A Chief Legal Officer (CLO) is the top legal executive in an organization. They are responsible for managing all legal affairs, plus contractual, compliance, and regulatory matters. Additional duties and responsibilities of a CLO vary depending on the size and nature of the organization they work for, but generally, they are responsible for the following:
A CLO plays a crucial role in protecting the organization from legal risks and ensuring that it operates in compliance with all applicable laws and regulations. A Fractional Chief Legal Officer can be a flexible and economical way to get these skills into a business.
There are many benefits of bringing on board Fractional CFOs to assist a business. Some of those benefits include the following.
Fractional CFOs can be a superb option for a variety of business scenarios. Situations we have frequently seen and where we have provided services include:
Assess – When we start an engagement for a CLO we speak with all stakeholders, understand where your business and Legal, Compliance and Contracts departments are today, and document “as is” processes and workflows.
Recommend – Based on assessment of your Legal, Compliance and Contracts organization, we will recommend best practices specific to your business and market conditions and advise the best courses of action.
Prioritize – We will rank and determine priority actions and the highest value opportunities to optimize your business and the Legal, Compliance and Contracts departments we are offering Fractional CLO services for.
Execute – We will work with your organization to implement and execute any recommendations and best practices based on prioritization.
Consistency – It is our goal to produce stable and predictable results for all business and Legal, Compliance and Contracts departmental processes and deliverables.
Repeatability – We will ensure that processes, deliverables, and workflows are repeatable, well-understood and documented.
We will help provide long term optimization and growth for your Legal, Compliance and Contracts activities.
Defining a Scope of Work and the needs of your Legal department is always the best first step. We are here to discuss our CLO services. After exploration if a match is established, we will identify and define the exact role. During discovery in addition to scope we can define the time frame and the dedicated hours and days required per month. All aspects of our CLO engagements can be flexible, customizable, and scalable.
We look forward to assisting your business and Legal team. Fractional CLO and Interim CLO services are an excellent option for SMBs, startups, businesses in transition and growth mode.
Please reach out to us here to continue discussions.