The role of a General Counsel is to provide legal advice to a company. Many companies have in-house counsel, but for the vast majority of businesses, they simply use the services of a law firm skilled in general business law.
General Counsel Services can incorporate:
> Employee issues
> Independent contractors
For start-up operations, there can be lots of questions; and for small businesses, there are different issues that seem to crop up all the time. Paying the hourly rate for legal advice can really mount up. Still, you want to have the right information to avoid greater problems and to have the judgment on hand for recurrent issues.
An ideal solution is to establish a relationship with a law firm that will give you the necessary legal advice and/or guidance at a pre-set monthly fee for a specified number of hours of legal work during that month. This will provide you with the appropriate direction when you need it and the cost is already factored into your budget. It will give you the assurance you need to conduct a safe, legal enterprise, while having a firm grip on cash outlay.
When shopping for a General Counsel, select a firm with proven experience in corporate and business law. A huge plus is when the firm has attorneys with a broad background in several different industries or spheres of business. This broad-based experience will benefit your company in several different ways. The attorneys will have the perspective to give an opinion to your small or medium sized business and still have a global perspective that will safeguard your interests now and in the future. It will also assure that the selected firm will have ongoing updates not just in the law but the technology that guides many of our choices.