Your Legal Manager’s Services Are Directed To Certain Categories Of Companies
Your Legal Manager provides in-house legal services to companies that are large enough to need sophisticated legal assistance in various areas of their business but that do not employ an in-house legal staff. These may include:
Early-stage technology and high-growth businesses typically “need” more legal representation than they can afford. These companies often overlook or ignore potential legal problems, shortcut the legal work needed for transactions, and hire law firms that are not the best choice for their important, sometimes company-threatening, legal needs. By using Your Legal Manager’s experience, early-stage companies are able to triage their legal work to leverage the funds available to pay attorneys and to attend to their most critical and important legal needs first. Such companies may consider paying for Your Legal Manager’s services by equity to avoid reducing their funds available for specific legal projects.
Foreign And U.S.-based International Companies
Companies that do not have an in-house legal staff but engage in cross-border transactions (foreign acquisitions and dispositions, joint ventures and international distribution) will benefit from Your Legal Manager’s legal oversight and strategic legal advice. Your Legal Manager can be a valuable and cost-effective resource for foreign companies making an acquisition of – or being acquired by – a United States company; establishing a distribution or manufacturing or assembly subsidiary in the United States or another country; entering into a joint venture or other contractual relationship with a United States or foreign company; opening an office in the United States; or raising capital in the United States markets.
Companies conducting business internationally may require representation in various legal fields, for example, United States federal and state tax rules, contracts of various types, employee regulatory compliance, securities laws, antitrust and other governmental regulatory frameworks. By using Your Legal Manager’s experience in retaining lawyers in those fields, the company’s executives are relieved of trying to manage the company’s legal needs in countries whose legal systems may be “foreign” to them.
Mid-sized Companies With Extensive Legal Needs
As a result of their growth, mid-sized companies often plan for further growth through an international acquisition, a foreign joint venture or an IPO or private capital raise. Those developments will involve corporate transactions, including commercial contracts and license agreements, M&A deals, asset acquisitions and dispositions, Intellectual Property strategy and protection implementation, and management retention and compensation agreements, as well as documentation for transactions to raise capital.
Although these companies may plan to build an in-house legal counsel department, they can use Your Legal Manager in advance of building an in-house counsel staff to organize, monitor and manage the law firms the company uses for the various types of legal advice and assistance the company requires.
Your Legal Manager may also assist companies to restructure their use of legal service providers if the company determines that using one or two law firms for all of its legal work is not as cost‑effective as the company expects.