Corporate Counsel: What It Is and How an Attorney Can Help

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corporate counsel

Whether a company is big or small, having reliable legal representation can be critical to solving problems before they evolve into something far more complicated. As a result, many companies retain corporate counsel in an effort to have legal advice at their disposal. If your company is considering retaining corporate counsel but need to know more about its benefits, here is how Chicago business attorneys at Anthony J. Madonia & Associates can help.

Minimize Risk
In many situations, corporate counsel can help a company minimize risk. For example, rather than create and implement a new policy only to discover it violates the rights of employees, corporate counsel can not only assist in creating policies, but also review them prior to implementation. As a result, costly and embarrassing lawsuits can be avoided.

Buffer Between Company and Employees
In some cases where employees have disputes with their company, corporate counsel can act as a buffer between the company and the employee. This will be critical in the event an employee files a lawsuit, since they will of course have attorneys on their side. By a company retaining corporate counsel, this will allow the company’s attorneys to do the negotiating while the process plays out, rather than putting this burden on human resources personnel who are not trained to handle complex legal matters.

Interpreting Laws and Regulations
With more and more laws and regulations now on the books, companies often struggle to understand which ones apply to them and how various rules should be interpreted. Rather than take a chance on misunderstanding regulations and facing stiff fines and penalties, it is best to work with experienced and knowledgeable corporate counsel who can provide guidance on how to proceed.

If your company is in need of expert corporate counsel, contact Chicago business attorneys at Anthony J. Madonia & Associates for a consultation.