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It's like "counsel" but you wear a propeller hat
Genius answer!
Special counsel are partner track associates that did not make partner; senior counsel are partners that aged out of partnership; and IIRC Of Counsel were partners that stepped down from partnership (voluntarily or involuntarily).
Been a few years since working there but I believe the above is correct.
Do special counsel ever get promoted to partner?
What does a special counsel make (~12 years out of law school)