Outsourced in-house legal services for businesses in Vietnam

Currently, most businesses in Vietnam are small and medium-sized. In the process of operating businesses, if they want to build their legal department, the cost of operating an internal legal department will be quite expensive. Moreover, finding and training human resources will also be time-consuming, not to mention that good, qualified individuals often choose to work in the legal department of reputable businesses and corporations. At that time, the use of outsourced legal services provided by companies and law offices has been and is being chosen by many businesses. In the article below, Viet An Law will provide outsourced in-house legal services for businesses in Vietnam.

Legal issues that businesses may encounter during operations

During operation, some legal issues that businesses may encounter include:

• Issues related to internal management, corporate restructuring, corporate reorganization, corporate governance decentralization, etc.;
• Tax and accounting issues such as tax registration, tax payment,…
• Negotiate and sign contracts with domestic and foreign partners;
• Disputes related to employees: labor regulations, labor contracts, salary and bonus regimes, labor discipline, etc.;
• Disputes over intellectual property rights such as patents, trademarks, trade secrets, and copyrights;
• Land disputes, land use rights; lease contracts, rental contracts of houses, land and assets attached to land;
• Apply for a sub-license to conduct conditional business activities according to the law;

These are some issues that businesses need to pay attention to that will arise during their business operations. To handle these issues accurately and quickly, businesses need to proactively comply with the law when conducting business activities and should have the best legal support from professional law service providers.

Why do businesses need outsourced legal departments?

Save costs and resources

One of the biggest benefits of outsourcing legal services is cost savings. Instead of investing in an in-house legal department with its personnel, training, and management costs, businesses can outsource legal services to outside law firms at a lower cost, but still ensure quality.

This is especially important for small and medium-sized businesses that often do not have the financial capacity to maintain a separate legal department, or even large businesses that simply want to minimize costs, workspace, and human resource management.

A legal team with experience, skills, and high expertise

Companies providing outsourced legal services often have a team of lawyers and legal experts with high professional qualifications and many years of experience. When using outsourced legal services, businesses will be exposed to experienced human resources due to having worked with many businesses. Therefore, they have deep and broad knowledge in many fields. With many skills, in many aspects, they will advise and support businesses to seize opportunities and predict market trends, which is extremely useful for businesses and business owners.

Therefore, using outsourced legal services helps businesses take advantage of the expertise and practical experience available from lawyers and legal experts. Meanwhile, recruiting such personnel in the labor market is not easy, and time-consuming, recruitment costs and salary costs are very high or even impossible to recruit.

Increase flexibility and focus on core business

When using outsourced legal services, businesses no longer need to worry about internal legal issues but can focus all resources on developing core business activities. This not only helps improve business efficiency but also increases the flexibility of businesses in adapting to market changes.

Focusing resources on developing core activities helps businesses accelerate growth, leaving behind other competitors in the market.

Stability and longevity

The stability and commitment of an outsourced legal department are much higher than that of hiring regular employees: Experienced consulting companies have been operating for many years and are more committed to the business than inexperienced employees who always want to change their working environment and seek to learn new things at other companies, leading to a high rate of job hopping.

Who should use outsourced legal services for businesses?

Outsourcing legal services for businesses can be applied to all types of businesses. However, this service is more suitable for the following types of businesses:

• Business owners, presidents, directors, vice directors, managers at all levels in businesses, and legal staff need to improve their qualifications.
• Newly established businesses are focusing on product development and market expansion, and do not have enough human resources and resources to build an internal legal department.
• Micro, small, medium, and medium-sized enterprises: Average monthly revenue from 500 million to less than 3 billion VND; Personnel size: less than 15 employees; Business sector: service industry, trade, online business (no foreign element).
• Businesses in the restructuring or merger phase, legal issues are complex and require high expertise.
• Manufacturing enterprises face many legal risks regarding taxes, import and export, environment, contracts, labor…

Scope of outsourced in-house legal services for businesses in Vietnam

Viet An Law is a company that provides outsourcing legal services for businesses, including the following contents:

Consulting on administrative procedures

• Consulting on changing business registration content, transferring capital contributions, merging, dividing, and separating businesses.
• Consulting on business division, separation, merger, suspension of operations, and dissolution
• Apply for a sub-license to conduct conditional business activities
• Provide contracts and forms for working with government agencies.

Consulting on areas arising during operations

• Consulting on tax, insurance, labor, salary, labor… arising during business operations.
• Domestic and foreign investment consulting
• Consulting on intellectual property management in enterprises, developing and protecting intellectual property rights of enterprises.

Update legal documents for businesses

Update new legal documents that affect or are likely to affect the company’s production and business activities and provide them to customers on a weekly and monthly basis.

Draft and review the legal contract

• Participate as a client’s legal advisor in negotiating, signing, and executing contracts.
• Review the legality of documents prepared by the business or assist customers in drafting contracts and transaction documents.

Training and development of corporate employees

Organize legal training and professional development for the company’s staff or as required by the company.

Consulting on handling violations and resolving disputes

• Consulting on measures to handle violations against employees, handling labor discipline, and material liability;
• Consulting and providing solutions to internal business disputes, civil disputes, land, labor, commercial business, etc. during business operations.

Cost of outsourcing legal services to businesses

Cost is one of the important factors that cannot be ignored. The cost of outsourcing legal services can vary depending on many factors such as the scope of services, the size of the business, the complexity of the legal issue, etc.

Viet An Law provides outsourced legal services with many different flexible service packages to meet the needs of each business. The cost of service packages can range from a few million to tens of millions of VND per month, depending on the complexity and scope of services.

The above is information about outsourced in-house legal services for businesses in Vietnam. If you have any related questions or need to use outsourcing legal services of Viet An Law, please contact us for the best support!