My Inhouse Lawyer
Introduction
Choosing a legal partner is a key decision for many businesses.
While law firms remain essential for certain types of legal work, many SMEs and growing businesses are now looking for a more commercial, responsive and cost-effective alternative for their day-to-day legal needs
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What is the difference between My Inhouse Lawyer and a law firm?
My Inhouse Lawyer is next-gen solution which offers the:
- Breadth and scalability of law firms
- Embedded experience of an employed inhouse lawyer or legal team
- Flexibility of fractional lawyers
- Active use of Legal AI/Tech
It provides ongoing, embedded legal support, with senior inhouse lawyers acting as an extension of your business. It’s a good choice for the business as usual legal and commercials matters that arise in the day-to-day to flow of work. In contrast, a law firm typically provides external advice on a projects
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My Inhouse Lawyer vs Law firms
Choosing the right legal support model can have a significant impact on cost, speed and commercial outcomes. The comparison below highlights how My Inhouse Lawyer differs from traditional law firms
Feature My Inhouse Lawyer Law Firms Role in your business Embedded, acts as part of your team External advisor Seniority All senior experts with minimum 10 years professional experience Junior lawyers for SMEs Expertise Strong generalist skillset Siloed subject experts Role similar to Finance Director or CFO Accountancy firm Engagement model Ongoing, flexible support Project-based or reactive Commercial approach High - business-focused More legal/technical Implement advice High Low Strategic input High Limited Cost structure Predictable monthly or flexible pricing, no bill shock Hourly billing, often unpredictable costs and bill shock Cost efficiency High Low Responsiveness Fast, direct access to your lawyer Slower, often queue-based Understanding of your business Deep and ongoing Limited to specific matters Integration with your team Integrated Not integrated Scalability Scalable and joined up Scalable but costly, and disconnected Use of Legal AI/Tech Integrated where beneficial Varies, often traditional Best for Ongoing legal support for SMEs and scaleups Complex, specialist or one-off matters In summary
The table above shows that law firms are best for complex matters such as litigation, competition law or tax. Whereas My inhouse lawyer is best for business as usual legal and commercial where it helps to have someone who understand your business, is responsive, practical and affordable
My Inhouse Lawyer combines the (i) quality, breadth and scalability of law firms (ii) the embedded approach of an employed inhouse lawyer, (iii) the flexibility of a fractional lawyer with (iv) the use of Legal AI/Tech, making it an attractive option for SMEs and scaling businesses looking for best of breed
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When is a law firm the right choice?
Law firms are often the right choice when you:
- Need highly specialised one-off legal advice for example tax law
- Are dealing with litigation or court proceedings
- Require jurisdiction-specific expertise
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When is My Inhouse Lawyer the better option?
My Inhouse Lawyer is typically the better option when:
- You need project or ongoing legal support
- You want a lawyer who understands your business
- You want faster, more commercial advice
- You want to reduce legal costs over time
In summary
While law firms are essential for complex one-off matters, My Inhouse Lawyer provides a more integrated, commercial and cost-effective solution for businesses that need ongoing legal support