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The "Outside" GC: A New Opportunity for In-House Lawyers

September 14, 2018 at 1:55 PM - On-Demand General Counsel,

"I think one of the best indicators of career satisfaction for an on-demand GC is that, like me, many lawyers choose this role at the pinnacle of their in-house careers. I am able to continue pursuing a professionally challenging career, while maintaining control over my time and my life," explains Outside GC Member, Lakshmi Sarma Ramani, in her recent article published in the ACC Docket's July/August issue. 

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In-House Counsel: Tackling the Toughest Deals, Part 4

In-House Counsel: Tackling the Toughest Deals, Part 4

October 12, 2016 at 12:36 PM - In-House Lawyers

All of your hard work to this point will culminate in Step 4 – Negotiation. You’ve prepared yourself and your business partner, and secured a commitment from business and legal on the other side to a system with proven results for closing important deals on tight timeline. However, given the nature of business negotiations, this is also the point where things can easily go awry as a result of delayed approvals or worse, a breakdown in the original agreement. The following suggestions are designed to keep negotiations on track and bring the deal across the finish line quickly and efficiently as promised:

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In-House Counsel: Tackling the Toughest Deals, Part 3

In-House Counsel: Tackling the Toughest Deals, Part 3

October 5, 2016 at 8:40 PM - In-House Lawyers

In many ways, Step 3 – Bringing in the Other Side – is the most important component of handling complex deals on a tight deadline. It can also be the most delicate, which is why you must rely heavily on the assistance of your business partner in order to make this happen. In my experience, securing a commitment to expediency from the other side is best achieved by adopting the following approach: 

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In-House Counsel: Tackling the Toughest Deals, Part 2

In-House Counsel: Tackling the Toughest Deals, Part 2

September 28, 2016 at 6:05 PM - In-House Lawyers

After you’ve prepared yourself, it is time to meet with the business person or team responsible for the deal. The goal of Step 2 – Coordinate with your Business Partner(s) – is working through key details of the proposed transaction in order to clarify objectives, define roles and responsibilities, assess preparedness and identify potential obstacles. In doing so, you are also able to establish more reasonable expectations around completing the deal and more importantly not making commitments you are unable to keep. The following is a list of key points to consider at this stage:

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Deal Accelerators: Resources to help in-house lawyers support their business teams

Deal Accelerators: Resources to help in-house lawyers support their business teams

August 11, 2016 at 12:41 PM - In-House Lawyers,

The business team announces that a new product is ready for launch and asks legal to sign off on a key contract, or the collateral materials that will accompany the product to market. Although you understand the implications of a delay, and also realize that raising a red flag at this stage will not be well-received, it is nevertheless your responsibility to protect the company from potential legal issues arising post-launch. Because the legal department’s review inextricably involves a level of scrutiny often overlooked by the business team, it inevitably reveals missed steps or open items requiring action, which unfortunately will slow down the business team’s momentum.

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Outside GC is an innovative approach to legal services for growing and mature businesses. Companies who engage Outside GC fall into two main categories: (1) those without in-house counsel who need regular, on-going legal support but do not wish to hire a full-time in-house lawyer, and (2) those with in-house counsel who do not wish to add more full-time resources to their existing in-house staff. Contact us to speak to one of our on-demand attorneys.