Advantages of a Palladium CLO

Header Image: Advantages of a Palladium CLO

Unique Support for Greater Competitive Advantage

1. Convenient Accessibility
Internal legal counsel is available when executives need help most – and more importantly, when they don’t realize they need it. With a CLO as part of the management team and engaged in operational meetings and discussions, executives get immediate advice for pressing issues, and for those they may not realize they have or that may develop. Often, it is casual conversations held in the office that help to inform and resolve issues before they are even perceived as problems.

2. Targeted Expertise
An experienced CLO will know the details of your industry and competition, understand the relevant business issues, and quickly learn the daily operations of your company. This hands-on knowledge allows for a more effective and timely identification of potential legal issues, and provides solutions that accomplish business objectives in the least business-restrictive manner.

3. Greater Efficiency
With in-depth knowledge of your business, in-house CLOs work most efficiently and effectively and provide more detailed and relevant advice on any issue, whether management believes it to be just a business issue, or otherwise. Most re-works or misunderstandings around legal issues are avoided, thereby saving time and money and resulting is accomplishing objectives better and faster.

4. Trusted Partnership
In-house CLOs are also trusted business partners to the organizations they work with. As such, they not only provide sound business and legal assistance; CLOs act as a liaison with retained law firms when outside projects are required. As the lead for managing activities and fees, your CLO ensures your company is getting better value and productivity from the outside firm.

5. Flexible Time and Budgeted Fees with no Commitment
While every company benefits from utilizing a legal executive, not all need or have the resources for a full-time employee. He or she performs all the typical legal services required to keep the business headed in the right direction, but also helps your business meet objectives better and faster, at your desired risk tolerance. Your dedicated Palladium CLO provides in-house legal expertise at a fraction of the cost required to hire full-time General Counsel – with terms that are perfect for your business.

  • engage a CLO for any number of days per week, from one day to full time
  • pay flat rates that can be budgeted and provide a known monthly cost
  • no commitment of time duration is required
  • no hidden fees or charges
  • receive service for every hour paid