Running a business in Dallas is exciting — and unpredictable. The city’s booming economy, pro-business environment, and access to capital make it a perfect place to scale. But as your company grows, so do your legal risks.
From contract disputes to employment issues, one wrong move can cost you thousands — or even your business itself. That’s where a Fractional General Counsel (FGC) comes in.
At Wallace Law, PLLC, we provide on-demand legal counsel for Dallas businesses that need trusted, affordable, and proactive legal support — without the cost of hiring a full-time in-house attorney.
⚖️ What Exactly Is a Fractional General Counsel?
A Fractional General Counsel is an experienced business attorney who works with your company part-time or on an as-needed basis — essentially becoming your “in-house lawyer” without the full-time salary.
Think of it like this:
- You get the strategic legal insight of a corporate counsel,
- The predictability of a monthly retainer or project-based pricing,
- And the flexibility to scale up or down as your business grows.
This approach has become especially popular among Dallas startups, real estate investors, private lenders, and growing small businesses who want consistent legal guidance but don’t need a full legal department.
💼 Why Dallas Companies Are Turning to Fractional Counsel
Dallas is home to some of the nation’s fastest-growing companies — from tech startups in Uptown to construction firms in Plano and logistics companies in Irving.
But with growth comes complexity. Business owners find themselves facing:
- Contract negotiations that need more legal review,
- HR and employment issues as teams expand,
- Partnership or investor agreements that need clarity,
- Commercial leases, financing documents, and regulatory compliance challenges.
Rather than hiring a new lawyer for every issue or paying premium hourly rates, a fractional general counsel handles it all — efficiently, consistently, and cost-effectively.
📈 The Top 5 Legal Problems That Can Derail a Dallas Business
Even the most successful Dallas business owners often overlook hidden legal landmines until it’s too late. Here are the most common issues we see at Wallace Law — and how a Fractional GC can prevent them:
1. Vague or Outdated Contracts
A single poorly drafted contract can expose your business to major liability. We review, draft, and negotiate contracts tailored to your operations — from vendor agreements to joint ventures.
2. Employee Misclassification & HR Compliance
Texas has specific labor and employment laws that can lead to lawsuits if mismanaged. A fractional GC helps create employee handbooks, ensure compliance, and prevent costly mistakes.
3. Unclear Ownership or Partnership Structures
Many Dallas businesses start with handshake deals. Later, partners disagree on profits, authority, or exits. We draft operating agreements and shareholder documents that protect your ownership rights.
4. Regulatory & Licensing Oversight
From real estate brokerage laws to lending compliance, we ensure your business operates within Texas and federal regulations.
5. Debt & Creditor Risk Management
For businesses expanding on credit or facing financial stress, our counsel includes proactive debt negotiation, creditor protection, and — when necessary — business bankruptcy planning.
🧭 How a Fractional General Counsel Helps You Grow Smarter
Hiring a lawyer only after a problem arises is expensive and reactive. A fractional GC gives you a proactive legal partner who understands your business goals.
At Wallace Law, we integrate directly into your operations — becoming part of your strategic decision-making. Here’s what that looks like in practice:
- Contract Oversight: Every major agreement gets legal review before signature.
- Risk Mitigation: We identify potential liabilities before they escalate.
- Strategic Planning: We advise on mergers, acquisitions, and entity structuring.
- Ongoing Counsel: You have an attorney you can call anytime for real answers — not billable-hour surprises.
In short, we protect your business before it needs defending.
💡 The Cost Advantage: Fractional Counsel vs. Full-Time Hire
Let’s talk numbers.
A full-time in-house attorney in Dallas typically costs $150,000–$250,000 per year, not including benefits. For many small or mid-sized companies, that’s simply not realistic.
By contrast, Wallace Law’s Fractional General Counsel services are available for a predictable monthly retainer or project-based pricing, giving you big-firm expertise for a fraction of the cost.
This means:
- No surprise invoices,
- No billable-hour guessing games,
- Just reliable legal guidance when you need it most.
🏢 Who Benefits Most from Fractional General Counsel in Dallas
Our Dallas-area FGC clients range from early-stage startups to established firms across industries like:
- Real Estate Investment & Development
- Construction & Design
- Professional Services
- E-Commerce & Tech Startups
- Private Lending & Finance
- Healthcare & Professional Practices
Each business faces unique legal needs — but the common denominator is growth. If your company is expanding, hiring, or entering new contracts, now is the time to bring legal structure and foresight to the table.
🔍 Real Example: How Fractional Counsel Saved a Dallas Business $250,000
A mid-sized construction firm in North Dallas came to us after a subcontractor dispute spiraled into potential litigation. They had no prior legal oversight — just a stack of poorly worded contracts downloaded online.
We stepped in as Fractional General Counsel, revised all existing agreements, and implemented a standardized contracting process. The result:
✅ The lawsuit was resolved within weeks.
✅ Future liability exposure dropped dramatically.
✅ The company avoided nearly $250,000 in potential losses.
🧠 Legal Strategy That Scales With You
A major advantage of having a fractional general counsel is continuity. Unlike one-off law firms that only handle individual matters, Wallace Law becomes your long-term strategic partner.
We get to know your business — its people, goals, and challenges — so we can provide legal advice that aligns with your growth trajectory.
Whether it’s preparing for your first investor round or negotiating a multi-property real estate deal, we’re right there with you.
🌟 Why Choose Wallace Law, PLLC as Your Dallas Fractional General Counsel
- Board-Certified Business and Real Estate Counsel
- Deep experience in corporate structuring, contracts, and bankruptcy law
- Flat-fee or retainer-based billing for cost control
- Proactive guidance, not just reactionary problem-solving
- Local presence in North Dallas for in-person strategy sessions
Our philosophy is simple: Every business deserves high-quality legal strategy — not just the Fortune 500.
📍 Take the Next Step: Build Your Legal Foundation
Your business doesn’t have to wait until it’s “big enough” to get the right legal protection. The smartest Dallas companies invest early in Fractional General Counsel services to safeguard their growth.
Let Wallace Law, PLLC help you stay ahead of the risks while you focus on running your business.
Wallace Law, PLLC
📍 8117 Preston Rd, Suite 300, Dallas, TX 75225
📞 (214) 706-9191
🌐 www.wallacetexaslaw.com
