What does external legal counsel do for a company?
External counsel supports management on legal questions arising from the company’s operations, including contracts, corporate decisions, governance, compliance, legal risk and disputes. The exact scope is defined according to the company’s needs and the matter involved.
Can external legal counsel replace an in-house legal department?
It depends on the size, complexity and volume of the company’s legal work. External counsel may serve as the primary legal support for some businesses or complement an in-house legal team where additional capacity or specialist support is needed.
When should a company use ongoing external legal counsel?
Ongoing support can be useful when legal questions arise regularly across contracts, corporate actions, governance, compliance, commercial relationships or disputes, and management wants legal input before important decisions are implemented.
Does external legal counsel only handle disputes?
No. A significant part of external counsel work is preventive and advisory, including reviewing contracts, assessing legal risk, supporting corporate decisions and addressing issues before they develop into disputes.