Traditionally, companies have had two possible ways of handling their legal affairs: hire one or more lawyers to work internally or buy counselling one assignment at a time from external service providers such as law firms. In-house lawyers know the company and its business well, are part of its everyday life, and are able to anticipate future legal development needs. However, larger law firms are able to offer expertise in a number of different areas, which cannot be fully covered by an in-house lawyer.
Fondia’s service model and in particular its flagship service – Legal Department as a Service (LDaaS) – combines both of these elements. Our lawyers work with customers on a long-term basis and over half of them have an in-house counsel background; they understand how law is used for business. On the other hand, our team of over 80 lawyers has the wide-ranging expertise that companies may need at different stages. The service package is designed according to the needs of each customer, and can be scaled to suit both small and large companies. Corporate transactions and other independent projects can also be handled through the same contact.
We have, along the way, noticed that LDaaS fits an underserved market perfectly: it is ideal for companies for whom it is not cost-effective to hire their own lawyers or a larger legal department, or for whom commissioning individual assignments is difficult and costly. Purchasing individual legal services requires know-how – you need to be able to identify and anticipate needs, and know where to obtain the service most cost effectively.