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Fractional General Counsel in Tampa Bay

Providing Clients With Affordable High-Quality Legal Services

If you are a business owner or are involved in a corporate setting, you already understand the importance of having skilled legal representation. However, legal representation can be expensive and challenging for many businesses to afford in today’s volatile economic climate.

Unlike in the past, when many businesses and corporations employed in-house counsel to assist them with their legal issues, many organizations are utilizing the services of a fractional general counsel to minimize costs.

If you are a business or corporation that needs quality legal representation, contact Venerable Law of Tampa Bay, and ask to schedule a free initial consultation to discuss the services that we can provide. Our skilled business attorney will gladly sit down with you to answer your questions and determine how we can protect your business.

What is a Fractional General Counsel?

A fractional general counsel (FGC) is a licensed attorney who performs legal services for a business or organization. However, unlike an attorney who acts as an “in-house” counsel, an FGC is not considered a company employee. Another significant difference between a fractional general counsel and an in-house counsel is that an FGC typically performs legal services for other clients.

Fractional general counsel services are typically performed on a part-time or as-needed basis. An FGC is ideal for small businesses that need legal representation but only on a part-time basis.

In today’s uncertain economic climate, many businesses have realized the financial advantages of outsourcing their legal needs to attorneys who act as fractional general counsel.

A fractional general counsel can provide businesses with the legal services they need while allowing them financial flexibility.

Contact Venerable Law at our Tampa Bay law offices if you need further clarification regarding the valuable role a fractional general counsel could play for your business or organization. We will gladly help you schedule a meeting with a qualified legal team member who can answer your questions.

What are the Advantages of Choosing to Have a Fractional General Counsel?

Businesses and other organizations can significantly benefit from hiring a fractional general counsel to assist them with their legal needs.

One of the most significant advantages is that hiring an FGC is a more affordable option than retaining in-house counsel. An in-house lawyer is considered an employee and typically receives a salary and is entitled to other company benefits.

Conversely, a lawyer hired as fractional general counsel can be considered an independent contractor whose services are used only when needed. Additionally, an FGC will have set fees for the legal services they provide to clients.

Other advantages of having a fractional general counsel include:

  • Allows businesses to budget accordingly for an FGC’s services.
  • Easy access to a legal representative who understands how your business works and its long-term goals.
  • An FGC works to stay current on any new or amended laws so that businesses comply with all various federal, state, and local statutes.
  • Grants businesses the ability to focus on growing their companies without worrying about maintaining compliance.
  • An FGC assists the business in taking a proactive approach to legal issues rather than waiting for them to become more significant problems that are more challenging to manage.

If you want to learn more about the advantages a fractional general counsel can provide to your company, contact Venerable Law of Tampa Bay to schedule a meeting with our experienced business attorney.

What Types of Legal Service Does a Fractional General Counsel Provide?

A fractional general counsel is a licensed attorney who can provide clients with the same legal services that an in-house counsel would provide but, as previously discussed, for a fraction of the price.

Some of the most common legal services provided by an FGC include:

  • Employee contract reviews and negotiations: An FGC will ensure that both sides are fully protected under applicable state and federal laws.
  • Assistance with vendor contracts: The FGC will review contracts to confirm their legality and that they are in the business’s best interests.
  • Employment law: All businesses must remain compliant with state and federal employment law, and FGC can provide guidance should there be allegations of discrimination, unfair termination, or failure to pay employee benefits.
  • Litigation management: A business’s FGC will provide legal representation on behalf of its client to manage legal disputes or litigation issues that may arise.
  • Risk management: An FGC can identify areas that could cause potential legal issues should they persist.
  • Compliance and regulatory advice: An FGC provides the business with legal advice to ensure compliance with all laws and regulations that apply to their industry and operations.

It should be noted that every business or organization is different, and therefore, their legal needs will significantly vary. As a result, an attorney who acts as FGC may have different legal obligations depending on the business that chooses to use their services.

Venerable Law has extensive experience acting as a fractional general counsel and would be happy to discuss your company’s legal needs to determine the right strategies for your business.

Why Should I Trust Your Law Firm When Choosing a Fractional General Counsel to Assist With My Legal Needs?

Venerable Law is a Tampa Bay area law firm dedicated to assisting businesses with their legal needs. In today’s uncertain economy, we recognize that businesses are more budget-conscious than ever before. Unfortunately, businesses are also faced with more legal issues than ever before.

One of the best alternatives to expensive in-house counsel is hiring an attorney to act as a fractional general counsel. Our law firm has in-depth experience in helping businesses with their legal needs. Our skilled business attorney has acted as a legal advisor for over 24 years and will work to thoroughly evaluate your business’s needs.

If you are a business, you must have skilled legal representation to protect your legal interests and investments. Contact Venerable Law at our Tampa Bay, FL, law offices by calling 813-680-4530 to schedule a free case evaluation today.