Is it time to get a captive… er, in-house, lawyer for your business?

Is your business big enough, and your legal outlay large enough, to bring an in-house lawyer on-board? The answer is more complicated than you might think.. I tackle it in the December 2011 Legal Eagles, The Pros and Cons of In-House Counsel (Alberta Venture).

Featuring James Pasieka, Calgary managing partner of national law firm Heenan Blaikie LLPBonita Croft, vice-president, legal, general counsel and corporate secretary with Trican Well Service Ltd.Anita Dusevic Oliva, senior legal counsel and corporate secretary with Inter Pipeline Fund, and Adam Pekarsky, founding partner of legal recruiting/consulting firm Pekarsky Stein.

Sister piece: Why Business Lawyers Say No and Why It’s Not Necessarily A Bad Thing (December 2011, Alberta Venture).

Oh, quotable me:

or your first legal hire, you don’t want an inexperienced lawyer to just shuffle paper or run to your (overpaid!) external counsel for help every time you ask her a question. You need someone to keep reins on those external lawyers and their propensity to bill in six-minute increments.

Oh, quotable you:

“It’s a dirty little secret of the legal community: Even some of your best-paid partners at some of the biggest, most profitable firms in the city would jump at the opportunity to be a startup company’s first counsel.” Adam Pekarsky

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