Subscription-based inhouse legal counsel services are a new business model offered by the legal industry to provide cost-effective legal services.
Legal subscription services create long term relationships between the client and their legal counsel – without the client having to hire a full-time in-house counsel or employment law consultant.
In this article, our experienced in house legal counsel, Farrah Motley, explains what exactly are subscription-based in-house legal counsel services and how businesses can benefit from this service.
Subscription-based inhouse legal counsel services refer to a model where businesses (and our clients) pay a recurring fee to access expert legal support on demand.
This means the business can “subscribe” to ongoing legal services and benefit from services such as ad-hoc legal advice, contract reviews, document drafting and access to our expert lawyers.
Generally, legal subscription services operate on an annual or monthly payment model. Clients can make a one-off annual payment or recurring monthly fee to receive access to a predefined scope of our virtual law firm services for the required period.
Each subscription plan is different and will depend on the requirements on your business.
Here are some common features of subscription models that subscription-based law firms can offer:
These services enable our clients to navigate legal challenges more efficiently, make informed decisions, and mitigate risks, enhancing the growth and success of their business.
Here are some key benefits of subscription based inhouse legal counsel services:
Most traditional law firms have a team of specialist lawyers to assist businesses. However, they don’t work in a structured, consistent, and efficient manner. Instead, each lawyer often has their own approach and methods of handling legal matters, which is inconsistent and unhelpful for most clients.
Subscription-based in-house legal counsel services provide structured and consistent methods for legal services. They typically develop streamlined processes, standardised templates and best practices to ensure consistent and efficient delivery of legal services.
With multiple communication channels—calls, texts, email, or video conferencing—clients can directly and quickly engage with our legal team, facilitating real-time solutions to legal issues.
Some businesses often hesitate to consult lawyers for routine matters due to the complexity and cost that can come with legal matters and traditional law firm approaches.
Lack of time can discourage businesses from seeking legal representation, especially for what they perceive as minor or routine legal matters. Subscription-based models remove these barriers and clients can turn to their in-house legal team without hesitation.
Clients can access flexible and tailored legal support for tasks like document adjustments, compliance checks, employee performance issues or intellectual property advice. This on-demand access empowers businesses to address day-to-day legal needs seamlessly.
Whether you have a quick question, need to make minor adjustments to a document, our inhouse legal advisors are ready to provide fast and efficient support.
Subscription-based inhouse legal counsel services often leverage technology to provide affordable legal services. Technology plays a crucial role in optimising efficiency, reducing costs, and improving the overall value proposition of these services.
By automating repetitive tasks, managing documents efficiently, and eliminating the need for physical office spaces, these services offer high-quality legal expertise at competitive rates. This increases productivity and reduces the time spent on administrative tasks, allowing the legal team to focus more on providing valuable legal advice and guidance to clients.
We operate as a remote law firm to eliminate the need for physical office space and the associated costs. This allows businesses to receive premium legal support without the financial burden of traditional law firm hourly billing or navigating the hiring process.
Unlike traditional firms that rely on hourly billing, subscription-based models provide cost certainty.
Instead of billable hours for legal work, clients pay a flat fixed fee as part of their subscription. Therefore, clients know exactly how much they will pay monthly or annually.
These subscription plans provide a pre-negotiated scope of services. This scope sets out the specific legal matters and services that are included in the subscription. It ensures clarity and transparency about what legal support the client can expect without incurring additional costs.
Additional legal needs outside the agreed scope can also be addressed at transparent rates, ensuring flexibility without unexpected (and exorbitant) expenses. These additional services can be tailored to the client’s legal needs, such as specialised litigation support, complex contract negotiations, or general legal advice.
Businesses with subscription legal counsel services are more likely to address minor legal matters promptly, reducing errors and avoiding costly disputes if a minor matter is not dealt with properly in the first instance. This means that their legal matters are correct from the beginning, which greatly reduces the number of legal problems down the track.
Clients are much less likely to end up in lengthy disputes with their suppliers or customers, because they can contact their outsourced lawyer before a potential dispute arises.
Subscription-based inhouse lawyers work closely with clients to identify potential legal risks and develop strategies to mitigate them before they become a major problem. For example, when a new law on pay secrecy clauses came out, subscription-based inhouse counsels were able to advise their clients that they did not have pay secrecy clauses in their employment contracts.
Reach out to Prosper Law today to see how our subscription based in house legal counsel and affordable fixed fees could help your business!
Traditional firms often charge hourly rates, making costs unpredictable. Subscription-based legal services, on the other hand, provide a flat fee model that offers predictable pricing, ongoing support, and proactive legal guidance.
This also allows a strong relationship to build so you have an expert legal team who knows your business, legal history and risk appetite (such as preferred outcomes or compromises). Our team of legal counsel have years of experience as in-house lawyers and know that commercial legal guidance is important to all businesses.
Subscription-based in-house legal counsel services are transforming the way businesses access legal expertise, offering an efficient, affordable, and proactive approach to managing legal needs.
All businesses, from small to large, startup companies, and growing enterprises can benefit from subscription-based legal services.
This arrangement provides access to expert legal counsel, without the expense of hiring a full-time in-house lawyer or the complexity of hiring a new law firm for each issue as it arises (sometimes before its too late).
Most subscriptions include services like consultations, contract reviews, and compliance advice.
Additional services, such as litigation support or complex negotiations, can often be accessed for an additional fixed fee based on the client’s needs and requirements of the scope.
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We provide legal advice to business and individuals across Australia, no matter which State or Territory you are located. Our easy-to-access, online legal services mean that you can talk to our lawyers wherever you are, at a time that suits you.
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