In-House Legal Solutions: The New Alternative

Keep the Quality, Minus the Hassle

Although it is common practice to employ external solicitors from law firms to assist a business, in-house legal solutions provide an alternative which may be more time and budget-friendly. To find out about when is the best time to hire an in house lawyer, click here

A Breakdown

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In-house teams aim to assist a business involving negotiation and work to please clients with lower costs while providing the same benefits as a house counsel.

Time-Efficiency

Although it may seem initially easier to hire a lawyer from an external law firm, there are a number of reasons why an internal solution would save more time.

More Expertise in Certain Areas

In house legal services undoubtedly see the bigger picture and may be motivated to help the company as a whole, hence they will have more knowledge on advising your business and inadvertently save more time.

They will feel more responsibility toward your company

First, an in-house solution would seek legal solutions out of determination to assist their employer, which will catalyse the process for your business. An external solicitor may not get the same feelings of motivation and responsibility, and connection can only be built through email.

If time is money, is money time?

Other than saving time, internal legal assistance would save the company money later on whilst they address issues.

A New Change from Counsel

Although data shows that in 2022 the costs of hiring new in-house solicitors can cost up to $200,000 (Reuters) including the costs of the lawyer’s salary in England, this can get cheaper by seeking in-house solutions.

The internal legal services will prove to be worth it.

Once you hire lawyers who will not only be working for your company but accepting the responsibility, you will see the benefits house legal solutions have to offer and how they will please clients differently from an external commercial practice.

What if I want something different?

For some, the idea of hiring a solicitor to work with a company may be too much.

In-house legal solutions: your options

Data indicates an in-house lawyer is a fantastic route for some who are seeking internal legal solutions, but it may provide many issues as well, particularly for smaller businesses who may be on a budget or a time crunch and need quick information in certain commercial or corporate law areas.

A Nice Balance

House legal solutions can provide a nice balance for those who show hesitance at jumping in and employing a house counsel.  For example, while the costs of an in-house counsel may be too much for a smaller business, in-house solutions find a way to lower that cost while providing the same level of service.