Why Hire An In-House Legal Team?
As your company continues to flourish, you may start to question whether it’s time to hire in-house legal counsel. An in-house attorney can deal with nearly all of your company’s growing legal issues, whether it they involve acquisitions, contracts, finances or employee issues—not to mention predict problems a private practice attorney could miss.
The best in-house attorney doesn’t simply bring knowledge to the table. Once they’re a member of your staff, it’s imperative that he or she is compatible with your team and comprehends how to support the long-term goals of your company. So, what are the benefits of hiring in-house counsel and the elements to look for once you do?
They Enable Your Growth
In-house counsel provides businesses of all sizes with prompt advisement, and a company with in-house counsel raises their likelihood of opportunities for growth and development. Most importantly, in-house counsel will identify legal issues so you can avoid the problem to begin with, rather than dealing with it reactively. When it comes to choosing your in-house counsel, look for someone who will get along with your fellow employees and has experience in a wide variety of legal fields.
They’re Emotionally Intelligent
A competent in-house counsel must have emotional intelligence (EQ). That’s right, lawyers have emotions too. The ability to intermingle with different stakeholders, comprehend what they need to achieve their goals, and apply the law to guide legally compliant solutions is an invaluable skill for lawyers to possess.
They Communicate with Other Lawyers
It can be beneficial to have in-house counsel deal with outside law firms for certain matters, depending on the size of your business and legal needs. An on-staff attorney can help select the best outside companies for specific case types and can assist as a watchdog on those cases, ensuring that you aren’t over-billed and that issues are being handled properly.
They Allow You Peace of Mind
Having direct access to a licensed attorney who is 100-percent focused on your business is unbeatable and will offer you peace of mind. Having in-house counsel can also be the difference between success and failure on a deal. The truth is, if you have a trusted advisor on-hand to instruct you on legal matters, you’ll sleep easier at night.
Looking for sound legal advice for your organization, business or corporation? Contact KGPC LLP today.