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:
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.
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.
marjorie@ochrochlaw.com
Serving Montgomery County and the Greater Philadelphia Area