Q: What is an Outside General Counsel™?
A: Our fixed-fee Outside General Counsel™ offering is one way that we provide our clients with special financial value. The OGC model is intended to give small and mid-sized clients the benefits of a dedicated legal department and/or compliance staff at significantly lower costs through billing arrangements tailored to meet their specific needs. We work with them to understand their business model, industry, and strategic goals – like any good General Counsel would and should. The service benefit comes particularly from having a single point of contact for legal matters, and a team of dedicated lawyers who understand and get involved with the business at all levels, including working at your offices in some cases, all for a fixed fee. Fixed-fee billing eliminates concerns about usage of services, and encourages regular interaction with counsel, and our attendance at business meetings and earlier involvement in activities that prevent risk. In the case of several clients, we also serve as their corporate Secretaries, Chief Compliance Officers or compliance leads as part of an OGC offering.
Q: Can an Outside General Counsel™ solution be charged at an hourly rate (as compared to a fixed monthly fee)?
A: We offer clients real fixed-fee billing for Outside General Counsel™ engagements, which gives clients financial predictability and creates a true virtual law department. We determine the fixed fee based on a client’s individual needs, our experience, and national reference tools for law departments, and makes the entire firm available under the retainer. OGC is not a “retainer” relationship in which a client pays in advance for a given number of attorney hours – which only benefits the law firm, not the client. Some clients prefer a more traditional hourly services model, and we provide the same OGC solution at cost-effective rates that are a fraction of those commonly seen elsewhere in the marketplace.
Q: How would an OGC solution benefit my company?
A: An Outside General Counsel engagement would benefit your company in several ways. Our OC clients put high value in having on call a strategic counselor who knows their businesses, and who can manage risk in proactive ways. By proactively managing risk, they lower their cost of legal services and minimize unknown risks.
Q: My company has an internal legal department. Would an OGC solution benefit my company?
A: Captive legal departments often cannot cover all of the specialties that a company’s needs require, such as human resources/employment, trademarks and litigation. We can supplement your internal legal department with our experienced team whose skills sets span the gamut, on a fixed-fee basis in many cases.