Advice for Of Counsel roles? I am of counsel at a firm where I can set my own rate and keep a percentage of collections, which varies slightly depending on whether the client is one I generated or not. I’m finding that a lot of my work is for firm clients where the lawyer negotiated a flat fee (and the hours worked are less, due to efficiency etc). What is the right way for me to be compensated in this scenario?

like
Posting as :
works at
You are currently posting as works at

When I have served as Of Counsel, I am able to negotiate my rate fairly easily, but am limited to a certain number of hours.

like

Ask for an hourly rate that you can live with, and don’t accept less just to curry favor with the partners. And on work you originate, you should be getting much more, plus a share of other timekeepers on those matters.

I think this is pretty solid OP

like

An hourly rate is the answer for sure. I was changing a flat fee before. But my friend suggested an hourly rate.

Related Posts

Hi Fishes,

I received an offer (28 Lakhs + 3.9 Lakhs incentive) from Novartis for Sr Project Manager yesterday. This was just 13.6% more than my current earnings as Project Manager. I've given the reasons why I deserve at least 30% to HR. In response to that, HR has sent 2nd offer i.e. 29 Lakhs + 4 Lakhs incentive + 50k sign-on bonus. The 2nd offer is just 18.2% higher than my current earnings. Need your suggestion, if I could still negotiate with HR to finalize deal by asking for 25% hike?

like

how does one make sure the client does not send out an RFP ? I am assuming once u build the level of trust with the client you make it all single sourced and keep the competition out.

like

How much can I ask from TIAA ?
Role - Analyst, Software Developer
Java Fullstack developer
yoe - 2.7 yrs
Cctc - 7lpa

Can anybody provide any insights about citibank project in @Synechron. How is the work life balance here?

like

Hey fishes,
My cousin got an offer of 10LPA (including joining bonus of 1L) in
Airbus as a fresher. Can someone let me know the base pay for the same?

Also, how good is the company to work?

like

Hi everybody.
Right now I’m working as a junior product engineer in Amsterdam. From januari on I’ll be a medior product engineer. And now I’m in the middle of negotiating about my salary increase. The salary that I’m being offered feels low (41.5k).
Is there an other product engineer that could tell me if my gut feeling is right or not? Thanks in advance!

Hi, I have got offer from NTT, expected at least 9 LPA , how can I negotiate , have 2 years of experience in same domain (python & ansible) . Get selected for SRE Role. How much I can expect from them.

like

Larsen & Toubro Infotech Any reviews in MLops in LTI hyderabad
Got an offer of 21LPA
YOE is 4.5 Larsen & Toubro Infotech

like

Let’s talk comp — I’m a remote head of recruitment with 6 years of experience being paid 75K base plus bonuses that got me to 90K this year. I’m interviewing for other jobs, and have a potential offer at $130K base. Any idea what the market is like? Is seems like anything between 72K and $250K is possible. I have no idea what to ask companies for.

like

When a client says, “they’re already handling the change management of this work, so no need to scope that part” and they’re referring to a 70-page checklist of tasks...

Post Photo
likefunny

What is the salary range for epic application analyst pharmacist? I was offered 135k and have 3 years of experience. I am Willow and Inventory certified and have the ability to work remotely. I am based out of the Cincinnati area.

like

Hi, How long can a person remain on bench at Infosys Infosys Infosys Limited, Basically what are the bench policies here, project allocation etc , Any Info will be appreciated

How much are other AGMs getting paid in fine dining?

Hi Guys,I joined Cognizant as a BA.One client took interview for RPA Project.I was pretty happy it's a new tech but into the project the onsite BA's r doing all the work n m just creating documentation.I am really frustrated.I picked cognizant of many good offers.They r spoiling my career.What shud I do? Tell my manager or just resign.Its not good leaving company in 6-7 months.
Plz help.

like
like

I have joined nagarro in Jan and till now my journey has been very good ,but listening to recession news I am getting tensed is nagarro secure in recession if u are in a project and performing gud,should I look for another company or here job is secure .please old nagarrians reply

like

Do we have professionals from Brisbane, or other Australian cities here?

I wanted to know what do you guys think I should ask for expected compensation - my profile is :

3 Years into InfoSec compliance around ISO27001; SSAE-18; CIS

1 Year into Identity and Access Management (PAM focussed)

Holding ISO27001LA, CompTIA Security+, AZ900.

In next 4 months I target to achieve AZ500, and CISSP.

Can someone please evaluate and tell me what can I ask in AUD ? Pre and Post CISSP

Thanks in Advance

like

Hey, what are the salary bands for Consultio / Consultius?

What are the typical projects and what are the management like?

likefunny

Any idea what is 80% and 120% salary range for AVP(B8) in Natwest Group India?

like

Hi fishes,

I am getting an offer from Nagarro as associate staff engineer.

My current CTC is 20,
Nagarro offering 27 max and 3lakh joining bonus.
Tech stack and yoe: AWS + NodeJS and 6.4 yoe

Intiatially they told they are considering me for staff engineer role but after interview they are offering associate staff engineer. Is it worth to join?

What is the minimum yoe required for associate staff engineer and staff engineer roles?

like

More Posts

What US law firms tend to hire more LLMs?

like

Example post:

24F,📍Carmel IN, willing to relocate within US only, Sunni

Wear a niqab/don't eat halal/don't drink/do shisha/have tattoo etc

likefunny

Salaam, unsure if this is the right bowl, but does anyone have any recommendations on books that discuss the history of Pakistan? It’s formation, etc. Thanks

like

This app has changed.

Hi Fishes,

My current CTC is 16lpa and received an offer of 24.5lpa from
UST Global. But I have one doubt before joining UST Global, how much would be the annual appraisal hike on an average in UST?

YOE: 7
TechStack: Boomi

like

Waiting for the Avon shit storm LOL

Post Photo
likefunny

Does anyone know if Timothy Keller is still preaching in NYC? Otherwise church recommendation for NyC ? Will be flying in from Europe so evening service would be great !

like

merry christmas and happy holidays everyone!

I’m currently an ERP implementation consultant with 3 YOE at Deloitte. I want to get into strategy at MBB entry level. Can someone give me a referral at McKinsey, Bain, or BCG. Thanks! Please DM me

Got hired by BDO Dallas and will be starting soon, would it be such a heavy ask if I asked them to transfer me to the Austin office? My boyfriend has been trying to get a job in Dallas but he hasn’t

Hi Fishes,

Can anyone refer me in kpmg

Tech stack: ping federate, saml, SSO, oauth, openid
Yoe: 2+
Lwd: 10/Jan
Location: Kolkata, Bangalore

McKinsey fishes: I’m now in final round of interviews. Realized I don’t know anything about the benefits package. What are the key things you like about benefits, e.g. the free health plans?

likefunny

How many leaves are there in PwC AC. Do you guys have winter disconnect?

Let's see how many likes my tomato pots and I can get to unlock dm’s

Post Photo
likehelpful

Anyone else finding it really hard to care about super bowl commercials this year? They feel like a relic from another time to me.

likesmarthelpful

Barclays global service center I looking for a job a Cash application and Invoice processing. I have total 4 years of experience and currently serving notice period 25th Dec is last working day.. Could anyone please consider my me for the open position..Tata Consultancy ZS Associates EY India Capgemini Barclays global service center Barclays KPMG India

like

Anyone up for Sxxting.. M here...

I was asked about compensation before the screening call. How much do I ask for TC for a second program manger position that’s non technical in accounting?

like

Additional Posts in Small Law / Solos

Has anyone used a coaching service for their firm? If so, any recommendations?

like

Started my law firm this month. Have a few of-counsel positions and want to do mostly litigation (civil and commercial in NY). Besides word of mouth and networking, have any of you found any websites or services that generate legitimate leads?

like

I'm on a contract and asked if they wanted to continue their anwser was yes but we need to check our budget. I didn't hear back about a full time offer and just applied around well why do I feel guilty about interviewing with competitors when they haven't given me a writen offer?

like

Bookkeeping service recommendations? Virtual service or through your CPA?

like

3 attorney firm. I’ve been here for 6 years and have used Westlaw exclusively. Now we are switching to Lexis because apparently Westlaw is too expensive. I hate change. I know where everything is on Westlaw and now I need to relearn. Apparently Westlaw will not budge on price and would rather just see a client leave than work with them. Super annoying. Any insight on negotiating Westlaw or transitioning to lexis?

like

Managing attorneys in small firms - how much do you make?

I'm in South Florida. Currently a 6 year associate at a small firm (~12 attorneys, 55 staff). Making a move towards Managing Attorney position that they are considering hiring from outside the firm for. I'm going to make the case that they should promote from within and give me the position. I'm objectively a good candidate for it. Question is... what's a good salary for that position? What do you make? Thanks.

like

I believe improving one’s sales conversion rate is something everyone want to improve but no one wants to admit they would like to work it. Funny how lawyers will spend thousands on seminars to improve trial skills. But this topic is not discussed in our profession. I have read books in sales. But am unable to find any for lawyers. I want convert every lead I can. Does anyone have tips, books, cle’s or studied this topic?

like

Do solos get to write off pro bono work at all?

like

Which practice area has the most amount of room for creative problem-solving? (And enough $$)

like

Does anyone run a business in addition to their firm? I’m a solo and I’m doing pretty well with about 60-70 billable hours a month. Though that leaves a lot of downtime. Curious if anyone has any second businesses that require about 20 hours a week. Not looking for passive income or franchise ideas though.

like

Anyone practice DUI in Orange County, CA? Please dm me. TIA

like

Anyone have recs for best tax law training resources?

like

Does anyone have any insight regarding compensation for the “of counsel” position? I’m specifically looking for insight from those in California. Thank you!

like

Has anyone received equity as contingency comp? I have a potential client with a founders dispute. He doesn’t have cash, and the other founder ripped him off and is now running the company. He wants to sue for equity and wants to pay me with whatever equity he wins. I’ve never done a deal like that. Is that even enforceable? CA law. The startup is actually quite promising.

like

Plaintiff side question - comp is base plus % of fees. Firm has non equity split % with associate working on case. This normal for a non equity partner? Normal associate comp is full % when working with an equity partner.

like

Has anybody opened a residential real estate law firm? What are the margins and hours like? Thanks!

like

Does anyone share the feeling of wanting more lawyer friends in their circle? Sometimes it’s nice to talk about anything besides the law and work; yet, other times, I crave talking to people who share similar experiences and can bounce case ideas and strategy, vent about opposing counsel and Judges, etc...you know, people who just “get it”.

like

Does anybody have a resource available for pricing and billing? I am 2 years out of law school, working as a corporate attorney, and wanting to go solo. Ideally, I will take my corporate client with me, but am working to build work on the side during the transition. Also, do you have any recommendations for document preparation? I would like to draft wills, trusts, and other estate planning documents, but would like a resource that has boilerplate provisions to utilize as a reference.

like

I'm entering my final year of law school but am going part time since I work full time as a paralegal. I have been a paralegal for more 10+ years and I want to open my own firm after I pass the bar.

I've worked at a lot of different size firms including a startup with a few attorneys and I was able to help with a lot of the ground work with getting the practice management system in place and still do some of that now at my current firm. Has anyone done this right out of law school? Any advice?

like

I have my own practice for past 5 years and have spent a lot of time building up brand and reputation. I'm thinking of bringing on partners but am trying to figure out how to structure compensation, profit sharing and equity while maintaining control. I dont want to do associates bc I need someone with more experience than I can afford. Does anyone have any ideas on how one can up a law firm?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal