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Not every company or business needs its own in-house lawyer. Headcount restrictions, the overheads of a new cost centre, and fears over being blocked by the notorious "Department of No" aside, however, if you have reached the point when business complexity/risk, external counsel cost and responsiveness start to weigh negatively on your business, there are some real benefits to having your own lawyer on the staff. Familiarity with the business and trust in a relationship with your business are good starting points for getting long term value out of a lawyer, especially an external in-house counsel like Consigclear. Here are some other points, excerpted from an article by Forbes Legal Council.
1. They Support Your Growth
"Most importantly, in-house counsel will spot legal issues for you so that you are not reacting to a problem after the fact, but avoiding the problem to begin with. "
2. They Communicate With Outside Counsel
"An on-staff attorney can help select the best outside firms for specific case types and can serve as a "watchdog" on those cases, ensuring that you are not being over-billed and that matters are being handled properly."
3. Their Knowledge Is Priceless
"By definition, outside counsel doesn't understand the nuanced details and relationships of your business anywhere near the same level as in-house counsel would.”