Reasons to Outsource General Counsel Services for Business

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Reasons to Outsource General Counsel Services for
Business
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Outsourced general counsel services or an
in-house general counsel is a crucial decision
for an organization.
The decision largely depends on the nature and
size of the business, at what stage of its
evolution the company is in and how frequently
general counsel services are required. More
importantly, is whether a business can afford to
have a full-time general counsel as legal advice
is very expensive these days.
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4 Reasons why general counsel services should be
outsourced.

• General counsel plays a vital role in ensuring a
  company functions within the scope of the law.
  Apart from assisting and guiding the management
  in general matters of legal compliance, other
  legal issues arise from time to time, which a
  general counsel is required to address.

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1. Cost-Effective

• Outsourcing general counsel services can be a
  cheaper option for some companies. For small and
  midsize companies, the volume of legal work may
  not be that much to have a full-time legal
  employee.
• Companies can get the same level of legal
  experience and expertise by outsourced general
  counsel services at a fraction of the cost they
  would otherwise incur. Its prudent to get
  outside general counsel services rather than
  employ a general counsel attorney.

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2. Valuable Resource to the Company

• A dedicated counsel who remains onsite to address
  and manage the legal issues of a company will
  gradually and steadily develop a better
  understanding of the intricacies of the business,
  a very useful resource for a company, lawyers
  knowledge, understanding of the companys
  operations and help you to enhance.
• Having an outsourced general counsel as a go-to
  person for every legal issue that may arise will
  encourage the attorney to go beyond the general
  functions and provide enhanced services to the
  company.

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3. Allows the Management to Focus on Core Business

• General legal matters like government compliance,
  contracts, human resource management, etc., that
  were taken care of by this personnel can now be
  managed more efficiently by the outsourced
  general counsel.
• Meaning crucial other personnel can perform the
  regular functions that they have expertise in.
  They can now focus on the core business
  operations with an uncluttered mind. The extra
  time available will result in the more efficient
  functioning of the organization.

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4. Streamlines the Legal Functions of the Company

• When there is a dedicated outsourced counsel, the
  legal functions get organized. All routine legal
  work and even the more specific legal issues are
  handled by the outsourced counsel.
• An outsourced lawyer wont have the knowledge and
  expertise to handle each and every legal issue
  that a company might be faced with. There would
  be times when outside legal help would be
  required.

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