Practice 03

Virtual General Counsel.

A trusted legal partner, for the long term.

Overview

For some of its clients, the firm acts as an external general counsel. To family-held SMEs, mid-cap businesses and entrepreneurial groups that do not wish to build an in-house legal function, it offers a trusted partner, accessible at any time, intimately familiar with the business.

The mandate is not reducible to making skills available. It establishes a continuity. The firm becomes the natural interlocutor of the director and the management functions on all matters with legal implications, from the most routine to the most significant.

Angle

Reduce legal noise,
free the director’s time.

A growing business produces law continuously. Without an in-house legal function, this flow becomes a cognitive burden. The mandate consists in absorbing this flow so that only what merits the director’s arbitration is brought to their attention.

Three types of business.

01

The family-held SME

A business held by a family or a long-standing shareholder, led by a director close to the capital, where the legal function is not destined to become a department. The firm serves as its stable partner, midway between ad hoc counsel and integrated function.

02

The patrimonial mid-cap

A mid-sized business built around a single trade, deployed across several sites or several markets. The complexity here is primarily operational. The firm articulates its presence with the existing internal functions and supports the consolidation of legal policy as the business grows.

03

The entrepreneurial group

A set of companies organised around a founder or a family, exercising several distinct trades through several entities. The complexity here is primarily structural. The firm takes charge of overall legal coherence, the articulation between entities and the coordination of local counsel by jurisdiction.

What falls within the standing mandate.

Day-to-day life of the business

  • Review and negotiation of commercial contracts
  • General terms and contractual policies
  • Client, supplier and partner relations
  • Leases, occupations, authorisations
  • Protection of intangible assets
  • Addressing disagreements before they escalate

Corporate matters

  • Holding of corporate bodies
  • Accounts approval and formalities
  • Shareholders’ agreements and internal conventions
  • Routine capital operations
  • Delegations of authority and governance
  • Simple internal restructurings

Coordination & oversight

  • Interface with specialist counsel
  • Coordination of local counsel abroad
  • Arbitration of sensitive matters
  • Preparation of the director’s decisions
  • Documentation and legal traceability
  • Regulatory monitoring tailored to the business

How the mandate
takes shape.

Framework

A mandate agreement

The framework is defined in writing, in an agreement that specifies the scope covered, the authorised interlocutors, the availability arrangements, the conditions for instruction and the fixed-fee remuneration. The mandate is concluded without time limit and may be reviewed periodically.

Cadence

A regular meeting

The mandate rests on a monthly or bi-monthly meeting with the director, as well as responsive availability for urgent matters. The cadence follows the actual rhythm of the business, not an abstract specification.

Scope

An open field, clear boundaries

The mandate covers the ordinary legal life of the business. Exceptional matters (capital transactions, sensitive files, proceedings) are subject to specific instructions, which the firm may take on or refer to specialist confrères.

Fees

An annual fixed fee

Remuneration takes the form of a fixed fee, adjusted each year according to actual volume and the intensity of the relationship. This fee structure frees the director from the question of time spent and underpins a calm, long-term relationship.

Commitment

Know a business over the long term.
Accompany it through the years.

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