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.
Harris Texas Of Counsel Agreement with Law Partnership is a legal contract entered into between a solo practitioner or a law firm (the "Of Counsel") and a law partnership (the "Partnership"). In this agreement, the Of Counsel acts as a non-equity partner, providing legal services to the Partnership while maintaining an independent practice. The main purpose of the Harris Texas Of Counsel Agreement is to establish a mutually beneficial relationship between the Of Counsel and the Partnership, whereby the Partnership can leverage the expertise, reputation, and client base of the Of Counsel, while the Of Counsel can access additional resources, referrals, and professional development opportunities through the Partnership. Here are the key elements typically included in a Harris Texas Of Counsel Agreement with Law Partnership: 1. Terms and Duration: The agreement specifies the duration of the Of Counsel relationship, which may be for a fixed term or until either party terminates the agreement upon giving notice. It also outlines the terms of renewal or extension, along with any conditions for termination. 2. Scope of Services: This section defines the nature of legal services the Of Counsel will provide to the Partnership. It may include specific areas of law, industry expertise, or client types. The agreement may also outline any limitations on the Of Counsel's authority or obligations. 3. Compensation and Billing: The agreement addresses how the Of Counsel will be compensated for their services, which can be structured through a variety of methods such as fixed fees, hourly rates, or a percentage of billings. It may also specify how billing, collection, and revenue sharing will be handled, including any expenses to be reimbursed to the Of Counsel. 4. Professional Liability Insurance: This provision discusses the professional liability insurance coverage required for the Of Counsel, outlining the types and amounts of coverage necessary to protect both parties' interests. 5. Client Relationships: The agreement addresses how the Of Counsel will handle existing and new client relationships. It may include provisions for notifying clients of the Of Counsel's association with the Partnership and whether the Of Counsel has the authority to enter into new client engagements on behalf of the Partnership. 6. Firm Resources and Support: This section outlines the resources and support the Partnership will provide to the Of Counsel, which may include access to office space, equipment, staff, technology, training, and professional development opportunities. 7. Confidentiality and Conflict of Interest: The agreement includes provisions ensuring confidentiality of client information and addressing any potential conflicts of interest that may arise due to the Of Counsel's independent practice. Types of Harris Texas Of Counsel Agreements with Law Partnership can vary based on the specific terms and conditions, such as duration, compensation structure, and areas of legal practice. Some common variations include fixed-term agreements, rolling or renewable agreements, retainer-based agreements with set hours or availability, and agreements tailored to specific practice areas or industry niches. Overall, a Harris Texas Of Counsel Agreement with Law Partnership offers the potential for collaboration, synergy, and enhanced opportunities for both the Of Counsel and the Partnership, fostering a mutually beneficial relationship in the practice of law.Harris Texas Of Counsel Agreement with Law Partnership is a legal contract entered into between a solo practitioner or a law firm (the "Of Counsel") and a law partnership (the "Partnership"). In this agreement, the Of Counsel acts as a non-equity partner, providing legal services to the Partnership while maintaining an independent practice. The main purpose of the Harris Texas Of Counsel Agreement is to establish a mutually beneficial relationship between the Of Counsel and the Partnership, whereby the Partnership can leverage the expertise, reputation, and client base of the Of Counsel, while the Of Counsel can access additional resources, referrals, and professional development opportunities through the Partnership. Here are the key elements typically included in a Harris Texas Of Counsel Agreement with Law Partnership: 1. Terms and Duration: The agreement specifies the duration of the Of Counsel relationship, which may be for a fixed term or until either party terminates the agreement upon giving notice. It also outlines the terms of renewal or extension, along with any conditions for termination. 2. Scope of Services: This section defines the nature of legal services the Of Counsel will provide to the Partnership. It may include specific areas of law, industry expertise, or client types. The agreement may also outline any limitations on the Of Counsel's authority or obligations. 3. Compensation and Billing: The agreement addresses how the Of Counsel will be compensated for their services, which can be structured through a variety of methods such as fixed fees, hourly rates, or a percentage of billings. It may also specify how billing, collection, and revenue sharing will be handled, including any expenses to be reimbursed to the Of Counsel. 4. Professional Liability Insurance: This provision discusses the professional liability insurance coverage required for the Of Counsel, outlining the types and amounts of coverage necessary to protect both parties' interests. 5. Client Relationships: The agreement addresses how the Of Counsel will handle existing and new client relationships. It may include provisions for notifying clients of the Of Counsel's association with the Partnership and whether the Of Counsel has the authority to enter into new client engagements on behalf of the Partnership. 6. Firm Resources and Support: This section outlines the resources and support the Partnership will provide to the Of Counsel, which may include access to office space, equipment, staff, technology, training, and professional development opportunities. 7. Confidentiality and Conflict of Interest: The agreement includes provisions ensuring confidentiality of client information and addressing any potential conflicts of interest that may arise due to the Of Counsel's independent practice. Types of Harris Texas Of Counsel Agreements with Law Partnership can vary based on the specific terms and conditions, such as duration, compensation structure, and areas of legal practice. Some common variations include fixed-term agreements, rolling or renewable agreements, retainer-based agreements with set hours or availability, and agreements tailored to specific practice areas or industry niches. Overall, a Harris Texas Of Counsel Agreement with Law Partnership offers the potential for collaboration, synergy, and enhanced opportunities for both the Of Counsel and the Partnership, fostering a mutually beneficial relationship in the practice of law.
