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FGC is ready to be your company’s fractional general counsel. Fractional general counsel services involve providing part-time legal counsel to your business, typically on a consultative basis. This model allows your company to access high-level legal expertise without the need to hire a full-time, in-house general counsel. Some of the fractional general counsel services include:
Flexible Arrangement:
Fractional general counsel services offer flexibility in terms of time commitment. The arrangement can vary based on the specific needs of your business, ranging from a few hours per week to several days per month.
Cost-Effective:
This model is cost-effective for your business if it does not require a full-time general counsel but still needs strategic legal guidance. It allows your company to access experienced legal professionals without the high cost associated with a full-time legal executive.
Strategic Legal Advice:
A fractional general counsel provides strategic legal advice tailored to your business's goals and challenges. This includes advising on matters such as contract negotiation, compliance, risk management, and other legal aspects critical to your company's success.
Risk Mitigation:
By having a legal professional involved on a fractional basis, your business can proactively identify and mitigate legal risks. This can include reviewing contracts, ensuring compliance with regulations, and implementing policies and procedures to minimize legal exposure.
Board and Leadership Collaboration:
A fractional general counsel often collaborates closely with the board of directors and executive leadership team. We may participate in board meetings, providing legal insights on key decisions, and contributing to strategic discussions.
Outside Counsel Management/Legal Department Setup:
Complex legal matters will require the specialization of external law firms, and a fractional general counsel can oversee the management of external law firms working on such matters.
In some cases, fractional general counsel services may involve setting up or optimizing an in-house legal department. This includes developing processes, hiring legal staff if necessary, and establishing legal frameworks that align with your company's objectives.
Litigation Management:
If legal disputes arise, a fractional general counsel can oversee the management of litigation. This includes working with external law firms, developing legal strategies, and representing the company's interests in legal proceedings.
Compliance and Regulatory Affairs:
Staying compliant with laws and regulations is crucial for businesses. A fractional general counsel helps ensure that your company operates within legal boundaries, staying up-to-date on industry regulations and advising on compliance matters.
Training and Education:
A fractional general counsel may provide training sessions to your company's employees on legal matters relevant to their roles. This helps in fostering a culture of legal awareness within the organization.
Contract Review and Drafting:
Reviewing, drafting, and negotiating contracts is a significant part of the fractional general counsel's role. This ensures that your company's agreements are legally sound and aligned with its business objectives.
In essence, fractional general counsel services provide a tailored and scalable legal solution for your business, offering expertise on-demand and contributing to the overall success and legal health of your organization.
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