Many entrepreneurs or small-business owners hate spending money on legal services because they do not create revenue. And while that feeling certainly is understandable, it can be penny-wise and pound-foolish because paying lawyers to fix a problem after the fact is often more expensive than just doing things correctly in the first place.
The problem is that legal needs, and hence legal fees, tend to fluctuate, and entrepreneurs are often managing budgets that do not have room to cover unexpected costs. But what if legal fees were something that a company could budget as a set amount each month? That’s where a general counsel subscription service may make sense.
In this article, Fortis partner Henry Baskerville breaks down what a general counsel subscription service can offer and how to get the most value from it.