1400 Gables Ct #103 Plano, TX 75075
5601 Bridge Street, #300, Ft. Worth, TX 76112

A Fort Worth Business Lawyer Discusses the Benefits of Fractional General Counsel

Fort Worth business law attorney, Richard “Ric” Armstrong, talks about the dilemma of small businesses who need legal services and how fractional general counsel can help.

It’s an unfortunate reality, but many small business owners tend to sidestep the topic of legal issues—not due to indifference, but rather, due to budget. Most small businesses face a profound and often poorly-defined battery of legal challenges, but they don’t have the budget to hire full-time counsel, nor can they afford the sometimes-steep hourly rates of a business lawyer. Thus, they usually (1) try a DIY “solution” by surfing the internet helter-skelter, or (2) only seek out legal counsel in the event of an emergency, when in fact if they had consulted a lawyer first, there might not have been an emergency in the first place.

Enter the concept of “fractional general counsel,” a new model that allows smaller businesses to access essential legal services and advice for an affordable monthly fee. Reducing exposure to the billable hourly rate takes the pressure off business owners by diffusing the crisis mentality, allowing them to enjoy the benefits of having their own “legal department” to be consulted as needed.

How Small Businesses Can Benefit

The specific benefits of fractional general counsel may vary according to the law firms that offer them, but let’s look at a few examples of what services business owners can receive with this model:

• Review of business contracts and documents
• Advice on establishing a board of governance and writing bylaws
• Advice on compliance issues
• Review and advice on standard business agreements (e.g., NDA, non-compete, confidentiality)
• Advice on threatened litigation or claims against the company
• Legal representation if litigation becomes necessary
• Triaging legal emergencies minus the high cost of billable hours

Why this Model Works

Fractional general counsel provides small businesses the ability to receive needed legal advice at a reduced cost. Conversely, attorneys can serve more business clients because small businesses usually don’t require full-time access to their time. Finally, by having their own fractional legal department, businesses can often avert legal crises before they begin.

Texas businesses no longer need to wait until things become critical to enlist the help of an experienced Fort Worth business attorney. To learn more about the benefits of our own Frac GC® program, call Armstrong The Law Firm, P.C., today at 972-424-L-A-W-S (5297).

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Armstrong The Law Firm, P.C.
Plano Location
1400 Gables Ct #103
Plano, TX 75075

Fort Worth Location (By Appointment Only)
5601 Bridge Street, Ste. 300
Ft. Worth, Texas 76112

Phone: (972) 424-5297