Legal Advisory Services Legal Advisory Services are gaining popularity within the Indian legal market. Outsourcing of those services has certainly become one of the growing trends within the bar. It lightens the workload of the firms and potentially cuts costs as well. Due to the complex business environment and rapidly changing business norms, companies are exposed to strict compliance needs and face new business challenges. Kanakkupillai has deep and rooted knowledge of legal norms and industry standards. Our legal advisory services help our clients to stay competitive and compliant within the current market situation. We provide legal advisory services in the genres like legal, tax, and accounting. Our experts will address all aspects of your business and resolve them effectively. Legal advisory services give assistance to the companies in lawful matters related to their client activities, industry presence, size, and location. Expert team of lawyers that holds sufficient experience in handling issues associated with legal compliance, due diligence will serve you proficiently and legally lookout of you during mergers, takeover, IPOS, etc. Organizations dealing in legal advisory services will examine compliance documents and internal policies to form sure that they're implemented consistent with the provisions of the law. Benefits of Legal Advisory Services Legal outsourcing is that the best way for companies to manage their complex and time-consuming matters. It is a crucial factor that affects the legal industry immensely. Outsourcing of legal services is done with the motive to avail the benefit of significantly lower costs. Five Key Benefits Of Outsourcing Legal Advisory Services: Access To Emerging Technology Outsourcing of legal services gives in-house lawyers access to the latest technology, research tools, and high-end storage services. Moreover, the company’s sensitive documents will remain protected and service providers who hold specialization in litigation support will also guide in documentation, document storage, and transcription. Cost-Effective Outsourcing legal services proves cost-effectively beneficial to the organization. It can cause huge cost-saving, since hiring qualified personnel and investing money and time in training them can end up being quite costly. But when you choose to outsource these services you need not spend a single penny on the employee’s training. Access To Trained Professionals Obtaining the guidance and help of external professionals decreases the overall time that you may need to complete a legal process. Indeed, you'll experience an improvement in the quality of service. Outsourcing also reduces the workload of in-house employees and manages to fill the gap between internal competencies. Round-The-Clock-Service The amalgamation of on-shore and off-shore team members gives the legal organizations the liberty to complete their tasks within a shorter span of time. For example, the 12-hour time difference between the US and India eases the level of operations and reduces the delivery time. Increased Flexibility Outsourcing legal advisory services help in reducing the extent of workload and lets the organization specialize in other core areas of business. Furthermore, a mixture of external and in-house talent also helps outsourcing firms deliver their services as per the stress of the clients. Law firms can also obtain benefits by avoiding incurring fixed costs in the form of salaries that an organization is bound to pay to permanent employees. Who is a Legal Advisor? A lawyer who gives legal counsel to organizations is known as a legal advisor. A legal advisor holds a specialization in the particular areas of law. They can manage your issues associated with contract disputes, compensation issues, workplace conflicts, etc. They also give expert advice in matters related to corporate decisions, mergers, and acquisitions, corporate growth, or other practices. Legal Advisor Duties and Responsibilities Draft And Negotiate Contract Legal advisors possess the knowledge of drafting agreements like consultant contracts, collaboration agreements, and other various types of contracts. Reviewing existing contracts and creating new documents also are a part of the legal advisor’s job. Ensure Compliance With Corporate Laws The legal advisor holds expertise in corporate law and examines all company practices and works hard to ensure that the corporation is adhering to all federal and state legal limits. A legal advisor understands all legal norms and regulations associated with the business during which they're working. Provide Counsel For Employee And Management Conflicts Legal advisor resolves matters related to sexual harassment, labor dispute, and other employee conflicts. The advisor applies his relevant knowledge in checking out these issues. Legal Advisor Skills The Legal Advisor is a critical thinker and holds expertise in managing organizational and problem-solving skills. They excel in time management, negotiation, goal-setting, and deadlines. The legal advisor must have the ability to work with no supervision. Plus, he has got to be a team player who displays leadership skills. Additionally, a legal advisor demonstrates the following skills: Core Skills 1. Reviewing and creating contracts, agreements, and other legal documents 2. Negotiating in-house and outside contracts 3. Analyzing corporate policies and practices for adherence to laws and regulations 4. Applying knowledge of employment laws to resolve conflicts and ensure compliance Advanced Skills 1. Strong understanding of financial practices and concepts 2. Knowledge of MS Word and Excel also as Adobe Acrobat