How to recruit legal counsel for your growing business, with Amy Rowland

Comments? Suggestions? Text the show here! New opportunities, increased revenue, and more employees are all signs of a growing business.  But for founders, an uptick in legal expenses is a sure sign of growth too.Bringing the right in-house counsel into your business delivers advantages, including knowing your business better and responding quickly to all your legal concerns and requirements.So when is it time - and what is the process - of hiring an in-house legal counsel? What should you look for in an applicant, and what is a realistic budget for this investment? In this episode of Help, My Business Is Growing, my guest Amy Rowland and I examine the art of recruiting legal counsel into your business, from fractional legal help to hiring an in-house counsel full time. Amy Rowland is a legal recruiter and founder of Varia Search, a boutique legal recruiting firm that fills legal department roles, from general counsel to paralegals, in startups and tech companies. In this week's episode, we discuss:2:00 How is a Fractional Talent Acquisition Consultant different from a recruiter specializing in the legal field?3:00 Definition of terms: What is an outside counsel? What is an in-house counsel? And what is general counsel?5:00 When do you know it's time to hire someone to be your in-house counsel vs. just an outside counsel?6:25 Is there a difference between a startup needing in-house counsel versus an already established business? 7:15 What quality should business owners look for when hiring an in-house counsel?8:30 Is it beneficial to hire someone with prior experience working with the smaller companies/startups versus someone who's been in larger companies?11:15 What is a realistic budget to have, inclusive of recruitment fees and fully loaded benefits to offer to a successful in-house counsel applicant12:40 How do fractional legal counsels work?13:45  What roles are founders recruiting more of as their companies are growing?15:11 What is it that makes a great salesperson?16:45 What does the process of involving a Fractional Talent Acquisition Consultant in a growing business look like? 18:00 What is the difference between a contract manager and a junior lawyer? 19:02 If trying to budget, can startup founders or business owners combine hiring an in-house junior lawyer with a more senior outside counsel? 21:07 What is the next tangible step to take to determine if your business needs in-house legal counsel?Resources:Amy Rowland, Founder of Varia Search, a boutique recruiting and consulting firm:https://www.variasearch.com/Kathy Svetina, Fractional CFO:https://www.newcastlefinance.us/Blog post | How to Recruit Legal Counsel For Your Growing Businesshttps://www.newcastlefinance.us/post/how-to-recruit-legal-counsel-for-your-growing-businessIs your growth causing financial headaches? Sales up, but profits lagging? Financial practices stuck in entry level mode?Don't worry, it's not you—it's your financial setup.Introducing NextGen Finance Blueprint by NewCastle Finance. This CFO-led roadmap: • Brings fuzzy finances into focus • Gives you a clear money picture • Creates a step-by-step action planReady to level up? Visit newcastle.finance/blueprint