What is a corporate legal advisor? What is corporate counsel? Is it necessary to hire legal counsel to run a company?

What is a corporate legal advisor? What is corporate counsel?

The company's legal advisor mainly helps the company solve the legal problems it encounters. It is timely and preventive, which is helpful to prevent minor problems and avoid being in a very passive position due to the occurrence of serious problems, thereby losing the best opportunity to solve the problem.

What does a corporate counsel do?

1. The company's legal advisor mainly helps the company solve the legal problems it encounters. It is timely and preventive, which is helpful to prevent minor problems and avoid being in a very passive position due to the occurrence of serious problems, thereby losing the best opportunity to solve the problem.
2. Corporate legal counsel can provide forward-looking legal advice to the company's sales department so that it can better manage its sales agreements, establish an effective internal working framework, and minimize the difficulty of collecting receivables.
3. The establishment of a company's legal advisory team is helpful for the company to nip problems in the bud or make preparations for resolving disputes.

The types of legal advisors mainly include:

1. Corporate legal counsel, government legal counsel, private legal counsel.
2. According to the different service periods of legal advisors, they can be divided into: permanent legal advisors and special legal advisors.
3. According to the different content of legal advisory services, it can be divided into: collection consultants, risk control consultants, system planning consultants, etc.

Corporate legal advisory service content

Mainly includes: assisting the company in establishing a legal dispute prevention mechanism, handling existing relevant legal issues in a timely manner, and cooperating with relevant departments of the company. The specific consultants are as follows:

1. Answer legal inquiries, provide legal advice or issue legal opinions
2. Assist in drafting, formulating, reviewing or revising contracts, articles of association and other legal documents
3. At the client's request, participate in consultations and negotiations, and conduct legal analysis and argumentation
4. Entrusted by clients to sign, deliver or accept legal documents
5. Upon request, conduct legal arguments, propose legal solutions, issue negotiation letters, issue legal opinions, or participate in non-litigation negotiations, coordination, and mediation regarding disputes that clients have, are facing, or may occur.
6. Teach legal practical knowledge at the request of clients
7. Monitor the issuance and modification of customer-related laws and regulations upon customer request
8. Representation in litigation, mediation or arbitration activities
9. Explain that corporate customers have established and improved various rules and regulations
10. Assist corporate clients to establish legal service agencies and conduct legal training and legal publicity
11. Handle other legal matters agreed upon by both parties.

Legal Counsel Responsibilities

The legal advisor's responsibilities mainly include:

1. Provide timely consultation
2. Assist companies to establish and improve various systems to prevent and resolve legal risks
3. Represent the company when invited to attend or chair shareholder meetings or board of directors meetings
4. Draft and set labor contracts and employee handbooks to avoid labor disputes
5. Draft, review, and revise documents such as agreements, contracts, confidentiality and non-compete agreements
6. Be invited to attend and participate in various business negotiations on behalf of the company
7. Representing companies in litigation and arbitration cases
8. Assist in due diligence and handle non-litigation legal matters
9. legal training
10. Send letters in the name of legal counsel based on client needs
11. Protection of trademark rights, patent rights, copyrights, business secrets and information security

How much does a legal consultant cost per year?

The reference standards for legal consultant fees are as follows:
How much a company's legal advisor pays per year depends on the size of the company and the content of the work. The charging standards will vary. Annual legal advisory fees generally range from NT$30,000 to NT$100,000.

Fidelity Law Firm Legal Counsel Fee Plan

summary

In business operations, if there is a legal consultant, the company can be incorporated into a more formal route from the beginning, and risks can be prevented from aspects such as contract review, business model risk analysis, and company labor and personnel. If a company wants to hire a legal advisor, the most important thing is that the lawyer is responsible, puts the company's interests first, and must have the corresponding professional capabilities to solve the company's legal issues in its business development.

Fuda Law FirmSpecializing in the field of legal counsel, the team's lawyer members all have rich practical experience and long-term experience in serving listed companies and small and medium-sized enterprises, and can provide assistance. If you have any needs, you can contact our firm at any time.

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Fuda Law Firm
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e-mail:info@fdlaw.com.tw