Do you wish there was someone you could just call for legal advice without hearing the clock ticking in the background (in six minute increments)? There is – Virtual In-House Counsel. With the world becoming a more technical, demanding and litigious place for business owners, there is an increasing need for businesses to become proactive, not reactive, in response to problems, customer needs and business growth. Recognising this, an ever growing number of businesses are turning to towards a new approach to not only their legal matters but also their business strategy. It’s called Virtual In-House Counsel (VIHC) and here are 4 reasons why it’s your business’s best friend.
1 – Business growth
A business with virtual in-house counsel increases its likelihood of realising opportunities for growth and development by providing fast and proactive legal advice to business strategy and client relationship management. Most importantly, VIHC will spot legal issues in advance so that you are not reacting to a problem after the fact, but avoiding the problem to begin with.
2 – Superior advice
By having a relationship with your VIHC, when you call them with a query, they already know the context. This enables them to provide you with advice relevant to your business and your goals. VIHC becomes a part of the solution to business problems and with a seat at the table, your VIHC lawyers can influence and lead the solution for the benefit of your company and its bottom line.
3 – Peace of mind
Having immediate access to a licensed solicitor who is 100 percent focused on your business is truly unbeatable. It can also be the difference between success and failure on a given deal.
4 – Cost certainty and savings
Trying to get advice from a lawyer who isn’t familiar with your business can lead to high legal fees, frustration and a less than ideal outcome. This is where the benefit of Virtual In-house Counsel can arrest an unforeseen and costly expenditure and circumvent potential frustration by charging a discounted fixed fee determined by the legal package you are on. These can range from the smallest package which would be suited to businesses requiring legal advice, only occasionally, to larger packages designed for businesses that need regular contact with their VIHC lawyers. Tyler & Co have designed innovative costing options so that you don’t get billed every time you