Summary: When it comes to the delivery of legal services, most companies that have on site in-house counsel end up saving money, time, and faring better in deals.
An increasingly complex, time sensitive legal environment means more and more companies are recruiting in-house counsel to handle the majority of their legal work and only turning to outside counsel for specialized advice. Why?
Reduced Legal Fees
It just makes "cents". Companies spend large amounts of money on outside legal bills every year. As salaried, fixed cost employees, in-house counsel can mean significant savings on legal fees.
Today's business/legal environment is sophisticated, complex and deadly. Timely practice advice from company wise in-house counsel helps fast moving companies stay out of trouble and well ahead of the competition.
As an insider, the in-house lawyer knows the company's objectives and environment and can provide more customized and relevant advice.
Proactive vs. Reactive
Being internally located, in-house counsel are better able to anticipate and diffuse potential legal problems before they turn critical. Even when problems do explode, in-house counsel tends to be better positioned to deal with the matter quickly and effectively.