This article provides startups and entrepreneurs with a cursory guide on when to consider hiring their company’s in-house legal counsel. The leading discussion focuses on a startup’s need for an attorney. In reviewing those needs stage-by-stage, the author discusses the merits and practicality of hiring in-house counsel in order to come to three recommendations: (1) use a value-add approach to choose when to hire your in-house counsel; (2) explore alternate fee arrangements; and, (3) be thorough in your search for an attorney that fits your company’s specific needs.
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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.