What is the purpose of “Counsel.” What are benefits of being Counsel. What are the cons?

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

Generally, Of Counsel/Counsel are seasoned attorneys at a partner equivalent in skills/experience. Some counsel are essentially senior associates or working partners that serve in a partner-ish role in their cases. Many of these folks are waiting to make partner as firms use of counsel as a NEP equivalent before equity partnership. It’s super common to bring people in as laterals, especially from government, in a counsel role so they can sort of prove themselves before you make them partner.

A lot of them, especially the more senior ones (you’ll see Senior Counsel sometimes), have special skills that make them uniquely valuable to the partners, like niche expertise or litigation skills. Some are just good lawyers the firm liked but didn’t have a partnership case for or they aren’t interested in partnership. We have a lot of working mothers in counsel roles as it’s more flexible for part time arrangements.

Counsel pay can be a mix between salary or origination credit, and billable requirements vary drastically. People post here several times a week asking about it because it’s generally black box and super variable. Pay typically sits right above the most senior associate level, but part-time and remote counsel positions are really common, too. Some also have guaranteed partner consideration, like say after 2 years or something.

Pros are that it’s a relatively stable thing. It’s not an up and out thing like being an associate, and you don’t have to keep making a business case for yourself like a partner. More flexibility, reduced hour requirements, etc. Cons are that you’re doing a huge chunk of the partnership work but without partnership pay or title. They also aren’t partners so they don’t get to participate in things like firm management, and in the hierarchy you’re below the partners.

likehelpful

Since counsel are often as good (or better) technically than the partners on the case, they frequently get assigned the annoying and/or difficult things that the partner(s) may not want to do. Depos, for example, may be fun the first time, but a few hundred in they get pretty old.

like

Agreed with above ⬆️ depends on the firm so ask those questions to figure out if it’s the right fit for your goals

A1 has a good grasp on it and how much it varies across firms (and within a firm if there are multiple types of counsel).

Personally I get a salary higher than associates but on the same general “scale” and order of magnitude (if there are industry wide raises, I generally get a commensurate bump to a senior associate, and occasional but not always annual raises). I get bonuses commensurate with senior associates as well.

I have a decent amount of autonomy and there are areas where I have specific skill sets that make me valuable (which led to my promotion to counsel) but aren’t necessarily the skills that directly lead to partnership. I help with pitches but am not outright responsible for business development the way partners are. I could possibly end up going up for partner in the future but currently am enjoying feeling like I can do my job well as I’ve got actual experience and confidence, without the “up or out” sword hanging over my head like a senior associate. I also spend time training and mentoring associates, which is something I enjoy, while being someone that can be a non-partner ear for their concerns.

Related Posts

Applying to roles within the same federal agency. I know you need one year within the probationary period, but can I apply to a higher GS level? For example, if I'm GS 9, receive a promotion to GS 11 at the end of probation, would i be able to apply to GS 13 roles if I'm qualified? Tried researching this for hours but only found info on applying to other agencies.

like

Hello Folks,
Good Morning.

Can anyone help me as to how can I start having experience in SAP. All my professional years I haven't got a chance to have a hands on experience but want to get an understanding of SAP.
Can anyone please help me with the same ?

It feels like my pay and title are lower than my scope of duties. I manage Youtube channels and do all strategy, planning, talent management, rework content for socials, reporting, graphic design, + a bunch of other stuff. Do you think I should be something like Video Content Manager? A Strategist maybe? My company doesn't have career pathing & I think they'd be happy to keep giving me more work with the same pay. TIA!!

like

Boomer. I am in between jobs. Laid off in 10/21 after 16+ yrs, with an ABA firm. RIF. Still on excellent terms. Took my time living off generous package and didn’t seriously start applying until 01/22. Made a rookie mistake and accepted first offer.
Turns out job wasn’t as advertised. Mutual parting of ways 3/22. Due diligence is critical.
Now interviewing a LOT. Some temp work, I still have “it”. I relate to all gens. Willing to mentor AND learn from all. Tech savvy, CTE from day one. Leads?

like

What are some social impact start-ups ? Planning to exit consulting.

like

What made you want to go on to become a nurse practitioner?

like

Looking for a position for IAM information Security within Healthcare. Provision, set up access, templates.
SaaS , Sailpoint, Azure . Any ideas ?
Thank you

like

I’m currently working in due diligence and have a long term goal of moving into corporate HR. What skill sets would be most useful and what books/ thoughts leadership should I read to develop into a HR leader?

like

What's the best single site for business of healthcare news, now and in general?

like

Hi fishes,
I have recently joined in a project as a Oracle JD Edwards finance Functional Consultant.
Is this a good ERP to kickstart your consulting career and whether there are good opportunities for this ERP in the future.

like

Hi fishes,
I am currently working as Branch Manager (scale-2 officer) in one of the leading public sector banks and have 5 yr experience in core banking. I am having 2.5 years experience in the IT sector on vision plus as a software engineer (before joining the bank). I have knowledge of core banking as well as good knowledge of banking tools like finacle, caps, imac etc. I want to switch to private financial institutions.
Any suggestions about such institutions and the domain for I can apply

Looking to move from management consulting into marketing. Seems like account management roles would be a good fit since this is my role in consulting. Anyone willing to have an informational chat?

Hi
I am having around 3.6 yoe in mainframe.
I am looking forward to move to aws cloud.
Can anyone please suggest the starting steps?
Thanks in advance for your help.

like

Accounts vs Creatives. Which discipline is better (people, salary, ext) ?

funnylike

Hi Fishes,
What are your views on Verizon data services Bangalore. Is it good time to join as Engineer ll cslt.
What kind of work is given, any inputs are helpful.
Thanks.

like

I am in need of some advice I have a bachelors in healthcare administration. My long term goal would be a CEO of a hospital. I am looking at masters programs and need some advice as what to get my masters in. I could get my masters in healthcare administration but would like to look at something a little different maybe healthcare leadership or something. Anyone have some advice?

like

I have an offer from Capgemini Invent (senior con) and Infosys Consulting (business consulting). Offer almost same.

I am Looking for good learning opportunities.

Any one working in IT M&A /PMI vertical of Capgemini invent please give me your reviews about the work and the quality of projects.

Anyone working in Infosys Consulting SURE COE, please provide your reviews about type of projects. Are all projects in delivery or anything in advisory side as well?

Non tech/ management consulting

like

Any good books for someone trying to understand the business side of marketing? Just got my review an they're asking I bring more of that MBA mindset to projects I'm on.

like

Just spent a whole year doing SOX testing... excited to actually go back into external audit.

like
like

More Posts

Can anyone suggest me the areas near RMZ Ecoworld where I should look for rented flats?

like

Stay or go ?

I'm at an early stage tech start up and gaining experience in an industry that I like. However, I am getting no formal training or sales coaching. Everything I've done so far (Inc. Targeted marketing and prospecting) has been self taught and I feel like I am lacking professional knowledge if I was to move onto a different company, especially considering that I am not involved in the full sales cycle.

like

Like this if you play video games on your work laptop

like

Hi All,can you please let me give me some idea about the following things:

1. what kind of technologies are used in Data Engineering projects in ANZ? Do they work with open source frameworks like Pandas, Pyspark etc. Or everything is done using their internal tools?

2. And is there any opportunity of internal project switch after 12-15 months if I want to work in some different tech stack?

3. How is the work-life balance and job security for people working in India office?

Thanks in advance.

Anyone looking for house share in london (for couple or singles)?

I work for a manager who was an IC for 20 y, and now is making all the classic new manager mistakes. Meanwhile, I left consulting as an EM, so actually have more management experience than him (cont)

likefunny

Power out so I’m off early on a Friday! But, now my power is out…

like

Question! I just moved(transferred) to another team of my company and received new title, graphic & creative services. I was a senior graphic designer at the previous team. What do you think about my new title? I know that title is not a big thing but why I feel like my title is downgraded here… Good thing is my jobs here at my current team are what I really wanted to do. This is amazing. I love my new team and people here! Super healthy working environment! But just curious about the title.

Off-topic - Regarding GMAT Quant private tutor. As I am a commerce graduate, I am looking for someone who can guide from basics. Did a bit of research, Chiranjeev Singh and Rajiv Sharma seem to have good reviews, any thoughts on them?, or any other recommendations?

like

How much annual CTC to expect from EY Parthenon in Singapore as a Manager (B.Tech, MBA, overall 12 years of work-ex)?

like

Is it expected/normal to get pregnant spouse Mother’s Day gift?

like

Best stocks to buy/DCA into during the continued recession/incoming pain?

like

I love watching my 3-year-old's engineering hacks... he wanted to pet the cat so he built a fort out of pillows and waited, now the cat's purring on his lap and they're both asleep

likehelpful

How do vesting schedules typically work for LLCs giving interest to an advisor?

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Hi All,

Can you help me my what will be my in hand salary

Post Photo
like

Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

When you independently search for other opportunities (if you do), what types of roles do you look for?

like

Bain & Company To consultants at MBB’s, Roland Berger, OW, Kearney, Arthur D.Little. When does the openings starts for Junior position.
As I’m checking out for vacancies, I can’t see any at the moment. Usually there’s a timing for when do they open. Any idea? Bain & Company McKinsey & Company Boston Consulting Group Kearney Roland Berger Oliver Wyman Arthur D. Little Limited

like

Where in Dubai do you live? Which areas would you suggest for MBB consultant? Thank you

like

Additional Posts in Big Law

Working on some law firm applications tonight and it sucks that I know that I am so capable and have a strong work ethic but firms can’t see beyond grades or the fact that I didn’t go to a t14 law school or prestigious undergrad. I’ve worked twice as hard and feel like I’ve barely even gotten half as much. It’s discouraging sometimes especially because I worked so hard with pretty much no guidance (first gen, poc, low-income) to get into college and do well and then get into a t30 law school

like

Paralegals: what’s your least favorite thing about working with attorneys?

likefunny

Has your firm restored your pay? Is it worth considering jumping to another firm that is going to pay you what you’re worth? Don’t know about the rest of you, by my student loan interest rates aren’t getting any lower.

like

Whats up with these rumors of six-figure associate bonuses at Skadden?

like

Do you always feel tired? How do you have energy for anything with this amount of work.

like

How do you justify a $100k pay cut to go in house?

likefunny

From a vault ranking perspective, is it safe to assume V100 is all sweatshop big law? Reason I ask is because I want to lateral but not to a gunning big law firm — want to stay in big law but not at the ones at the top of the food chain like I am now. Want some sort of work life balance and wondering if the “lower ranked” big law firms offer this? Could just be my fantasy though…

like

Has anyone at GT not hit their hours in the past?

like

Does anyone have any insight into Arnold & Porter’s tech transactions group? For some background, current litigation 3rd year wanting to make the switch to corporate.

like

Is an offer after only a first screener a red flag?

like

Which firms are actually doing work in the emerging tech space - NFTs, DAOs, and related blockchain fun?

likefunny

I’m a 4th year and I’ve never billed contemporaneously for even a one full week. I guess I’d just rather have one day of torture recording all my hours at the end of the month than that extra little torture daily. I’m wondering how common or rare this is in BigLaw. Thoughts?

likefunny

Thoughts on Dechert FRE (real estate)?

Does your firm let you take 28-30 December off? Many of my team members won’t be working those days and I decided last minute that I’d like to travel somewhere between Christmas and the New Year.

likehelpful

Anyone here a GC/assistant GC at a biglaw firm? How are the hours? Who’s hiring?

like

Anyone have slow months where you burn through a lot of your allotted pro bono/professional development hours to keep hitting minimum daily hours? The past few weeks have been like this for me. Should I be concerned (I.e., will this reflect poorly on me, come review time? Will I have dug myself too much of a hole if I keep burning my non-billable hours?) I’ve been asking partners if I can assist in any projects so I can fill my plate, but I’ve only gotten small (4-6 hour) tasks handed my way.

like

Lol so Bloomberg is basically saying “if you don’t match Cravath, you are a Toyota of the legal industry”. I guess there will be a fight over who is a Rav4 and who is a Camry lolol

Post Photo
likefunny

People who were lateraling without being on track for hours and seeking the year and bonus with the new firm, did the question of hours come up and how did you handle it during interviews to make sure you got the bonus from new firm?

like

Beginning to consider going in house (4th, corp) - I really haven’t thought about what I want, partly because I’m not sure what’s out there/attainable. Is it a bad idea to start by applying to a couple positions that interest me and seeing where that gets me? I’ll of course prep for the interviews but am afraid to burn potential bridges if I ultimately decline because I’m still figuring things out.

like

Lit associates at Goodwin how’s WLB in terms of expectations to work weekends and into evenings/late nights. How’s culture generally? Do people go on vacations and is time off respected?

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