Now this is music to any start-up's ears: Outsourcing executive legal help just got easier! The Wired GC links and describes four different companies that offer general counsel on a per-diem or even project basis. The GC writes,
"Many traditionally oriented law firms also offer this sort of service -- but not all are staffed with former GCs who have the experience of providing services exclusively outside the billable hour model.
"Lawyers I know who provide this sort of service (on a per-day or a flat-monthly-fee basis) say that it encourages their clients to use them -- and not cringe that each phone call will be rounded to the quarter hour. Clients like it because it offers some predictability for legal costs. Things like litigation or one-off transactions are usually excluded from these arrangements.
"In the long run, I expect these service offerings to increase. It's also a positive sign that for some ex-GCs there is life after being in-house that can offer some of the same work experience that lured them inside in the first place."
Really exciting stuff. As someone who has worked in Silicon Valley start-ups, I definitely see a market for this. The key is finding someone with the right industry expertise, and a long-term enthusiasm for parachuting in and out of projects. I'd consider it. Would you?
Posted by Laurel Newby on December 12, 2005 at 12:57 PM | Permalink
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