Fractional Corporate Counsel

With an increased focus on driving profitability, efficiently managing legal matters is crucial to a company's success, regardless of its size or scope. Bringing on a full-time in-house counsel or paying bloated fees to a traditional law firm isn't always the right solution, especially for a startup or small business with limited resources.

With Legacy Law's Fractional Corporate Counsel, you get the help you need, when you need it, for as long as you need it.

Whether you require assistance with everyday corporate and transactional tasks or need short-term help for major strategic transactions, we're ready to provide you with cost-effective, high-caliber legal support. Our arrangements can range from traditional hourly billing to a fixed number of hour per week/month to project-based flat fee.

Practice Areas:

Contract Review and Drafting
Draft, review and negotiate commercial contracts, vendor agreements, services agreements, IP/license agreements, employment contracts and other legal documents

Corporate Governance
Manage corporate governance matters, including board meetings, corporate resolutions, and drafting of policies and procedures

Mergers & Acquisitions
Support your business team and existing legal counsel on M&A transactions and other strategic transactions, including due diligence, contract negotiations, and preparation of ancillary documents

IPO/Financing Transactions
Prepare your S-1 or S-3 for equity offerings; draft necessary corporate governance and board committee charters; draft and negotiate documents for other financing transactions, ranging from SAFE notes to preferred stock offerings to convertible debt agreements

SEC Compliance
Draft, review and file Securities Act and Exchange Act filings, including forms 10-K, 10-Q, 8-K, S-1 and S-3 for equity offerings, section 16 filings or proxy statements

A fractional general counsel is an attorney who works for your business as an independent contractor and who may have other clients. You may contract with a fractional GC for a set amount of hours or a specific rate per month at considerable cost savings over hiring an in-house general counsel.

Within the contracted amount of time, a fractional general counsel performs the same types of services as a general counsel, focusing on the legal, commercial, or regulatory affairs affecting your company. A fractional general counsel may be involved in:

• Legal advice and guidance

• Compliance-related projects

• Legal operations

• Regulatory work and risk assessment

• Collaborating with your finance department on budgeting and reporting

• Working with HR to address employee-related issues

• Contributing to commercial or product strategies

• Negotiate with external parties

The exact scope of a fractional general counsel’s work depends on the engagement. In many cases, a fractional GC may also perform additional duties like crisis management, public advocacy, or conflict resolution for an additional cost.

What Is Fractional General Counsel?

Why a Fractional GC Makes Sense

1. Customized Legal Advice

Unlike traditional outside counsel, a fractional GC has an established relationship with you and your business. They are familiar with your goals, challenges, and operations and can quickly address new issues or concerns.

2. Predictable Legal Costs

With a fractional GC, you have the advantage of predictable costs for your legal needs, simplifying budgeting. However, unlike an in-house GC, the cost is not fixed and you do not need to employ someone full-time to solve your legal needs. This is ideal when you're unsure if you have enough legal work to justify the headcount.

3. Benefits Funding and Capital Strategies

Adding a fractional GC to your team may benefit your funding and VC strategies, as many lenders and investors appreciate seeing an attorney on the leadership team, even if it’s only part-time.

4. Proactive Legal Solutions

All too often, companies seeking to save money only invest in legal services when they have an issue or a challenge. Working with a fractional general counsel saves money while ensuring a proactive, preventative approach to potential legal and compliance issues.

Fractional GC is an innovative, flexible way for new and growing businesses to meet their needs for ongoing legal services at a more affordable price. If you're curious whether Legacy Law may be right for your legal needs, contact us today at anand@thelegacylawgroup or call 916-276-1892 for more information.