Fractional business services are outsourced part-time services provided by independent contractors. Fractional professionals offer their expertise to multiple companies, providing benefits similar to having a part-time employee without the costs associated with hiring a full-time employee. Fractional in-house counsel are not employees of a company but handle all legal matters for the business.
Since fractional general counsel are not employees of the company, costs associated with employment taxes and benefits are eliminated. The price for fractional general counsel services is determined by the legal needs of the company, allowing for flexibility and cost-effectiveness. Additionally, fractional general counsel can work from their own office or the company’s office, providing flexibility in the arrangement.
Despite the differences, there are similarities between fractional general counsel and traditional in-house counsel. Both types of counsel can provide valuable legal advice and have a deep understanding of the company. Fractional general counsel can be proactive in helping the company avoid legal problems and can attend corporate meetings to provide legal counsel.
The benefits of utilizing fractional general counsel services, including cost savings, access to experienced attorneys, and the ability to focus on operations instead of legal matters.
