Many organizations start without in-house counsel. They may leverage outside counsel for their legal advice, or simply put the organization at risk without any advice. As they mature, organizations realize that in-house lawyers tend to be better business partners because of their knowledge of the business and the client organization. Their ability to implement practical and effective solutions is realized at this point. For reasons such as the high cost of external counsel, need for proactive legal advice to help strategically lead legal the organization through growth, a shift to in-house counsel occurs.
However, many organizations may not ready to hire a in-house lawyer full time as they do grow, or perhaps they have a short term augmentation need for their established legal department. This is where Pfeffer & Associates can help. Pfeffer & Associates offers general counsel services on a part-time or “fractional general counsel” basis, as opposed to a full time or permanent basis. This business model is sometimes referred to as an “outsourced general counsel.”
Pfeffer & Associates’ approach combines the best elements of the law firm and in-house business models by allowing clients to purchase high quality “in-house style” legal services, at in-house cost levels, on an as-needed/variable cost basis. Pfeffer & Associates attorneys can provide strategic guidance to business leaders, helping them navigate legal complexities and align legal strategies with overall business goals. We can also advise your organization on its strategic sourcing and third party risk management needs, including in the sourcing and management of outside counsel.
Because of Pfeffer & Associates’ efficient cost structure, our fees are often times significantly lower than a traditional law firm. Fee arrangements can be structured to meet the needs of the client. Legal services can be provided on an hourly, daily or fixed fee basis as well to meet your organizations’ budgetary need.