YLM Manages Your Legal Work As Well As You Manage Its Business
In today’s business world, as a company’s business expands, it faces increasingly complex and difficult legal problems and risks. It will also have important legal needs in connection with transactions and commercial relationships. Because of the number and complexity of the company’s legal needs, to handle them successfully the company will have to rely on advice and assistance from an in‑house legal team or its outside attorneys. Without that support, the company’s executives will be responsible for managing the company’s legal work directly.
Let Your Executives Manage The Business Instead Of Handling Its Legal Affairs
It is usually unproductive and inefficient for a company’s executives to be responsible for managing its legal affairs. Executives of foreign and international companies have even bigger challenges because they must keep up with the changing laws of multiple countries and manage the complex legal risks of cross-border deals.
Timing Is Important In Legal Matters
Legal problems and needs do not wait for an executive to be ready to deal with them. They often become more challenging to resolve when not timely addressed. Without an in‑house attorney or in-house legal staff to manage the company’s legal needs, executives may find it difficult to determine what legal representation their companies need and the time framework required. For executives to assess and prioritize these needs and then find, hire, and manage lawyers to handle them, is time-consuming and often unnecessarily expensive.
Lawyers Handling Specific Projects Do Not Have An Overview of Your Company’s Business And Legal Affairs
Without an in-house counsel staff, executives often delegate the management of the company’s legal work to outside attorneys retained to handle specific matters. Because those attorneys have a narrow view of the company’s legal needs and little insight into its business strategies and goals, those attorneys will not be able to identify and assess potential legal risks facing the company in areas outside their particular assignment.
Hiring Your Legal Manager to work alongside a company’s executive team can eliminate the inefficiencies and mitigate the risk of negative results that come from the executives directly managing the company’s legal projects or delegating the management to outside law firms. By taking a company-wide perspective, Your Legal Manager provides its clients an in-house legal capability to identify and prioritize its legal needs and manage the outside attorneys handling its legal work.