The Rise of Fractional General Counsel
22 Oct, 20244 minutesA Fractional General Counsel (GC) is an emerging trend in the legal industry, especially for start-ups and fast-growing companies. This role allows companies to hire experienced legal professionals on a part-time or project basis, typically when they don't require or cannot afford a full-time General Counsel. Fractional GCs provide high-level, hands-on legal support, helping to navigate critical legal needs without the overhead of a full-time hire.
Fractional General Counsel vs General Counsel
The primary distinction between a Fractional GC and a traditional General Counsel lies in employment structure. While a General Counsel is a full-time employee of the company, a Fractional GC operates as an independent contractor. This flexibility allows companies to engage a Fractional GC on-demand, giving them more control over costs and legal resources. Startups and smaller companies often prefer this arrangement as it allows them to maintain a legal presence in their leadership team without the expense of a permanent hire
What Does a Fractional General Counsel Do?
Fractional GCs bring senior legal expertise into start-ups or small businesses, often during crucial growth stages like fundraising, acquisitions, or regulatory compliance. Their generalist skillset allows them to manage a range of legal issues—from drafting contracts, protecting intellectual property, and ensuring regulatory compliance to advising on employment law and litigation matters. This versatile approach helps companies address the most pressing legal needs while maintaining flexibility in resourcing.
Legal Needs of Start-Ups and SMEs
Start-ups often face numerous legal challenges, including:
- Entity Formation and Structure: Choosing the right legal structure (LLC, corporation, etc.) to protect against liability and ensure tax efficiency.
- Fundraising Compliance: Meeting regulatory requirements, especially in complex fundraising scenarios involving securities laws.
- Contracts and Agreements: Drafting employment, partnership, and vendor contracts that protect the company’s interests.
- Intellectual Property Protection: Securing patents, trademarks, and copyrights to safeguard the core business idea from competitors
According to recent data, start-ups often underestimate their legal needs, which can lead to costly problems down the road. In a fast-paced environment, a fractional GC is a cost-effective solution, ensuring legal risks are mitigated without overwhelming the budget. As start-ups look to scale, 70% report legal services as a top concern, underscoring the importance of having accessible legal support.
Why Fractional GCs Are in Demand
In today’s landscape, hiring a full-time GC can be prohibitively expensive for early-stage companies. A fractional GC provides flexibility by offering legal expertise for a fraction of the time and cost. These professionals are often engaged for specific goals like closing an investment round or navigating industry regulations, allowing businesses to scale without long-term commitments.
Our Services
At JMC Legal Recruitment, we have extensive experience in sourcing top-tier Fractional General Counsels for fast-growing businesses. Our network of seasoned legal professionals means we can match companies with the right expertise to meet their needs—whether they require help on a short-term project or ongoing legal oversight. Engaging a fractional GC through a recruiter also streamlines the hiring process, ensuring your business can focus on growth without legal distractions.
By outsourcing your legal needs with JMC Legal Recruitment, you gain access to expert advice that is both cost-effective and strategically beneficial, helping your business hit the ground running with confidence. If you're interested in learning more about how we can help, contact us today: 0203 865 2113