Use of Outside Counsel Policy

The "Use of Outside Counsel Policy" is a legal template that outlines guidelines and procedures for engaging external legal services in a business organization. This policy defines the circumstances under which the company may seek the assistance of outside counsel and provides a systematic approach for selecting, hiring, and managing external legal representation. The policy aims to ensure that the organization effectively leverages the expertise of outside counsel while maintaining cost control and adherence to ethical practices. It may cover topics such as the criteria for engaging outside counsel, the approval process for retaining new legal firms, fee arrangements, conflict of interest considerations, expectations regarding communication and reporting, evaluation of outside counsel performance, and termination of their services. The "Use of Outside Counsel Policy" serves as a comprehensive framework to streamline the process of engaging external legal resources and protect the interests of the company in legal matters.