In the United States and Canada many large and midsize firms have attorneys with the job title of "counsel", "special counsel" or "of counsel." Unlike associates, and more like partners, they generally have their own clients and manage their own cases. The title is often seen among retired partners who maintain ties to the firm.
Oklahoma Of Counsel Agreement with Law Partnership: Detailed Description and Types An Oklahoma Of Counsel Agreement with Law Partnership refers to a legal arrangement between two law firms, where one firm (the Of Counsel firm) provides its legal expertise and assistance to another firm (the Law Partnership) on a regular or occasional basis. This collaboration allows both firms to benefit from each other's resources, knowledge, and experience, while maintaining their separate identities and responsibilities. In this agreement, the Of Counsel firm acts as a consultant or advisor to the Law Partnership, providing specialized legal services in a specific area of expertise or offering additional support on complex cases. It is crucial to note that the Of Counsel firm is not a formal partner in the Law Partnership, but rather operates as an independent entity with its own clients and objectives. The partnership between both firms is mutually beneficial, as it allows the Law Partnership to extend its range of services and gain access to specialized knowledge, while the Of Counsel firm can expand its client base and enhance its reputation through the association. Key Features of an Oklahoma Of Counsel Agreement: 1. Collaboration Scope: The agreement clarifies the specific legal services or areas of expertise that the Of Counsel firm will provide to the Law Partnership. This may include rendering legal advice, conducting research, offering subject expertise, or participating in case strategy discussions. 2. Duration and Termination: The agreement specifies the duration of the collaboration, whether it is for a fixed period or an ongoing arrangement. Additionally, it outlines the conditions under which either party can terminate the agreement, protecting the interests of both firms involved. 3. Financial Arrangements: The agreement outlines the compensation structure for the Of Counsel firm, determining how fees and expenses will be shared between the two parties. This may include fee-splitting arrangements, fixed fees, or hourly billing rates. 4. Use of Names and Identity: The agreement addresses how the firms will present their partnership or association to clients, ensuring that there is no confusion or misrepresentation of the Of Counsel firm's position in the Law Partnership. Different Types of Oklahoma Of Counsel Agreements with Law Partnership: 1. General Of Counsel Arrangement: This type of agreement involves an Of Counsel firm that provides a broad range of legal services to the Law Partnership, extending its capabilities in different practice areas. 2. Specialized Of Counsel Arrangement: In this case, the Of Counsel firm specializes in a particular area of law, bringing their deep expertise to the Law Partnership. This allows the Law Partnership to offer comprehensive legal services to clients without directly hiring specialized attorneys. 3. Project-Based Of Counsel Arrangement: Sometimes, the collaboration between the two firms may be project-specific, where the Of Counsel firm offers assistance on particular cases or legal matters, rather than a long-term partnership. 4. Collaborative Marketing Agreement: This type of agreement is focused on joint marketing and business development activities. The Of Counsel firm and the Law Partnership establish a strategic alliance to cross-refer clients, participate in joint seminars or events, and enhance their professional network and visibility collectively. In summary, an Oklahoma Of Counsel Agreement with Law Partnership is a legal arrangement that fosters collaboration and knowledge-sharing between two firms. It allows the Law Partnership to expand its services and gain specialized expertise, while the Of Counsel firm can extend its reach and reputation through the partnership. Different types of arrangements exist, including general, specialized, project-based, and collaborative marketing agreements, each tailored to cater to specific needs and objectives of both firms involved.
