Outsourced General Counsel: A Better Way To Do Business
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How can organizations obtain the business-savvy legal counsel they need – without breaking the bank? We offer a fresh, efficient and cost-effective approach to outside general counsel.
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Outsourced General Counsel: A Better Way To Do Business
- 1. PRESENTED BY Outsourced General Counsel: A Better Way To Do Business Presented By
- 2. Many Businesses Cannot Afford Full-Time In-House Legal Counsel. Financially, It Just Doesn’t Make Sense.
- 3. 1. VP AS GENERAL COUNSEL Vice president doubles as general counsel Benefits ● In-depth understanding of the business ● Knows the industry ● Business savvy Drawbacks ● Cost ● Large burden for one person ● Difficult to balance dual roles ● Still need outside counsel for many issues Instead, They Rely On Two Models: VP AS GENERAL COUNSEL
- 4. 2. PROJECT-DRIVEN Hire outside counsel to handle discrete legal problems Benefits ● Less costly than in-house counsel Drawbacks ● Counsel doesn’t know the business well ● Might not know the industry ● Limited role/scope of representation ● Deals with problems after they arise ● Reactive rather than proactive ● Greater indirect costs long-term PROJECT- DRIVEN
- 5. The Cowden Model of outsourced general counsel Combines benefits of both models, without the downsides MORE VALUE | LESS COST A Third Way VP AS GENERAL COUNSEL PROJECT- DRIVEN The Cowden Model
- 6. ● Business savvy: We gain an in-depth understanding of your business and industry. ● Proactive rather than reactive: We help you develop strategies to avoid legal disputes before they arise. ● Long-term trust and collaboration: We serve as valuable legal allies throughout the life of your business. ● Network of connections: We handle hiring and managing additional professionals as needed for specialized or complex matters. ● Cost-effective: A fixed retainer means reduced costs and increased value. Why It Works
- 7. ● Corporate governance ● Financing and securities ● Mergers/acquisitions ● Regulatory compliance ● Employment law ● Contracts ● And more Guidance On A Broad Range Of Legal Areas:
- 8. The 3 Pillars Of The Cowden Model: COVERAGE We provide guidance to help you mitigate risk and make sound business decisions. COMPLIANCE We navigate the regulatory framework for your industry. SATISFACTION Our bottom line is your bottom line.
- 9. The End Result? Not Just Legal Solutions, But Business Solutions – All At A Reasonable Cost.
- 10. ● 40-plus years of business and legal experience ● Committed to innovative legal and business solutions ● In-depth knowledge of Ohio business climate across numerous industries Who We Are: Entrepreneurs Advising Entrepreneurs
- 11. © 2020 by Cowden Law Co. LPA. All Rights Reserved. Design and editorial services by FindLaw, part of Thomson Reuters. Share The White Paper Read our free white paper, “Using An Outsourced General Counsel Approach In Today’s Business.” You can also visit our website or contact our lawyers online. C ED Learn More