As a real estate company, legal issues are bound to come up. From contract disputes to property disputes, you need legal expertise to navigate the complexities of the industry. However, hiring a full-time in-house general counsel can be expensive and may not be feasible. That’s where hiring an outside general counsel comes in. By hiring outside counsel, you can get the legal support you need without the overhead costs. In this article, we’ll explore the benefits of hiring outside general counsel for your real estate company.
What is Outside General Counsel?
Outside general counsel refers to hiring an attorney or a law firm to provide legal services and advice to a business on an as-needed basis, without the need for a full-time in-house attorney. They act as a strategic advisor, providing solutions to legal questions, evaluating ventures, assessing litigation, and acting as a middleman between other specialized attorneys. Hiring outside counsel can save costs, provide external perspectives and offer objective, third-party advice. An outside general counsel can be an attorney with a legal team who the business engages to be available to consult with on day-to-day questions or an individual.
Cost Savings – You can save on overhead costs such as salary, benefits, and office space. You only pay for the legal services you need.
Expertise – Outside counsel are experience in counseling real estate clients.
Flexibility – Outsourcing your general counsel needs gives you the flexibility to scale up or down as needed. As your business grows, you may need more legal support. By outsourcing, you can easily increase the level of support you receive.
Efficiency – Outside counsel can provide legal support on an as-needed basis. This means that you can get the legal help you need quickly and efficiently, without having to wait for in-house counsel.
Objectivity – Outside counsel can provide an objective perspective on legal matters. They are not emotionally invested in the business and can provide unbiased advice.
Why Choose Gregory A. Byrnes?
Choose Gregory A. Byrnes for your outside counsel to support your company. He offers monthly pricing and can provide legal support on an as-needed basis.
Hiring outside general counsel can be a smart move for your real estate company. It can save you money, provide expertise, offer flexibility, and be more efficient. Contact Gregory A. Byrnes today to learn more about how he can help your business.