18 Aug 2022

What is the role of a Legal law consultant in an organization?

Legal advisors educate companies with all information relating to law. Human attitude is “something legal is a blocker in the way”. These days businesses are easily becoming a victim of breaking laws and regulations, because of their complexity and unawareness. It is very difficult to afford such costs on a day-to-day basis for the business.

Businesses benefit from legal consultancy services by receiving timely solutions and legal advice on compliance, intellectual property protection, contracts, and restructuring. Legal consultant law firms are not blockers, they are Partners to run the business efficiently and fairly.

For a long time, with the traditional approach, unique tools, and legal knowledge having no real competition, this sector was excluded from the normal business rules- forecast, cost, turnaround time, efficiency, budgeting, etc. According to recent research, 40% of the law firm consultants are not confident of their current models to provide future requirements and another 43% are not certain at all.

In Today’s scenario Legal consulting is forced to think about the key factors - Information Technology, Regulatory, Competition, and Changing Trends, which could take them into a different world of challenges. Following this approach to technology, knowledge, and tools, Legal Consulting should make a drastic transformation by coming up with new business models. Models that provide the best solutions and services to the client and business.

According to the Hon’ble Finance Minister, the Indian Government is thinking about the liberalization of the legal market allowing foreign legal firms to function in India, and India and UK have signed several agreements including liberalizing the Indian legal market. This will allow more global law firms to enter the Indian market giving tough competition to the Indian law firms.

The Patparganj Industrial Estate in Delhi NCR hosts legal consultants. To make employees aware of the legal laws and system, law firm consultants conduct timely workshops and training. A business' success depends on legal consulting. It can be assured that the organization is in good hands if it is given free rein as a functional unit.