5 Essential Benefits of Outsourcing General Counsel for New Jersey-based Companies
Whether you operate a small business or manage a large corporation, a time will come when you need legal representation and counsel to protect your company and to stay in compliance with regulatory requirements. Outside legal counsel can provide you with the legal advice and representation you need to manage all types of issues, both large and small, that can arise during the ordinary operations of your business. This is especially useful for smaller businesses that cannot maintain an in-house legal team as a matter of course. Here are five important reasons to establish a relationship with outside legal counsel for your small business.
Rather than maintaining an on-staff legal team, your outside legal counsel can be employed on an as-needed basis. This can allow your company to manage legal issues much more efficiently without taking on the costs of maintaining a full-time legal team. By allowing you the flexibility to access legal services as you need them, outside legal counsel can provide you with added help in managing issues as they arise and acting quickly to address them.
Improved Cost Control
One of the most important benefits of building a relationship with outside counsel is the ability to keep your legal costs under control. By paying for legal representation and advice only when you need it, you can manage your financial situation much more efficiently. This can add up to significant savings for your company and added help in managing the cost of legal counsel now and in the future.
Creating a long-term working relationship with a firm that offers outside legal counsel can take some of the guesswork out what to do when legal issues arise for your business. When these problems come up, you can call on your outside legal counsel to provide you with practical guidance, support and advice that will help you navigate issues in the best and most practical ways possible. This can add up to faster response times and the most effective compliance with all regulatory requirements for your business operations.
Keeping in touch with your outside legal counsel can also allow you to stay in full compliance with all regulations and legal requirements of your business operations. Your legal team can provide you with the necessary insights into the laws and restrictions that apply to your company. This can help you stay on the right side of regulatory agencies and can ensure that you keep all relevant records for the appropriate and required length of time.
An Objective Perspective
Over time, your established outside general counsel will build a working knowledge of your business. This will allow you to enjoy the advantages of an outside perspective on your operations and will provide you with another perspective on the internal workings of your company. Your outside legal counsel will be able to provide you with actionable insights that can help you operate your business more effectively within the limits of the law.
At the Di Lauri & Hewitt Law Group, we offer outside legal counsel services for our clients that can help your business manage its legal affairs more efficiently and effectively. Our depth of experience in business law allows us to provide the counsel and advice you need when you need it most. Call us today at 973-343-5736 to touch base with our team. At Di Lauri & Hewitt Law Group, we are here for you.