Drafting the Most Effective In-House Legal Team for Your Business

lawtrades effective inhouse legal team

You have been dreaming about starting a new company for some time now. Whether you have already secured the funding your startup needs or you are still in the process of ensuring that you can establish it effectively, it is never too early to think about protecting your company’s interests from a legal standpoint. Here is some advice should you need to hire an attorney.

Legal questions tend to affect every major aspect of a business’s operations. From hiring to intellectual property concerns, regulatory compliance to asset protection, legal knowledge can directly benefit a company’s interests. As a result, when you hire an attorney, it can be both convenient and uniquely beneficial to have an in-house legal team helping to protect your business on a daily basis. And much like any successful sports team, it is important to draft members to your legal team that can fill all necessary roles with focus and precision.

Who Does Your Business Need on Its Team?

The kind of legal expertise you will need on your team depends on the kind of business you are starting. For example, if your business is going to generate new products or unique ideas/content on a regular basis, your company may directly benefit from hiring an attorney with specialized knowledge of intellectual property law. This team member can help to ensure that all copyrights, trademarks and/or patents are filed properly and promptly and can help to protect against infringement.

Depending on the nature of your business, you may benefit from hiring attorneys with experience and specialized knowledge of employment law, real estate, fundraising and online activities, regulatory compliance, immigration, contracts, entertainment or finance law. Finally, depending on the size of your business, you may need one or more attorneys on your team “simply” tasked with challenges that keep a business running smoothly and efficiently. If you have questions about what kind of attorneys you may need on your in-house legal team, LawTrades can help to guide you through the process of making that determination, should you need to hire an attorney.

Other Considerations

Hiring the best possible legal team for your business is important. But “best” is a relative term when it comes to an individual company’s needs. For example, if your startup is cutting edge and is heavily dependent upon niche online markets, you may not want to hire a lawyer with two decades of experience in traditional marketplaces. An attorney relatively fresh out of law school and eager to learn the ins and outs of the evolving nature of online business may be better suited to your company’s mission.

In addition, it is important to determine how your in-house legal team will fit within the broader scope of your workplace. Will all of your team work within your physical space? Does it make sense to outsource some of the niche legal issues your company faces? Do you need in-house attorneys licensed in multiple jurisdictions? Answering questions like these before you hire your legal team will help to ensure that it functions as effectively and efficiently as possible.

Looking Ahead

The team at legal team is experienced in all aspects of business formation. In addition to offering legal services that may directly benefit your in-house legal team, we are happy to help you navigate the process of drafting the right in-house legal team members for your business specifically. Please do not wait to reach out if you need to hire an attorney. Virtually every aspect of your business depends on the experience and integrity of your legal representation.