The inside story of corporate law firms in London

Corporate law firms in London fuel trust and long-term associations with our clients through capable and creative legal counseling, precise communication and opaque billing practices. Their attorneys understand that the success of a client’s company asks for a balanced approach of avoiding legal problems while positioning their company for growth. They come up with innovative business strategies to manage risks and efficiently solve problems so their clients can focus on the continued success and growth of their business.

Legal suggestion for regular operations

These attorneys understand that clients look for their advice so they can make business decisions, not because they are interested in legal theories or have an abstract curiosity about federal case law. Despite the complexities of laws and regulations, they strive to find advice that is on-point, actionable and not cluttered with self-serving disclaimers or endless discussions of improbable eventualities.

The advice is based on the perception of clients’ business objectives that appear only from open and regular communication. Where appropriate, they can work with long-term clients to establish communication and reporting protocols to ensure that their clients stay updated about the progress of their business transactions and they keep aware of changes and developments within the business.

Manage a company’s budget

A majority of clients are established businesses with executives and principals who understand that legal fees and expenses are part of the costs of operating business. They also understand that you look for value in return for those legal charges. The best corporate law firms build long-term relationships with their clients based on trust and professional service, but also based on the idea that we add value to your business by providing cost-effective solutions and clear, sound advice. Through regular interaction and open communication, a law firm can help you manage your corporate legal budget and even be a trusted member of your management team. Through an understanding of a company, the industry and the underlying business objectives, they can help you estimate an appropriate legal budget to help you manage the legal costs of doing business and defending your company’s legal rights. They can tailor our services to meet your needs. This can include working on a traditional hourly rate on a project basis, or a customized fixed monthly or annual budget for outside legal department services.

It’s a general belief that corporate legal departments area at the risk of skipping an important opportunity. Far too many of them are looking for comparatively small, short-term savings, and doing so in a way that could disapprovingly damage key relationships. Corporations should aim higher. This is a once-in-a-lifetime chance to do four significant things: (1) allocate legal work to the providers best suited to a particular task, rather than paying a premium for one-stop shopping; (2) reduce legal costs without sacrificing quality; (3) develop greater transparency and accountability; and (4) emerge greater value from in-house counsel.