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Posted on: July 22, 2016 by Huntersure
While it may be rewarding to become a company’s first in-house counsel, it is also likely to be inherently challenging. While your law clients will undoubtedly get to put their personal stamps in their company’s law sector, the obstacles they are going to face when building a law department from the ground up is inevitable. Therefore, in addition to providing the most comprehensive Lawyer Professional Liability program to secure their operations, share the following advice on how to successfully navigate the process.
As general counsel, it is your clients’ duty to provide legal advice and protect their company’s best interest. Therefore, the organizational structure of the company should be reevaluated to ensure the in-house counsel will function properly and run smoothly. Furthermore, ensure all laws and regulations are followed when evaluating existing processes. Otherwise, your clients could be subjected to lawsuits and fines.
One such example is Liz Verrier who is the general counsel for B2R financing. As she discussed with Inside Counsel, her immediate focus was to reduce outside counsel spending. After speaking with employees in both offices, Verrier soon realized that “any and everybody [within the company] was contacting outside counsel, sometimes on the same exact issue,” says the article. Comb through the practices that are in place and see which components could be revamped and implement any new ideas immediately. Not only could it earn your clients a solid reputation but it can save their respective companies money.
Next, your clients should be prepared to be taken out of their comfort zones. As in-house general counsel is often thrown into their duties and expected to perform, they should be ready to hit the ground running.
At Huntersure, we are experts in professional liability coverage and the processes used to identify accountability. We aim to protect each component of your clients’ business with competitive pricing and quality solutions. For more information on our products and services, contact us today at (855) 585-6255.