Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Advantages of Outsourced In-House Legal Counsel for Small and Family Businesses

By Joseph Wilson Subscribe to RSS | December 20th 2011 | Views:
loading
 
  



It should come as no surprise that large corporations need to have their own legal team to deal with the many legal issues that arise during their operations. Some fortune 500 companies maintain a legal department of 459 lawyers and an additional 500 in legal support staff. In the past, major corporations legal budgets have come close to $1 billion. In addition to their own in-house counsel, the company also turns to a number of law firms for additional services.

While small businesses and family-run enterprises may not require quite the amount of legal services as a large corporation like a Microsoft, they too can benefit from having a cadre of lawyers to which they can turn for all of their legal needs. They do not have to seek out attorneys for any legal issue they may encounter, but can quickly turn to one source.

Additionally, in-house counsel can develop an expertise by regularly working with the same company and people, enabling them to respond to the company's needs quickly and cost-effectively. Small business owners should consult a small business attorneys for more information on the benefits of retaining in-house counsel for all of their legal needs.

Most small businesses do not require a full-time, permanent in-house legal team that operates from the company's location. Instead, a more flexible approach is beneficial for small businesses. Experienced business attorneys can act as the company's in-house counsel by providing the same services and quick response time as the full time legal teams that larger corporations have, but without the large bills. In-house attorneys for small businesses can be on stand-by to provide services like the following: Drafting, reviewing and negotiating contracts like the purchase or sale of goods, services or real estate; responding to the company's employment needs by drafting workplace policies and procedures; protecting intellectual property; on-call availability when issues or questions arise during the day-to-day operations of the business; reviewing and negotiating commercial leases and interpreting or modifying shareholder or partnership agreements that govern the business

A small business benefits by having a group of lawyers focused on all of that business's needs. The lawyers develop an understanding of the business's goals and methods better than when the business turns to a law firm on a case-by-case basis. The two sides can also agree on a steady pricing plan, as opposed to a pay-by-the-hour or by-the-project arrangement. To learn more how small and family businesses can benefit from having their own in-house counsel, contact a small business attorney at Stibor Group, LLC.

Joseph Wilson - About Author:
For more please visit:- http://www.stiborgroup.com/

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/advantages-of-outsourced-in-house-legal-counsel-for-small-and-family-businesses.htm

Related Business Articles Subscribe to RSS

Tips to sell an existing business
Published by Alice Mathew on July 27th 2012 | Business
The following content gives you an idea about the exit strategy that one should follow while selling...
 
How important is business bookkeeping services in your small business?
Published by Matthew Thomas on February 22nd 2012 | Business
Bookkeeping services have helped companies in many ways which in turn helps a company grow. it has t...
 
Best Business Attorney: a requisite for the establishment of any business concern
Published by Bill Keith on April 27th 2012 | Business
The Best Business Attorney helps in the comprehensive juridical process right from the establishment...
 
Are you looking for new Lifting equipments for your business premises?
Published by Mary Porter on July 5th 2012 | Business
Many companies in a huge range of sectors regularly have to work with extremely heavy items and equi...
 
Tamin Theodore Kim makes business success with his software development company
Published by Colbert Raynard on March 20th 2012 | Business
Athena Software Services, Inc., owned by Tamin Theodore Kim, is just one of the prestigious third-pa...
 
Hiring external payroll services for you business
Published by Payroll1 on July 23rd 2012 | Business
The payroll is one of the principle sections of a business. It is the chief segment of an organizati...
 
Order fulfilment houses are the helping hand for your business
Published by Diego Hall on January 9th 2012 | Business
Handling a huge business alone is an impossible task and hence some works can be outsourced to other...
 
Yuba City self storage: Founding resource in self storage business
Published by Bestchoice on November 30th 2011 | Business
Yuba City self storage amenities offer services to business enterprise and to domestic customers as ...
 
Compete to Win can provide you with superior business planning London
Published by James Blee on June 16th 2012 | Business
Founded in 1997 Compete to Win is a specialist consultancy that provides assistance in all areas of ...
 
Using online video for business in 2012
Published by Ashish Pandey on January 2nd 2012 | Business
If you are looking forward to the best corporate and video production company, then you can surely t...
 
Strategies for small business marketing
Published by Marketingspace on July 12th 2012 | Business
What do you understand by the term small business corporation? Generally the most common answer to t...
 
The importance of business attorneys
Published by Blossom Dana on November 25th 2011 | Business
No matter how talented someone is in his field, many times a business fails due to legal issues. A C...
 
Enhance your business productivity with Supply Chain Management
Published by Shawn Dsouza on August 6th 2012 | Business
The concept of supply chain must be clear before understanding anything about Supply Chain Managemen...
 
Could Pavement Signs help to advertise your business?
Published by Mary Porter on June 29th 2012 | Business
It is essential for any bar, restaurant, shop or other retail outlet to stand out from the crowd on ...
 
B2B business portal can attract customers with Mobile Marketing
Published by Uncleservice on February 25th 2012 | Business
B2B business plan creation is now days a creative and fully technical task. A successful B2B busines...
 
Are you looking for Spray Booths for Sale for your business?
Published by Mary Porter on June 20th 2012 | Business
Spray booths are a useful tool for many firms in a range of different sectors, and there are a numbe...
 
Importance of hiring social security lawyer Houston
Published by Louise Carala on August 24th 2012 | Business
Due to the complex procedure of filing case against social security disability benefits it is always...
 
Are the marketing fulfilment companies really worth their business?
Published by Diego Hall on December 2nd 2011 | Business
Only a marketing fulfilment company can ensure that all your marketing mails are not misplaced as sp...
 
Need for business electricity
Published by Ashish Pandey on January 21st 2012 | Business
Business electricity needs should be properly fulfilled within a restricted business electricity pri...
 
Mystery shopping can help business grow
Published by John Legraund Is An SEO Expert And Content Writer Who Has Written Articles On Mystery Shopping, Hunter Fan And Search Engine Optimisation on May 9th 2012 | Business
One of the most effective ways to turn lookers into paying customers is to know what issues, positiv...