Overview
of
An Independent General Counsel
An Independent General Counsel (IGC) is an attorney who performs
the services of a General Counsel for a company on a contract
basis, and not as an employee or law firm.
Most startups and growing high technology companies recognize
the need to have lawyers represent them in contract reviews,
drafting and negotiations and to provide legal counsel generally,
but may find traditional methods of retaining counsel are not cost
effective.
Law firm overhead cost, for office space and support staff,
limit a firm's flexibility in fee-setting.
When outside counsel fees climb, emerging companies consider hiring
an inside counsel as an employee.
With all the benefits that employee status entails, hiring someone
to be an inside counsel can also be costly.
Independent general counsel services offer a third option many
companies find attractive.
For a specified fee, the company contracts with an attorney
to provide in-house corporate legal services.
The Independent General Counsel is an independent contractor,
not an employee.
He or she works at the company site and uses company offices
and services for typing and copying.
Thus, the attorney reduces his or her overhead,
while providing the same high quality, high level of
service of law firms or employee counsel.
Independent General Counsel are committed to providing these services
in a timely manner to meet the client's expense constraints.
Benefits of an Independent General Counsel
Services
Contract review, drafting and negotiation support,
in both commercial and government markets
Software and technology licensing and protection
Structuring strategic alliances, corporate partnerships,
joint ventures, nondisclosure & non-compete agreements
New business incorporations
IGC Home Page
|
