What is OF COUNSEL? What does OF COUNSEL mean? OF COUNSEL meaning - OF COUNSEL definition - OF COUNSEL explanation.
Source: Wikipedia.org article, adapted under license.
SUBSCRIBE to our Google Earth flights channel -
Of counsel is, in the legal profession of the United States, often the title of an attorney who has a relationship with a law firm or an organization, but is not an associate or a partner. Some firms use titles such as "counsel", "special counsel", and "senior counsel" for the same concept. According to American Bar Association Formal Opinion 90-357, the term "of counsel" is to describe a "close, personal, continuous, and regular relationship" between the firm and counsel lawyer. In large law firms, the title generally denotes a lawyer with the experience of a partner, but who does not carry the same workload or business development responsibility.
Formal Opinion 90-357 of the American Bar Association provides four acceptable definitions of the term:
A part-time practitioner who practices law in association with a firm, but on a basis different from that of the mainstream lawyers in the firm. Such part-time practitioners are sometimes lawyers who have decided to change from a full-time practice, either with that firm or with another, to a part-time one, or sometimes lawyers who have changed careers entirely, as for example former judges or government officials, or attorneys who transition from corporate/in-house practice to law firm practice.
A retired partner of the firm who, although not actively practicing law, nonetheless remains associated with the firm and available for occasional consultation.
A lawyer who is, in effect, a probationary partner-to-be: usually a lawyer brought into the firm laterally with the expectation of becoming partner after a relatively short period of time.
A permanent status in between those of partner and associate, having the quality of tenure, or something close to it, and lacking that of an expectation of likely promotion to full partner status.
The title may be used by lawyers in a number of situations, including:
Lawyers who have useful experience for a firm (such as knowledge of a particular "niche" practice area) but do not generate enough business to warrant promotion to partnership.
Senior lawyers seeking relatively low working hours, billable hours and revenue generation requirements.
Lawyers transitioning from in-house or government roles.
Some firms also use the term to refer to attorneys hired on a temporary basis to assist with a particular case. However, because "of counsel" describes "a close, regular, personal relationship", temporary lawyers used by law firms to engage in document reviews for a specific project or for limited duration are not "of counsel".
The average annual base salary for Of Counsel in the United States has been listed at US$216,019 (with salary varying depending on size/reputation of the firm, location of the firm, and the attorney’s years of experience). At highly prestigious law firms, an "of counsel" may make as much as US$375,000 per year.
0 Comments