Justifying a PLC Law Department subscription

Justifying a subscription to PLC Law Department

What is PLC Law Department?

A web service providing in-house lawyers with continually maintained materials (standard documents, guidance notes and so on) covering all key areas of business law. For full details of the web service, see About PLC Law Department (www.practicallaw.com/2-107-4664).

A subscription to PLC Law Department provides:

  • Access to continuously updated documentation and material for lawyers.

  • The know-how infrastructure of a large City law firm (with 120 professional support lawyers) at a fraction of the cost.

  • The tools to equip an in-house legal department to instruct law firms in an intelligent and cost effective way.

  • A wide range of training activities, the majority of which count towards CPD requirements.

Key advantages to the business:

  • PLC provides the essential tools and know-how to equip in-house lawyers to do their job well.

  • Less time is spent on research freeing up time for the in-house lawyer to provide “value added” advice to the business.

  • When it is necessary to instruct law firms it will be done with more control and focus.

  • PLC provides a law firm quality support service at a fraction of the cost of using external lawyers.

The law department will:

  • Have immediate access to material (including practice notes; checklists; standard documents and so on) across 18 practice areas, across the breadth of commercial law (and now including private client law).

  • Receive regular updates of key legislative and regulatory changes which impact on the business along with details of new material added to the site.

  • Be able to use PLC know-how to give initial advice on legal practice areas which it is unfamiliar with, rather than having to approach external law firms at additional cost.

  • Have the ability, for instance, to use PLC materials to create an advanced first draft and then ask external lawyers to spend a limited time reviewing it for major omissions/mistakes.

  • Use our automation tools to create a first draft of a standard document quickly, and use our drafting notes to adapt our standard documents to your business' specific needs.

  • Work far more effectively on cross-border issues with access to information identifying key issues and fault-lines in foreign jurisdictions. Our Q&A tool allows users to select a number of jurisdictions and quickly generate a comparative view of how key commercial issues are dealt with across them.

  • Keep up-to-date with market practice through our online deals database that lets you search and compare a wide range of public company transactions.

  • Develop professional skills, maintain CPD requirements and manage legal risk through easy access to online training, podcasts, events and training materials - all included in the subscription.

PLC Law Department is priced to reflect the needs of in-house lawyers with access to materials across a wide range of practice areas at a realistic price to the business.

Employing (an) in-house lawyer(s) without providing the materials they need to do the job makes no sense − like employing a builder and refusing to buy them the tools they need!