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The benefits of having outside counsel

by | Oct 7, 2021 | Business Formation, General Counsel

Running a business in New York takes a lot of discipline and dedication. If your company is new, you will want to have legal counsel to manage all legal matters. However, it’s beneficial to hire outside legal counsel instead of someone who is a full-time employee. These are the best reasons to consider this option.

It lets you save money

Per business law, when you hire in-house employees, you must worry about the costs of paying them. There are also issues, such as benefits, sick days, holidays and more, that you need to factor in that can cost extra. However, if you get legal expertise from outside counsel, you can save a lot of money as those added expenses won’t be an issue.

You don’t have to make a long-term commitment

There are no long-term commitments to worry about when you use outside counsel to handle the legal aspects of your business. You can simply hire an attorney once and decide whether to use him or her again. If you prefer, you can choose a different lawyer the next time you need legal assistance. Using outside counsel may even eventually lead to a permanent relationship.

Continuously high performance

Using outside counsel is beneficial not only for you but for the attorney as well. Often, the attorney goes above and beyond to do the job you need him or her to do to gain more business and sparkling referrals. You can expect continued high performance from the outside counsel you use for your business.

They’re still part of your team

When you need someone well-versed in business law and use outside counsel, you have the opportunity to build a strong relationship. If you continuously use the attorney, he or she will become more familiar with every aspect of your business. It will make him or her part of your team, benefiting both of you.

Help with specialized counsel

Businesses often need specialized advice regarding all legal matters. Some of these areas lie in tax, litigation or immigration. Your outside counsel can provide you with important advice when you need to hire specialized counsel. He or she may know someone who has the expertise you need.

Outside counsel can be the best choice for your business. These benefits prove how valuable they can be without having to worry about not having someone in-house.