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?

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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.

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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

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

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