When's the Right Time to Hire In-House Counsel
Owners of growing businesses often approach the question of whether or not to create a position for a full-time attorney as an “either/or” decision: Either we have a general counsel on staff or we outsource everything to a law firm. In fact, companies that have their own general counsel still tend to use outside law firms for specialized work.
That’s why you can’t just assume that it’s time to hire a general counsel when your legal bills are approximately the same as a full-time lawyer’s salary. It’s really more a question of what kind of legal issues you face and your philosophy about adding an attorney to your senior management team.