during data breach investigations. Contact Ochroch Law Today If you need assistance with data privacy and security matters, Ochroch Law can help. We provide the legal guidance you need to safeguard your healthcare data and ensure compliance with data privacy and security regulations. Our legal team can help you protect your patients' information and mitigate the risks associated with data breaches. Contact us today to learn more.
April 24, 2024
Clear and comprehensive employee handbooks play a critical role in the success and protection of businesses, large and small. An employee handbook is a vital document that outlines a company's policies, procedures, expectations, and legal obligations. Below, we detail just a few of the many benefits your business will derive from the creation of an employee handbook. If you have questions about how to get started or need guidance at any stage of the process, Ochroch Law can help. Communicates Expectations An employee handbook sets clear expectations for both employers and employees. It outlines policies related to attendance, work hours, dress code, behavior standards, and performance expectations. When employees understand what is expected of them, it promotes consistency and helps prevent misunderstandings or disputes. Legal Compliance Employee handbooks are essential for ensuring legal compliance with federal, state, and local employment laws. They can cover a range of legal topics such as anti-discrimination policies, equal employment opportunity guidelines, wage and hour laws, family and medical leave policies, and safety regulations. Staying compliant with these laws is crucial to avoid legal liabilities and potential lawsuits. Promotes Consistency Consistency in company policies is vital for maintaining fairness and equity among employees. An employee handbook provides a uniform set of guidelines that apply to everyone in the organization, reducing the risk of favoritism or inconsistent application of rules. Employee Rights and Benefits A well-drafted handbook informs employees about their rights, benefits, and entitlements. This includes information on health insurance, retirement plans, paid time off, sick leave, and other perks. Clarity about these benefits can enhance employee satisfaction and retention. Guidance for Managers and Supervisors Employee handbooks are valuable tools for managers and supervisors. They provide guidance on handling employee issues, disciplinary actions, and workplace conflicts consistently and in accordance with company policies and legal requirements. Risk Management By addressing potential workplace issues upfront, employee handbooks can help mitigate risks and prevent disputes or litigation. For instance, policies on harassment prevention, safety protocols, and confidentiality guidelines can protect both employees and the business. Onboarding and Training An employee handbook is an integral part of the onboarding process for new hires. It introduces them to the company culture, values, and expectations right from the start. It can also serve as a reference tool for ongoing training and development. Customization and Flexibility Employee handbooks can be customized to reflect the unique needs and culture of your business. They can be updated periodically to adapt to changing laws, regulations, or company policies, ensuring they remain relevant and effective. Ochroch Law — Your Trusted Small Business Law Firm Every business, regardless of size, should invest in developing and maintaining a comprehensive employee handbook. Not only does it establish clear guidelines and promote a positive work environment, but it also protects the interests of both employers and employees. If you need assistance with drafting or updating your employee handbook to align with Pennsylvania employment laws, Ochroch Law is here to help. Contact us today for a consultation and to learn more.
February 12, 2024
Small businesses face a myriad of legal challenges that can impact their operations, growth, and long-term success. From contract negotiations and regulatory compliance to employment disputes and intellectual property issues, managing the legal intricacies of running a business can be overwhelming, especially for companies without in-house legal expertise. That's where fractional general counsel comes in. At Ochroch Law, we specialize in providing fractional general counsel services to small businesses in Pennsylvania and beyond. Read on to discover why every business needs fractional general counsel and how it can benefit your company. Expert Guidance Without the Overhead Fractional general counsel offers small businesses access to experienced legal professionals on a part-time or as-needed basis, providing expert guidance without the cost of hiring a full-time in-house attorney. This allows businesses to navigate complex legal issues while keeping overhead costs in check. Tailored Legal Solutions Every business is unique, with its own set of legal challenges and priorities. Fractional general counsel services are tailored to the specific needs of each client, providing personalized legal solutions that address the unique challenges and goals of the business. Whether it's drafting contracts, reviewing lease agreements, or advising on compliance matters, fractional general counsel can provide comprehensive legal support tailored to your business needs. Proactive Risk Management Prevention is often the best defense when it comes to legal issues. Fractional general counsel can help businesses identify and mitigate potential risks before they escalate into costly legal disputes. By proactively addressing legal issues and implementing sound legal strategies, businesses can minimize their exposure to liability and protect their interests. Strategic Legal Partner Fractional general counsel serves as a strategic legal partner to small businesses, providing ongoing guidance and support to help businesses handle legal challenges and seize opportunities for growth. Whether it's negotiating deals, resolving disputes, or protecting intellectual property rights, fractional general counsel acts as an extension of the business, working closely with stakeholders to achieve strategic objectives. Cost-Effective Legal Solutions Hiring a full-time in-house attorney can be cost-prohibitive for many small businesses, especially startups and emerging companies with limited resources. Fractional general counsel offers a cost-effective alternative, allowing businesses to access the legal expertise they need on a flexible basis, without the commitment of hiring a full-time employee. Contact Ochroch Law Today Fractional general counsel offers small businesses the opportunity to access personalized legal guidance and solutions, and proactive risk management without the overhead costs of hiring a full-time in-house attorney. Marjorie Ochroch is committed to providing high-quality legal services that fit within the budget of most small and medium-sized businesses. Contact Ochroch Law today for more information on how fractional general counsel can benefit your business and to schedule a consultation.
December 21, 2023
The success and sustainability of any small business requires an understanding of the legal aspects of running the business, including addressing any legal issues that arise. However, in the fast-paced world of small business, having a dedicated legal advisor might seem like a luxury that only larger corporations can afford. If you’re unfamiliar with fractional general counsel services, let us introduce you to the concept. This cost-effective approach allows businesses to access the expertise of seasoned legal professionals without the financial burden of hiring a full-time, in-house attorney. Fractional general counsel provides small businesses with on-demand legal support, ensuring that they have timely and strategic advice when needed. These legal professionals become familiar with the intricacies of the business, its industry, and specific legal challenges it may face. By understanding the unique context of the business, fractional general counsel can proactively identify and address potential legal issues, helping small businesses stay compliant and avoid common pitfalls. Top Legal Mistakes for Small Businesses In this article, we will shed light on common legal pitfalls that small businesses frequently encounter and provide insights on how to avoid them. At Ochroch Law, our fractional general counsel services can help you establish a solid legal foundation, avoid unnecessary legal issues, and proactively address any legal issues that arise. Incomplete or Neglected Business Structure Choosing the right structure and the most beneficial place in which to register your business, provides the foundation in establishing your entity and involves many important considerations. Many small businesses make the mistake of either rushing this decision or neglecting it altogether. Ochroch Law recommends a thorough evaluation of the company’s options such as whether to operate as sole proprietorship, or register as a limited liability company, partnership, or corporation. This ensures alignment with the business's future goals and legal obligations. Poorly Drafted Contracts Contracts are the backbone of business relationships, and poorly drafted or generic contracts can lead to disputes and legal headaches. Do not underestimate the importance of customized, well-drafted contracts that clearly outline the rights and responsibilities of all parties involved. This includes agreements with clients, vendors, employees, and any other business partners. Non-Compliance with Employment Laws Employment laws are intricate, and non-compliance can result in severe consequences. Small businesses often make the mistake of overlooking employment regulations. At Ochroch Law, we advise businesses and keep client’s informed about federal and state labor laws, including wage and hour regulations, discrimination laws, and workplace safety standards, avoiding legal troubles and ensuring a fair and lawful work environment. Neglecting Intellectual Property Protection Protecting intellectual property is crucial for businesses relying on unique ideas, branding, or inventions. We cannot overemphasize the importance of patenting original works, trademarking logos, business names, and any unique products or services. Failing to secure intellectual property rights can lead to legal battles and potential loss of business assets. Inadequate Record-Keeping Accurate and organized record-keeping is not only good business practice but also essential for legal compliance. Small businesses often neglect proper bookkeeping, which can lead to issues with tax authorities and regulatory bodies. It is in your best interest to implement efficient record-keeping systems to ensure transparency, facilitate audits, and prevent legal complications. Ignoring Cybersecurity and Data Protection In the digital age, small businesses are vulnerable to cyber threats and data breaches, and there are myriad legal implications of neglecting cybersecurity and data protection measures. Small businesses should invest in secure IT infrastructure, implement data protection policies, and stay compliant with privacy regulations to safeguard sensitive information and maintain customer trust. Contact Ochroch Law Today At Ochroch Law, we understand the challenges that small businesses face in managing legal requirements and regulations. Being proactive and seeking legal advice from the beginning, businesses can avoid these common legal mistakes and establish a solid foundation for growth, mitigating the risk of legal disputes. Early guidance can save you time, money, and headaches down the road. With fractional general counsel, you can have an “in-house attorney” at a fraction of the cost. Contact Ochroch Law for personalized legal solutions and to learn more.
October 30, 2023
Amidst the enthusiasm and creative energy involved in starting a new business, it's critical not to overlook the essential legal considerations that can greatly impact the success and longevity of your startup. Read on to explore some of the key legal aspects every startup should consider, and why seeking professional legal guidance is essential for your business's success. Business Structure One of the first decisions you'll make as a startup founder is selecting the right business structure, and this decision is akin to laying the cornerstone of your legal and financial foundation. Choices such as sole proprietorship, partnership, limited liability company (LLC), or corporation have significant legal and financial implications. Your chosen structure not only affects personal liability, tax obligations, and governance but also sets the trajectory for your business's growth and potential access to funding and partnerships, making it a pivotal choice in your entrepreneurial journey. Intellectual Property Protecting your intellectual property is not just a legal formality; it's a crucial step in safeguarding your creative assets in today's fiercely competitive business landscape. Whether your startup has a unique product, innovative technology, or a catchy brand name, securing patents, trademarks, and copyrights can serve as a shield against unauthorized use and replication. The legal team at Ochroch Law, well-versed in the nuances of intellectual property law, can guide you through the process of registering and enforcing your intellectual property rights, ensuring that your startup's innovations remain your exclusive assets and a valuable competitive edge. Contracts and Agreements Contracts are the backbone of business relationships, and for startups, crafting well-drafted contracts and agreements is not just a matter of legality; it's a strategic imperative. These documents play a pivotal role in outlining the terms and expectations that govern your interactions with customers, suppliers, partners, and employees. Effective contracts provide clarity, mitigate risks, include provisions for dispute resolution, are adaptable, and are customized to fit the specific needs and goals of your startup. Compliance and Regulations Startups must navigate a complex web of federal, state, and local regulations. These regulations cover a wide range of areas, including business licensing, permits, environmental laws, and industry-specific requirements. Failing to comply with these regulations can result in costly fines, legal troubles, and even the closure of your business. Federal regulations can include tax laws, labor and employment regulations, and industry-specific compliance standards. State regulations may encompass business registration and licensing, zoning laws, and sales tax. Local regulations may address building permits, health and safety codes, and more. Employment and Labor Law As your business grows, you'll likely need to hire employees to support your expanding operations. Employment law encompasses a broad spectrum of critical issues, including wage and hour laws, non-discrimination policies, and workplace safety regulations. Understanding and adhering to these laws is not only necessary for avoiding legal disputes and potential liabilities but also for creating a healthy and productive work environment that fosters employee satisfaction and retention. Dispute Resolution Even with the best-laid plans, disputes can unexpectedly arise in the world of business. Having a well-structured legal strategy in place for dispute resolution is not just a prudent measure; it's a lifeline that can save you valuable time and resources while maintaining the stability of your business. Ochroch Law's experienced legal team can help you explore mediation, arbitration, or litigation options, and with our guidance, you can confidently choose the best course of action to swiftly and effectively resolve conflicts, ensuring that your startup's focus remains on its core mission and growth. Contact Ochroch Law Today Startups often underestimate the importance of legal considerations in their early stages. However, these considerations can significantly impact your business's success and longevity. Seeking experienced legal counsel can help you navigate the complexities of business law and ensure that your startup is built on a solid legal foundation. Contact Ochroch Law today to schedule a consultation and secure your business's future.
September 17, 2023
Contracts are the backbone of business transactions, providing the legal framework for agreements and obligations. For small business owners in Pennsylvania, understanding contracts is essential to safeguarding your interests and ensuring smooth operations. If you’re a small business owner, read on to explore key tips to help you navigate contracts effectively. And don't hesitate to reach out to the experienced small business team at Ochroch Law for further guidance. Clearly Define the Parties and Terms One of the fundamental aspects of any contract is clearly identifying who the parties involved are and outlining the terms of the agreement. This includes specifying what each party is expected to provide, as well as the timeline and scope of the project. Details on deliverables should be unambiguous and well-defined to avoid potential disputes down the line. Put It in Writing Beware of verbal agreements, written contracts provide a higher level of legal protection and clarity. Written contracts help avoid misunderstandings by documenting the terms explicitly. This is especially crucial in complex business transactions or when dealing with valuable assets. Seek Professional Legal Review Before signing any contract, it's wise to have a legal professional review it. Ochroch Law can help you identify potential pitfalls, vague language, or unfavorable terms that might be hidden within the contract. Be Wary of Standard Templates While templates can be convenient, they often fail to fully address the unique aspects of your business arrangement. Contracts should be tailored to your specific needs and circumstances. A skilled attorney can help customize contracts to ensure they align with your business goals and offer the protection you require. Boiler plate Agreements frequently include clauses that specify the rights and responsibilities of each party. These clauses can affect your substantive rights, including obligations of confidentiality, non-competion, dispute resolution and damages. Its important to seek advice of counsel if you do not fully understand these clauses before signing. Consider Potential Risks Evaluate the potential risks and consequences of the contract before agreeing to its terms. What happens if one party doesn't fulfill their obligations? What remedies are available? Seeking an attorney's advice to anticipate and address these scenarios can save you from costly disputes later on. Negotiate With Confidence Don't be afraid to negotiate terms that don't align with your best interests. Marjorie Ochroch can work on your behalf to negotiate contract terms, ensuring you're not locked into unfavorable arrangements. Include a Termination Clause Unforeseen circumstances can sometimes make it necessary to end a contract early. Including a termination clause that outlines the conditions under which the contract can be terminated can protect you in case situations change. Keep Records Maintain a record of all communications, drafts, and versions of the contract exchanged between the parties. This documentation can be invaluable if a dispute arises and you need to demonstrate the evolution of the agreement. Contact a Pennsylvania Small Business Attorney Today Effective contracts are critical to successful business relationships. As a small business owner in Pennsylvania, understanding the intricacies of these contracts is essential. Your business deserves the support of experienced legal professionals who truly understand your needs. Ochroch Law will help you navigate contracts with confidence, protect your interests, and ensure the success of your business endeavors. Contact Marjorie Ochroch today for a confidential consultation and to learn more.
July 18, 2023
As an entrepreneur, one of the most critical aspects of growing your small business is securing funding. Whether you're just starting or looking to expand, raising money is a significant milestone that can pave the way for your business's success. But navigating the world of fundraising can be complex and overwhelming. To ensure you make well-informed decisions, here are 8 essential questions to ask when raising money for your small business: 1. What are my funding needs and goals? Start by assessing your business's specific funding requirements. Are you seeking capital for startup costs, operational expenses, or expansion plans? Determine the exact amount you need and set clear goals for how you intend to utilize the funds. Having a well-defined strategy will not only impress potential investors but also help you stay focused on your business objectives. 2. What type of funding is right for my business? Explore the various funding options available to small businesses. These may include bootstrapping, angel investors, venture capital, loans, crowdfunding, or grants. Each option comes with its advantages and disadvantages, and it's essential to choose the one that aligns with your business model and long-term vision. 3. How will fundraising impact my ownership and control? Raising external capital often means giving up a portion of ownership and control of your business. Consider how much equity or control you are comfortable parting with and ensure the terms of the funding align with your vision for the company's future. 4. What is my business valuation? Understanding your business's value is crucial when negotiating with potential investors. Conduct a thorough valuation that takes into account your financials, assets, market potential, and industry trends. A realistic and well-substantiated valuation will instill confidence in investors and provide a solid foundation for negotiations. 5. How do I present my business to potential investors? Crafting a compelling pitch is essential for attracting investors. Clearly communicate your business's unique value proposition, growth potential, and the problem it solves in the market. Back your claims with data, customer testimonials, and a well-thought-out business plan. Practice your pitch to exude confidence and passion when presenting your business to potential investors. 6. What legal and regulatory requirements should I be aware of? Before seeking funding, familiarize yourself with the legal and regulatory aspects of fundraising. Depending on the funding type and amount, you may need to comply with specific securities laws, disclosure requirements, and investor protections. Engaging a law firm like Ochroch Law can be invaluable in navigating these complexities and ensuring compliance. 7. How will fundraising impact my business's financials? Carefully assess the financial implications of raising money for your small business. Understand the cost of capital and how it will affect your bottom line, cash flow, and overall financial health. A thorough financial analysis will help you make informed decisions that support your business's long-term sustainability. 8. How can I build and maintain investor relationships? Securing funding is just the beginning. Building strong relationships with investors is vital for ongoing support and potential future funding rounds. Communicate regularly with your investors, provide updates on the business's progress, and be transparent about challenges and opportunities. Contact Ochroch Law Today Raising money for your small business is a significant undertaking that requires careful planning and preparation. Surround yourself with experienced advisors, who can offer expert guidance and support throughout the fundraising process. Contact Marjorie Ochroch at Ochroch Law for help defining a clear strategy and crafting a compelling pitch today.
June 28, 2023
Legal fees can be a significant financial burden, and in some cases, they can even outweigh the potential benefits of legal action. For individuals and businesses alike, finding ways to control legal expenses can be essential to protecting their interests and maintaining financial stability. Fortunately, there are several strategies that can help to reduce the costs associated with legal services without sacrificing quality or effectiveness. This is especially true for small to medium-size businesses. By being proactive and strategic in your approach, you can maximize the value of your legal representation and manage costs more effectively. Key Ways to Manage Legal Fees and Expenses Understand the fee structure: Before hiring a lawyer, make sure you understand their fee structure, such as whether they charge hourly rates or flat fees. Try to negotiate a fee arrangement that is transparent and fair, and avoid surprises by asking for regular updates on costs. Define the scope of legal work: Clearly define the scope of legal work required and agree on specific goals or outcomes with your lawyer. This can help to prevent unnecessary work and avoid escalating costs. Be organized and prepared: Develop a system for organizing and sharing relevant documents and information with your lawyer, such as using cloud storage services or electronic document management systems. This can help to streamline communication and reduce the time and costs associated with searching for information. Shop around for legal services: Don't be afraid to shop around for legal services and compare the prices and reputations of different lawyers and law firms. Look for lawyers who have experience in your specific legal issue and who offer transparent pricing and communication. Negotiate on fees: Where possible, try to negotiate with your lawyer to reduce legal fees. This could include negotiating hourly rates or asking for discounts based on factors like bulk work or referral business. Be proactive and responsive: Respond promptly when your lawyer requests information or needs input from you. This can help to prevent delays and additional costs associated with waiting for responses or clarifications. Consider general fractional counsel: Quite possibly the best way for a business owner to manage legal fees and expenses is to choose general fractional counsel (GFC) over in-house counsel. A GFC attorney provides ongoing legal advice and support on a fractional basis, typically for a set number of hours per week or month. This allows businesses to control their legal costs while still having access to a dedicated attorney who understands their business and legal needs. Contact Ochroch Law Today Serving Montgomery County and the Greater Philadelphia area, Marjorie Ochroch and the Ochroch Law Group offer a full range of legal services over a wide array of industries, including medical devices, energy, non-profits, healthcare, and more. Contact us today for a confidential consultation and to learn more.
April 4, 2023
Business owners are frequently faced with the decision of whether or not to hire a full-time attorney as in-house counsel. Many believe that it’s an either/or decision: either we have a full-time lawyer on staff or we outsource everything. But the reality is, many companies with in-house counsel still outsource specialized matters. Furthermore, in-house counsel can be extremely expensive. Companies often hire in-house counsel to avoid paying outside firms for each and every legal matter that arises. However, the cost of hiring a full-time lawyer can be extremely expensive. In fact, it’s often significantly more expensive than the alternative. And that’s not the only downside to in-house counsel. There are several potential disadvantages of in-house counsel, which include: Limited perspective: In-house counsel may be focused solely on the legal needs of their company and may not have exposure to the broader legal issues and developments in the industry or other areas. Cost: Maintaining a team of in-house counsel can be expensive, especially for smaller companies or those with limited legal needs. Bias: In-house counsel may be influenced by the interests of their employer, which can create a conflict of interest or bias in their legal advice. Limited expertise: In-house counsel may have expertise in certain areas of law but may not have the same depth and breadth of knowledge as outside counsel who specialize in specific areas of law. Risk of burnout: In-house counsel may be called upon to handle a wide variety of legal issues, which can be stressful and lead to burnout over time. Limited resources: In-house counsel may have limited resources, such as access to legal research tools, which can impact their ability to provide comprehensive legal advice. Lack of independence: In-house counsel may be seen as part of the company's management team, which can create conflicts of interest or perceptions of bias among external stakeholders, such as regulators or investors. An Alternative to In-house Counsel Fortunately, there are more than two options when it comes to deciding whether to hire in-house counsel or call a lawyer every time a legal issue crops up. It’s called Fractional General Counsel, and it offers a happy medium between the two. Fractional general counsel is a lawyer who works with your business part time, as an independent contractor. Although your fractional general counsel may have multiple clients, they dedicate a specified number of hours to your business on a monthly basis. Contact Ochroch Law for Fractional General Counsel in Philadelphia and the Surrounding Areas With fractional general counsel, you get customized legal services at a price you can afford, an attorney who understands your business goals and objectives, ongoing legal advice, and easy access to counsel when important legal questions arise or in the event of an emergency. You can get all of this and more at Ochroch Law. Call Marjorie Ochroch today for a confidential consultation and to learn how fractional general counsel can benefit your business.
February 28, 2023
Small businesses and startups can derive immense benefit from fractional general counsel programs. The economic reality is few startups and small businesses have the resources to hire an in-house attorney, or want to budget for full time legal help; but the value of having legal counsel at the ready cannot be overstated. This is where fractional general counsel brings value. Fractional counsel provides your startup with competent legal counsel whenever you need it. With an affordable monthly-fee structure, the business can budget for legal services and seek counsel on an as needed basis. This type of arrangement provides an in-house counsel feel without the cost. It creates a high trust relationship and easy access to a competent attorney who knows your business intimately. The Problem with Billable Hours Many small companies and startups are hesitant to call an attorney when legal needs arise because of the billable hour structure. A real concern is thousands of dollars in legal fees without certainty that the benefit is worth the cost. As a result, in a critical situation, businesses often wait too long or try to manage the problem themselves without expert advice. This typically results in excessive legal costs and some level of irreparable damage. Fractional general counsel addresses this problem by eliminating the client’s reluctance to seek legal counsel when needed. Your attorney can customize her approach to your business’s unique needs and budget, and you can feel comfortable seeking counsel whenever the need arises. Legal Counsel Tailored to Your Unique Needs Fractional general counsel is not one size fits all. At the Ochroch Law Group, Marjorie Ochroch develops a suite of services specific to the legal needs of your small business or startup on an as-needed or on-demand basis. Marjorie also provides flexibility in addressing each client’s budget. Together, she and the client can forecast the budget for legal needs and prioritize growth-focused spending to ensure that the business is simultaneously protected and positioned for sustainable growth. This is particularly important for startups, for which budgets and long-term projections can be a challenge, especially during the first few years. Fractional general counsel provides a flexible and affordable monthly subscription structure that allows startups to budget for competent legal services, from an attorney who knows their business intimately. This enables startups to focus on operations rather than legal and compliance matters, which can drain a startup of the time and resources needed to innovate and scale. Contact The Ochroch Law Group Today Attorney Marjorie Ochroch offers representation to small and mid-size businesses as fractional general counsel on a weekly basis. Whether you are starting a new business or managing an existing one, the Ochroch Law Group can help you navigate important legal decisions and position your business for success. Contact Marjorie Ochroch today for a confidential consultation and to learn more.
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