The Real Costs of Full-Time vs. Flexible Lawyers
By Axiom Law
Today’s GCs struggle with increased demands and smaller budgets. Facing an avalanche of legal matters, they need an ever-increasing range of in-house expertise to meet a highly variable workload, yet budget pressure renders hiring a wide and deep bench impractical. The COVID economy has only amplified these issues, escalating enterprise risk at a time when companies have grown increasingly cost-sensitive.
Innovative GCs are responding to this new normal by transforming the way legal resources are aligned to legal matters. They recognize that engaging flexible talent is the cost-efficient approach to building a high-performing legal team. Building that legal team requires a nuanced understanding of the cost structure of both full-time and flexible lawyers. However, many GCs lack visibility into the black box of hiring costs.
In our new whitepaper, The Real Costs of Full-Time vs. Flexible Lawyers, we introduce a proprietary calculator to identify hidden in-house hiring expenses and compare the cost of fixed talent to equivalent flexible resources. The paper also examines how engaging on-demand attorneys not only optimizes spend, but minimizes risk, and maximizes the value of the in-house team.
To view the calculator and learn three simple steps to incorporate on-demand talent into your team, download our whitepaper.
Read how a derivatives and structured finance lawyer combines his consulting with in-house transactional work at one of the world's largest insurance providers.
Read how a UK lawyer with decades of experience continues leading legal teams at one of the world's largest banks.
Lawyer Sneha Pathak has built a dynamic career in contracts and Intellectual Property law through her Axiom engagements.