Written by Ananta Cahya Adhikara on 05/08/2024
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.
Legal advisory services are becoming more important in today’s world, as it’s crucial to make sure our actions and daily lives stay free of legal problems. However, not everyone fully understands the laws that affect them, making expert legal advice especially valuable for complex issues. This is where legal advisors come in, helping clients with their legal questions. This article will discuss the benefits and roles of legal advisory services for businesses, focusing on external legal advisory services.
Legal advisory services are essential for people to navigate legal matters related to their specific fields, industry, and activities. These services can be provided by either an in-house legal advisor or a third-party external advisor. With the expansion of society and the economic sector, legal advisory services have become increasingly crucial. Obstacles such as regulatory compliance issues, contractual disputes, intellectual property infringement, and employment law challenges may be encountered, therefore it is important to adapt quickly.
According to Joint Decree of the Chief Justice of the Supreme Court and the Minister of Justice of the Republic of Indonesia Number: KMA/05/SKB/VII/1987; Number: M.03-PR.08.05 of 1987
concerning Procedures for Supervision, Enforcement and Self-Defence of Legal Advisors;
“Legal Advisors are those who provide legal assistance or advice, whether or not by joining a partnership of Legal Advisors, whether or not for a living, referred to as Lawyers/Advocates and Practising Lawyers”
A legal advisor can provide expertise and guidance on various legal matters, such as compliance with laws and regulations, contracts, negotiations, and dispute resolution. These services allow clients to outsource legal matters to a team of experts, freeing up their time and resources to focus on other critical business areas.
Legal advisory services play a pivotal role in maintaining the integrity and smooth operation of businesses and individual activities within the framework of the law. The theoretical importance of legal advisory services can be understood through several key aspects:
Compliance
Ensuring that businesses and individuals comply with laws and regulations that govern their activities is fundamental. Non-compliance can lead to severe penalties, legal disputes, and reputational damage.
Risk Management
Legal advisors help identify potential legal risks and provide strategies to mitigate them. This proactive approach can prevent legal issues from arising and protect the interests of the business or individual.
Dispute Resolution
In the event of legal disputes, legal advisors offer expertise in negotiation, mediation, and litigation. This ensures that disputes are resolved efficiently and in a favorable way to the client.
Adaptability
The legal landscape is constantly evolving. Legal advisors keep abreast of changes in laws and regulations, ensuring that their clients remain compliant and can adapt to new legal requirements swiftly.
Determining the optimal time to engage legal advisory services can significantly impact the effectiveness and efficiency of addressing legal matters. Here are key instances when seeking legal advisory services is most beneficial:
Business Formation: When starting a new business, legal advisors can assist with entity selection, registration, and compliance with local, state, and federal regulations.
Contract Drafting and Review: Before entering into any contractual agreements, legal advisors can ensure that the terms are fair, legally binding, and protect the interests of the client.
Regulatory Compliance: Regular consultations with legal advisors can help businesses stay compliant with evolving laws and regulations, avoiding potential legal issues.
Mergers and Acquisitions: During mergers, acquisitions, or any significant business restructuring, legal advisors provide critical guidance on due diligence, negotiations, and regulatory approvals.
Dispute Resolution: Engaging legal advisors at the onset of a dispute can lead to more favorable outcomes through negotiation, mediation, or litigation.
Intellectual Property Protection: When developing new products, services, or branding, legal advisors can help secure patents, trademarks, and copyrights to protect intellectual property.
Employment Issues: Legal advisors can assist with drafting employment contracts, handling disputes, and ensuring compliance with labor laws.
Engaging legal advisory services offers numerous customer-centric benefits that can enhance the overall functioning and success of a business or individual activities. These benefits include:
Expert Guidance: Clients receive specialized knowledge and expertise tailored to their specific legal needs, ensuring accurate and effective solutions.
Time and Resource Efficiency: Outsourcing legal matters to professionals allows clients to focus on their core business activities, thereby optimizing time and resources.
Risk Mitigation: Legal advisors help identify and mitigate potential legal risks, reducing the likelihood of costly legal disputes and penalties.
Cost Savings: By preventing legal issues and resolving disputes efficiently, legal advisory services can lead to significant cost savings in the long run.
Peace of Mind: Knowing that legal matters are handled by experts provides clients with peace of mind, allowing them to operate with confidence.
Strategic Advantage: Legal advisors provide insights that can offer a strategic advantage, helping clients make informed decisions that align with their long-term goals.
Compliance Assurance: Regular consultations with legal advisors ensure ongoing compliance with laws and regulations, avoiding legal pitfalls.
Engaging legal advisory services involves a structured process to ensure that clients receive the most effective and tailored legal support. Here is a step-by-step guide on how to engage these services:
Identify Needs
Determine the specific legal needs and objectives. This could range from compliance issues, contract reviews, dispute resolution, to intellectual property protection.
Research and Select
Research potential legal advisors or firms that specialize in the required area of law. Consider their expertise, reputation, and client reviews.
Initial Consultation
Schedule an initial consultation to discuss the legal issues and understand the advisor’s approach, fees, and how they can assist.
Engagement Agreement
Once a suitable legal advisor is selected, formalize the engagement through a written agreement outlining the scope of services, fees, and other terms.
Information Sharing
Provide the legal advisor with all necessary documents and information related to the legal matter. Transparency is crucial for effective advice.
Ongoing Communication
Maintain regular communication with the legal advisor to stay updated on the progress and any new developments.
Review and Feedback
Periodically review the services provided and give feedback to ensure that the legal advisor’s support continues to meet the client’s needs.
At Putranto Alliance, we offer comprehensive legal advisory services tailored to meet the diverse needs of our clients. Our team of experienced legal professionals is dedicated to providing expert guidance and support across various legal fields. Here’s how we can assist:
Business Formation and Structuring: We help clients navigate the complexities of starting and structuring a business, ensuring compliance with all legal requirements.
Contract Management: Our legal advisors specialize in drafting, reviewing, and negotiating contracts to protect our clients' interests and ensure legally binding agreements.
Regulatory Compliance: We provide ongoing support to ensure that our clients remain compliant with the latest laws and regulations, minimizing legal risks.
Dispute Resolution: Our team is skilled in negotiation, mediation, and litigation, offering effective solutions to resolve disputes favorably.
Intellectual Property: We assist clients in securing and protecting their intellectual property rights, including patents, trademarks, and copyrights.
Employment Law: We offer guidance on employment contracts, labor disputes, and compliance with labor laws to foster a harmonious workplace. .
Mergers and Acquisitions: Our team is skilled in negotiation, mediation, and litigation, offering effective solutions to resolve disputes favorably.
A response to the inquiry will be sent to your email within 2 working days.
putranto@putranto-alliance.com
Jl. Denpasar Raya Blok C4/24
Kompleks Menteri, Kuningan
Jakarta Selatan, 12950, Indonesia
Click the icons for our social media
