Benefits of Outside Corporate Counsel Services
Reduced Overhead: Most companies are looking to cut costs these days. One of the main benefits of outside corporate counsel services through NB is the ability to better manage overhead expenses. When a company outsources its in-house legal expenses, it eliminates several of the costs associated with employment of in-house attorneys, including: no full time salary, no payroll costs, no errors & omissions insurance. In essence, those expenses are shifted to NB who, already employing lawyers, would have those expenses anyway.
Flexible billing: retainer, hourly, fixed fee. Different companies have different billing needs. NB is able to structure a billing structure to meet each company's needs. On a retainer basis, a company pays a fixed amount each month and has unfettered access to NB attorneys at any time for any project. Whether it be a quick question (or several) or a full-blown contract negotiation, a retainer client can call NB and get immediate response. On an hourly basis, NB attorneys bill by time increments for the work done. This billing structure works for companies that have only intermittent legal needs. Finally, NB can provide work product for most projects on a "fixed fee" basis. Under such an arrangement, NB and the client agree on the scope of a project (drafting a commercial lease, for instance) and also agree on a fixe price for that project. Such a fee structure allows a company to incur attorney's fees only for discrete projects and to know in advance exactly how much it is going to cost
Flexibility: no long term commitment, services provided as needed. Most in-house counsel require employment agreements, often with multi-year terms. Such arrangements reduce a company's flexibility both with respect to the personnel themselves and the costs associated with them. Outside corporate counsel services through NB eliminate the long-term commitment that goes along with an in-house lawyer or legal department.
Responsiveness: NB prides itself on its "business agility." Because of its nimble size, NB can tackle projects immediately. Yet, with advances in legal research technology, NB has the resources of a "mega firm." And during business hours, you will always reach an actual person when you call NB - no need to wade through a maze of voicemails and digital operators.



