Innovative Legal Services Approach Offers Cost Effective Option for Business Owners and In-House Counsel
Costs associated with legal issues that arise in the operation of a business can be expensive and unpredictable. Companies attempt to put controls in place to manage these costs, but legal costs often vary from case to case. This fact causes a quandary for business owners during the budgeting process and when determining profit. So, what is a business to do when it is not large enough to hire a full-time in-house counsel or is large enough, but does not have the needed experience in a niche area or additional capacity in its existing legal department?
Gallivan, White and Boyd, (GWB) has been helping clients address this issue by providing an innovative, cost effective approach, which is referred to as Corporate Counsel Concierge. GWB’s Corporate Counsel Concierge program provides emerging businesses with a point of contact to manage and navigate the company’s day to day legal matters. The firm typically assigns a primary attorney or, depending on the circumstances, a team of attorneys who will help manage legal issues within the organization. This arrangement frees up the client’s key decision-makers to focus on running and growing the business without having to be a gate-keeper for every legal issue.
Additionally, businesses will receive top-notch legal services with predictable, value-driven billing arrangements designed to create the best fit for the business’s financial situations. A sample of the billing arrangements used by outside corporate counsel, can include:
- Predetermined daily, monthly or annual rates
- Project-based rates
- Fixed rates
- On-demand services at a pre-determined hourly rate
At the same time, clients with in-house counsel would benefit from this approach. GWB can provide in-house counsel departments with additional on-demand capacity, allowing in-house counsel to focus on other projects. Additionally, the firm’s attorneys and networks can be extremely useful to in-house counsel when matters arise involving a niche area of the law or extend to parts of the country where more specific and localized experience is appropriate.
Another advantage for businesses using Corporate Counsel Concierge is the range of legal experience and knowledge provided. An example of some of the general legal services provided by this program include:
- General business issues and ongoing advice
- Commercial contracts, licensing agreements and strategic transactions
- Non-disclosure agreements, trade secrets, covenants not to compete and non-solicitation agreements
- Employment matters, including hiring, retention, termination, employee handbooks, and workers compensation
- Vendor contracts and relationships
- Insurance and risk management
- Intellectual property, including patents, trademarks, copyrights, and technology
- Managing litigation matters, including responding to subpoenas and information requests from other litigation
- Emergency response and preparedness
A valuable aspect to GWB’s Corporate Counsel Concierge program is that it allows GWB attorneys to build a solid team relationship with their clients. GWB finds that when the primary attorney makes regular, on-site visits to the client, even working a certain number of days per month at the client’s location, it will allow for an increase in the client’s access as issues arise and allows the client’s employees to become more familiar with the legal team.
This relationship helps clients by giving GWB attorneys knowledge about the client’s business and how it operates, which is often a challenge when bringing new counsel “up to speed” about the internal workings and business goals of a client.
If you have any questions or wish to discuss the Corporate Counsel Concierge program in more detail, please do not hesitate to contact GWB shareholder Thomas Vanderbloemen at email@example.com or at 864-271-9580.
The information within does not constitute legal advice. It is also not a substitute for legal or other professional advice. Readers should consult their own legal counsel for advice regarding laws, regulations, and procedures.