The Disadvantages of In-house Counsel
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.


