Every business, whether a mom-and-pop shop or a Fortune 500 megacorporation, needs the help of a lawyer at one time or another. Larger corporations usually keep a team of legal eagles on staff to take care of resources related to mergers & acquisitions, intellectual property, human resources, and the like. That is a system that works for them, but what should smaller companies do? They can’t afford to (and wouldn’t need to) keep a legal staff or even just one lawyer on staff full-time. On the other hand, a traditional, outside firm would likely require some sort of expensive retainer agreement in order to remain at a company’s beck and call.
There is a third option between hiring an in-house legal staff and keeping an outside firm (or a number of firms in different specialties) on retainer. There are a growing number of firms offering on-demand lawyers and legal services.
These firms offer a number of benefits to potential clients. Let’s look at some of the most obvious ones.
- On-demand companies hire attorneys from all specialties. While you would be hard-pressed to find one local firm that could handle any legal situation that may arise for your company, on-demand attorneys are available to specialize in employment law, real estate, malpractice, and the list goes on! No matter how much you may like and trust the lawyer from the firm down the street, if her specialty is domestic law, you don’t want her handling your acquisition of a competitor. That situation wouldn’t be ideal for either of you.
- An on-demand firm can help your company protect vital intellectual property in a fast and efficient way. Since many of them contract with attorneys on an as-needed basis, it’s fairly certain that a legal expert in intellectual property will be available to handle your issue or concern whenever you need assistance.
- Companies that use on-demand lawyers often see cost savings compared to having their normal legal team handle everything. Companies do not have to completely rely on on-demand assistance. In fact, many companies still have their retained local law firm that they use for the more technical and complicated work, as they feel more confident working with a familiar face. They farm out some of their more mundane legal questions and tasks to on-demand legal services and enjoy the benefit of paying far less for this assistance than they would pay to a traditional, brick-and-mortar firm. What business owner isn’t looking to trim fat from the company budget?
Wouldn’t it be wonderful to go home at the end of a day and relax, knowing that the legal needs of your company are in safe and experienced hands? Wouldn’t it be comforting knowing that you can obtain this kind of assurance and still have money left over to compensate your staff and pay the light bill? Utilizing the services of Outside General Counsel, an on-demand legal firm, can fulfill your business requirements and help contain your legal costs.