chief legal officer, CLO

Why should you consider a Fractional Legal Officer?

The trend of hiring part-time or fractional executives for specific roles in a company (e.g., finance, marketing, auditing) has been around for a long time. One example that has seen significant growth in recent years is the appointment of a fractional Chief Legal Officer (CLO).

Engaging the services of a fractional legal officer can relieve the executive team from legal worries and do so at a fraction of the cost of hiring a lawyer for each emerging issue.

This article will guide you through what a fractional legal officer is and the numerous benefits that hiring one can bring to your business.

What is a Fractional Legal Officer?

A fractional legal officer is a qualified business and employment lawyer retained by a company on an ad hoc or part-time basis. Fractional legal officers are usually hired at a fraction of the cost of a regular retainer for a private practice lawyer.

A fractional legal officer offers peace of mind by providing consistent legal help and advice while understanding the intricacies of your company. Instead of retaining a lawyer for every small query, you can simply call your fractional legal officer for updates and advice.

Fractional legal officers assist with various matters, including (but not limited to):

  • Hiring and onboarding
  • Terminations and severance packages
  • Performance reviews and employee management
  • Policy compliance and handbooks
  • Human rights and disability accommodation
  • Contract drafting and reviews
  • Workplace investigations

These are areas a company might manage independently but can lead to significant issues if handled incorrectly.

What are the Benefits of Having a Fractional Legal Officer?

There are many compelling benefits to having a fractional legal officer:

In-depth Knowledge of Your Business

Unlike a lawyer hired for a single problem or to draft a specific contract, a fractional legal officer will have ongoing knowledge of your business. You won’t need to spend time explaining your business operations or expectations, saving you time and money. A fractional legal officer can also better meet your needs by understanding the larger context of your business.

Peace of Mind

Whether drafting contracts to avoid legal issues or representing you in case of legal action, you can trust your fractional legal officer to provide top-notch representation at a lower cost than hiring a lawyer for each issue. Imagine having a trusted advisor who is always a phone call away, ready to help you navigate any legal challenge.

Senior Legal Advice at an Affordable Cost

Hiring a law firm might involve various lawyers working on your case. When you hire a fractional legal officer, you ensure that someone with senior experience and knowledge handles your legal matters. This means you get high-quality advice without the high price tag.

Long-term Savings

Instead of paying for a lawyer for each issue, you can turn to your fractional legal officer for ongoing tasks. Startups, in particular, can save significantly on legal fees related to contracts and hiring by having a fractional legal officer. This approach can free up valuable resources, allowing you to invest more in growing your business.

Freeing Up Your Executive Team

A fractional legal officer can handle many tasks that would otherwise fall to the executive team, allowing them to focus on critical business areas. A fractional legal officer uses their expertise to create plans that reduce stress and improve business operations. Your executives can then concentrate on driving the company’s vision forward.

Full-service Support with Rapid Response

With a fractional legal officer, you receive quick responses and expert handling of any legal matter. Whether it’s an urgent compliance issue or a routine contract review, you can rely on your fractional legal officer to be there when you need them.

What are the Options When Hiring a Fractional Legal Officer?

When hiring a fractional legal officer, various packages are available, whether on a full-time or as-needed basis. Check out this page for more information.

Conclusion

Whether your business is a startup or an established small company, a fractional legal officer ensures you receive sound legal advice tailored to your business at a reasonable price. Legal matters will be handled quickly and expertly by a lawyer who knows your business and its needs.

If you’re interested in hiring a fractional legal officer for your startup or business, reach out to the team at Achkar Law for more information.

Contact Achkar Law

If you are an employer interested in hiring a fractional legal officer, our team of experienced workplace lawyers at Achkar Law can help.

Contact us by phone toll-free at 1 (800) 771-7882 or email us at [email protected], and we will be happy to assist. 

Explore Our Fractional Legal Officer Program at Achkar Law

Looking for tailored legal support without the commitment of a full-time hire? Achkar Law’s Fractional Legal Officer Program provides flexible legal services to fit your organization’s needs. Benefit from top-tier legal experience on an as needed or project basis, ensuring your company stays legally compliant while managing costs effectively. Ideal for businesses seeking strategic legal guidance and support.