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Fractional General Counsel Services For Business

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Legal assistance is vital for running a business. However, the high cost involved in hiring general counsel attorneys acts as a deterrent to many small enterprises. These organizations can engage professional fractional general counsel services to get legal guidance. – PowerPoint PPT presentation

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Title: Fractional General Counsel Services For Business


1
Fractional General Counsel Services For Business
2
What Is A Fractional General Counsel?
Fractional general counsels are external
professionals who provide legal assistance to a
business. While they will discharge a ll the
duties an inhouse attorney would have shouldered,
they will not be permanent employees of the
company.
Small firms outsource their legal work to
individuals or firms at a fixed rate. Both sides
work out an arrangement where the professi onal
will provide the services for a specified time
period. Usually, agencies allot a specified
number of hours to companies and if an y
additional time is needed, the client pays at a
predecided hourly rate. Such services are
extremely beneficial for small firms in large and
vibrant economies like India. In fact, many
start-up lawyers in India take up outsourced
in-house assignments.
3
Advantages Of Hiring Fractional General Counsel
Services
1. Cost-effective Method
It is a much more costeffective method than
hiring a permanent general counsel lawyer. An
inhouse professional will charge a hefty salary
besides a host of other employee benefits. This
can put a strain on the finances of small firms
which are looking to utilize every cent to speed
up th eir growth. Instead of hiring cheap but
inexperienced firms, businesses must outsource
their work to reputed agencies. They will get
highquality and efficient services at much lower
prices.
4
Advantages Of Hiring Fractional General Counsel
Services
2. Benefit Of Increased Flexibility
Hiring fractional general counsel services allows
companies to be flexible as they do not have to
make any long-term commitments to an
individual. In case, a firm is unhappy with the
services of an in-house attorney, they will have
to follow the specified legal steps to terminate
the individuals employment. However, outsourcing
frees them of such hassles. They can easily end
the contract with a n external professional or
agency by invoking the relevant clause in the
agreement.
5
Advantages Of Hiring Fractional General Counsel
Services
3. Allows Owners To Focus On The Business Legal
issues can be extremely complicated and
time-consuming affairs. In absence of legal
guidance, business owner s along with the top
executives will have to shoulder the responsi
bilities. No matter how accomplished they may be,
they are not tra ined to tackle such
issues. Their core competency lies in executing
business tasks. Delegating work to professional
firms will take the burden off their shoulders.
They can concentrate their energies towards
managing the ente rprise and improving its
performance.
6
Advantages Of Hiring Fractional General Counsel
Services
  • 4. Provides Access To Professional Advice On A
    Range Of Issues
  • A business requires assistance in a range of
    issues like intellectual property, employment,
    compliance regulation, and litigation.
  • A general counsel lawyer possesses good knowledge
    in all these areas but even she has to rely on
    specialists to handle complex issues. Hiring
    legal firms will give businesses access to
    extensive
  • advice in all practice areas.

7
Advantages Of Hiring Fractional General Counsel
Services
5. Ensures Compliance With Legal
Regulations One of the most important reasons
for which businesse s hire lawyers is compliance
regulation. Just like in- house counsel, outside
agencies will identify all applicable
regulations and ensure the company complies with
a ll of them. Law firms draw a blueprint for
clients so that they fulfill all conditions
before the deadlines. This saves them from any
kind of penal action.
8
Contact Us Ahlawat Associates USA ( Remote
Office ) 2372 Morse Ave. Ste.Irvine,CA
92614. Email admin_at_ahlawatasscociates.in Phone
No 011-41023400 URLhttps//www.ahlawatassociates
.com/general-counsel-services-in-house-legal-servi
ces/
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