As a law firm committed to empowering businesses to thrive, we understand the critical role that expert legal advisors play in the success of new and growing ventures. While some businesses may view legal services as an expense, the truth is that investing in outside general counsel services offers a compelling return on investment (ROI) that goes far beyond mere cost savings. Here’s three strong reasons why we thinks its worth your investment:

  1. 1. Strategic guidance for growth
  2. 2. Risk mitigation and compliance
  3. 3. Scalable support that’s tailored to your needs

Keep reading as we expand on each of these a bit more…

1. Strategic Guidance for Growth:

New and growing businesses face many legal challenges and opportunities along their journey.  According to a survey conducted by the National Small Business Association (NSBA), 69% of small business owners reported that they have used an attorney at some point for legal matters related to their business. From entity formation and contract negotiations to intellectual property protection and regulatory compliance, having a trusted legal advisor by your side can provide invaluable strategic guidance. When proactively leveraged, outside general counsel services actually can help businesses make informed decisions that support growth and mitigate potential obstacles along the way.

2. Risk Mitigation and Compliance:

In today’s complex regulatory landscape, compliance is non-negotiable for businesses of all sizes. Failing to comply with applicable laws and regulations can result in costly fines, legal disputes, and reputational damage. Investing in outside general counsel services ensures that businesses stay ahead of the curve by staying abreast of regulatory changes, implementing best practices, and mitigating legal risks. By proactively addressing compliance issues, businesses can avoid costly pitfalls and safeguard their long-term success.

3. Scalable Support Tailored to Your Needs:

Unlike traditional legal services that operate on a transactional basis, outside general counsel services offer scalable support tailored to the unique needs and priorities of each client. Whether you’re a startup with limited resources or a growing enterprise with expanding legal needs, outside general counsel services provide flexible access to experienced legal professionals without the overhead costs of hiring in-house counsel. This allows businesses to access the expertise they need, when they need it, without breaking the bank.

In conclusion, the ROI of investing in outside general counsel services is clear: empowered decision-making, mitigated legal risks, and scalable support tailored to your needs. By partnering with a trusted legal advisor, new and growing businesses can unlock their full potential, seize opportunities for growth, and achieve greater success in today’s competitive marketplace.

This blog post is written by an attorney at Cooper & Huber, LLP.  It is for general educational purposes only and is not intended as legal advice or a solicitation for services. We hope it helps you or empowers you to seek next steps in your legal matters. Cooper & Huber attorneys handle an array of personal and business law matters throughout California.  You can contact us at www.chcounsel.com or 213.423.1163.

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