Top 3 Ways Outsourced General Counsel Helps Grow Your Business

If your business revenue is in the $10 million or above range but your company is not large enough to justify an in-house attorney, consider utilizing outsourced general counsel (OCG). With OGC, you gain legal guidance and support from a business lawyer without needing to hire an attorney full time. The advantages associated with this approach are plentiful, which is why more and more small and medium-sized businesses are using outsourced general counsel to meet their needs. To effectively grow your business, you must ensure that sensitive legal concerns are handled appropriately. OGC is one way to do this.

Keeping Legal Fees in the Affordable Range to Free Up Funds for Other Projects

Outsourced general counsel refers to an attorney who offers on-demand legal services on an as-needed basis. Most small and medium businesses need help with legal issues like contract drafting and review, regulatory compliance, mergers and acquisitions, and employee concerns. However, their business is not large enough to justify a full-time attorney on staff. OGC allows business owners to gain the benefits and peace of mind associated with in-house legal counsel without the expense of a full-time lawyer. Keeping legal fees down frees up money to fund projects aimed at growing your business.

Avoiding Legal Problems Before They Arise to Save You Time and Energy

An unexpected legal dispute can be devastating to your company’s growth and success. A surprise visit from a regulatory agency, a vendor contract dispute, lawsuit, or any number of unexpected legal concerns can surface at any moment. By working with an OCG, you can prevent problems before they arise. This means that you can focus your attention on the concerns that really matter to you – and to your business’s bottom line.

Creating Contracts to Protect Your Business and Allow It to Thrive

Businesses run on well-written contracts. Unfortunately, many business owners have found themselves in the undesirable position of being bound to contracts they regret signing. Without legal guidance from an attorney, it is easy to overlook or misunderstand provisions in partnership agreements, leases, vendor contracts, employee agreements, and other types of business contracts. Working with OGC means that your contracts will be drafted and reviewed by a professional. Your lawyer can negotiate contract terms on your behalf and ensure that you only enter into contracts that serve your best interests.

Learn More About How Outsourced General Counsel Can Help Grow Your Business

If you want to gain the advantages associated with an in-house legal team without the expense of hiring a full-time lawyer, outsourced general counsel (OCG) may be right for you. The YourOGC program at The Gierach Law Firm helps business owners set their companies up for continued success. Learn more by calling us at 630-756-1160 today.

Source:

Forbes