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CosmoCom to Immediately Enhance Bottom Line by Outsourcing Legal Services to General Counsel Solutions.

GCS Provides Senior-Level, U.S.-Based Legal and Business Expertise at a Cost Advantage over in-House Counsel and Outside Law Firms

NEW YORK -- General Counsel Solutions, LLC, (http://www.GeneralCounsels.com), a leading provider of outsourced legal services, today announced that leading global provider of Unified Customer Communications, CosmoCom, (http://www.Cosmocom.Com), has selected General Counsel Solutions (GCS) to deliver on-demand and high-caliber outsourced legal services. The new collaboration benefits CosmoCom's bottom line by providing the functional equivalent of an in-house general counsel at a cost advantage over either an employee or a typical outside law firm. The Legal Process Outsourcing (LPO) move offers CosmoCom all the advantages of corporate-savvy, in-house or retained counsel 24/7 without the expense or objections normally associated with outsourcing.

"CosmoCom chose General Counsel Solutions and its network because the GCS' experienced, former in-house counsels and executives offer hands-on, senior-level experience and insights - both domestically and globally - that competitors simply could not match. They see the big picture and understand our business needs and could integrate seamlessly with our executive and sales teams from Day One," said Steve Kowarsky, executive vice president and co-founder of CosmoCom. "It was exactly what we needed, and it has already delivered on its promise."

Unlike most legal outsourcing firms, GCS offers the collective experience and expertise to focus on corporate projects that typically require an in-house, legal perspective, including:

* contract drafting and negotiation

* general corporate legal work

* HR/employment law matters

* outside law firm management

"Outsourcing is an economic and business necessity - and a growing reality, with industry analysts projecting U.S. legal services market potential at $3-4B this year and $20B by 2010," said Gregg Schor, CEO of General Counsel Solutions. "The legal requirements of most venture-capital funded technology companies, like CosmoCom, require savvy, senior-level talent, but not enough to justify the cost of full-time, in-house counsel. Globalization further increases the risks and need for greater legal input. We also address the fact that small and emerging companies are typically unprepared for due diligence events."

Until General Counsel Solutions, "outsourcing" legal services was synonymous with "overseas" and its associated issues and challenges: cultural, language, security, labor issues, inexperience and more. The appeal of lower costs was offset by the perception of inferior quality and the view that overseas outsourcing was more appropriate for high volume legal work, such as document review or case research.

GCS designates a single point of contact for each client but charges only for the actual work performed. Clients are not billed for costs typically associated with account management by streamlining the process and differentiating between substantive legal and other functions. GCS also offers clients the option of 24/7 access. Clients typically see a 30 to 50 percent cost savings over in-house legal counsel and outside law firms.

The GCS network of seasoned professionals live and work in the United States, where they were also educated and admitted to practice law. Overseas partners are also veteran legal professionals trained in their resident countries to address both the local and global needs of fast growing companies. Consequently, GCS can act as in-house counsel, manage work overflow to augment existing in-house counsel, and collaborate with law firms when the specialization of outside law firms are necessary, such as litigation, patents, and IPOs. Because GCS professionals are also former corporate executives, they create a symbiotic relationship with a client's existing legal counsel and executive team.

About CosmoCom

CosmoCom, the global leader in Unified Customer Communications, is revolutionizing the whole range of business/customer interactions, not just in formal call centers, but for all information workers. Its technology improves customer service and increases revenue while reducing cost by consolidating many independent virtual contact centers on one all-IP platform that integrates easily with other VoIP network components and with the Information Technology environment. Organizations can obtain the full benefits of this technology by deploying it themselves or by working with a network service provider that hosts it on a dedicated or shared-platform basis. CosmoCom is the most-selected provider of hosted contact center platforms to top-tier telcos worldwide. Its multi-tenant platform, CosmoCall Universe, is a Contact Center On-Demand (CCOD) system designed to unify all communication channels and all major contact center functions. CosmoCom customers include service providers such as BT, Deutsche Telekom, France Telecom, Telefonica, NTT, VSNL, PLDT, Verizon Business, and many others, as well as Fortune-class enterprises throughout the world. For more information, please visit www.CosmoCom.com.

About General Counsel Solutions

General Counsel Solutions allows companies to outsource a critical but non-core function - legal - at a substantial cost savings while still maintaining the highest standards, and in many cases improving internal efficiencies and preparedness for due diligence events. GCS differentiates between work that requires the specialization of a law firm and the kinds of work which would better serve companies if performed from an in-house perspective. Providing on-demand access to outsourced, cost-effective legal expertise through a single point of contact, General Counsel Solutions clients include small to mid-sized businesses that are venture-backed and publicly-traded, high-growth technology companies located around the globe. Headquartered in New York City, the General Counsel Solutions network extends to Europe and the Middle East through strategic partnerships. For more information on General Counsel Solutions, please visit: www.GeneralCounsels.com.

General Counsel Solutions does not provide legal advice and is not a law firm. The attorneys who comprise the GCS network are independent and do not constitute a law firm among themselves. General Counsel Solutions is a registered trademark of General Counsel Solutions, LLC, and is used for the sole purpose of marketing General Counsel Solutions' services and not for the practice of law.
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Publication:Business Wire
Date:Feb 6, 2007
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