Of Counsel relationships remain a strong area of interest for lawyers who are drawn to the idea of creating a professional affiliation. In that quest, there are many misunderstandings about what an of counsel relationship is:
To better understand of counsel relationships, start here. Also see this excellent post from Solo Practice University.
If you decide to pursue an of counsel relationship, enter into a written agreement to avoid misunderstandings. See the American Bar Association publication, The Of Counsel Agreement, 4th Edition. If you are an Oregon lawyer, save money at checkout by using our ABA Books for Bars discount code, OSBPLF.
Of counsel arrangements may also implicate your professional liability coverage. If you are an Oregon practitioner, please contact our coverage experts at 503.639.6911 or 800.452.1639 – particularly if you carry excess professional coverage liability with the PLF.
If you are forming an of counsel relationship and have any uncertainty whatsoever about how to craft a proper agreement, consult with outside counsel. Lastly, Don’t confuse being of counsel with being an independent contractor. See Mission Impossible? Working as an Independent Contractor in Oregon and this post. [Pertaining to contract lawyers, but providing a good review of the issues surrounding independent contractor status.]
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