skip to main content
 
 
 
News
In the News
Aug 21, 2019

Kobi Bessin speaks to Advocate Daily about the importance of external counsel for smaller businesses

Share:
AdvocateDaily.com View original

For small and medium-sized companies without in-house counsel, developing an ongoing relationship with a trusted adviser that you can turn to for assistance and guidance on a myriad of legal issues is key to driving efficiencies and ensuring compliance, says Toronto corporate lawyer Kobi Bessin.

Although some companies may opt to use external counsel in limited situations to save on costs or try to deal with situations on their own, Bessin, a partner with Torkin Manes LLP, tells AdvocateDaily.com this is where problems can occur.

“Without proper legal advice, you may have missed something, and it’s not so much from the perspective that you’ve read the contract, you can negotiate the contract, and you know what it says, but do you know what it ought to have said? Or do you know how you could have said it better so that there is no discrepancy, there’s no vagueness, things of that nature?” he says.

As such, Bessin explains, it is preferable to build a relationship with a legal adviser, so that, the same way a business would reach out to a chief financial officer or head of sales on a matter, the lawyer becomes de facto in- house counsel to ensure the company is complying with laws and regulations. For example, the adviser can provide a second set of eyes on anything from a contract to a distribution agreement, employment agreement, real estate lease, or work with the company on other matters such as mergers and acquisitions, litigation or tax planning.

This article originally appeared on AdvocateDaily.com. To read the complete article, visit AdvocateDaily.com.

Related News

In the News

Kobi Bessin speaks to Advocate Daily on how advance preparation can help drive an efficient business sales process

Selling a business is a significant undertaking — but by doing advance preparation in-house in collaboration with a team of advisers, owner/mana...
Sep 20, 2019
Firm News

Torkin Manes shortlisted by Chambers Canada for the 2019 Regional Law Firm of the Year Award

Torkin Manes is honoured to be shortlisted by Chambers & Partners in the category of Regional Law Firm of the Year for the 2019 Chambers Canada Aw...
Sep 18, 2019

Torkin Manes named Regional Law Firm of the Year at the 2019 Chambers Canada Awards

Torkin Manes is proud to announce that our firm has been recognized as the Regional Law Firm of the Year by Chambers and Partners at the 201...
Sep 17, 2019