A big mistake of a big company?

It is big news today that an Anglo-Australian mining company has decided to quit London-based law firms and recruited in-house lawyers in Delhi to work on drafting company contracts and reviewing documents, apparently saving a significant amount of money.

Before making such a big decision, the company could have considered alternative solutions such as using the services of a firm of experienced company secretaries, whose one of many responsibilities is contract and document review in accordance with legislation and statutory obligations. Some might not know, but company secretaries do a lot of legal work which isn’t classified as legal in standard terms. Their hourly rates are much lower than the lawyers’ rates, they know company law inside out and have the appropriate reference libraries available.

It might be well worth for companies in a similar situation to call us first and check what a company secretary can do for them.