The Pros and Cons of In-House Counsel

Companies are finding that once they add up their bill in legal fees at the end of the year, that they are horrifically high. It would be much better to have an in-house general counsel, than having to “keep reins on those external lawyers and their propensity to bill in six-minute increments”. Having someone at your beck and call would rid you of this nuisance. You may not see savings in the first year of hiring your in-house counsel, but after realizing how much value an in-house lawyer(s) can incur, because he or she is up to speed with what is going on in the company, and isn’t going to charge you each time he or she takes a phone call from you. “You get to the decision-making point more quickly when you are dealing with in-house counsel who have knowledge of long-standing agreements, and are really invested in your business”. Of course, the key is getting the right person. And that’s why you’ve got to have someone who knows what he or she is doing, to find your company those person or people. Having in-house counsel is a guarantee of having someone who “will keep the best interest of your firm and not his, in mind, and won’t gouge you for your legal services.”  Click here to read full article.

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