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Of counsel relationships

I have been thinking of going on my own for some time now, a orange905/27/18
It's a common arrangement that makes sense when you need ref jeffm05/27/18
orange9 (May 27, 2018 - 10:32 am)

I have been thinking of going on my own for some time now, and am at the point now where I am going to make the move. For those of you who do not know, I practice primarily criminal defense. I was actually approached by a friend who is currently on his own about partnering with him. We are both criminal defense attorneys, and we each bring something different to the partnership as far as contacts, specialties, experience, etc.

Then, a few weeks ago to a friend who has his own firm with 2 partners brought up a new revenue stream. They have a high volume firm in a non-competing practice area, and have really been focusing on getting their name out there. They've been experiencing a lot of previous clients inquiring about other practice areas which they do not practice, and they are starting to ramp up their marketing. So they are offering to make us of counsel, and advertise and market our practice areas, in exchange for a percentage. They also do not have anyone doing PI, which I hate, but have experience in, and I figure I can take these for them too. Never know when they can bring in a ringer.

Anyway, anyone ever have this type of relationship with another firm before? Thoughts?

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jeffm (May 27, 2018 - 10:43 am)

It's a common arrangement that makes sense when you need referrals. Just be sure you fully understand your state's rules concerning sharing of fees. It might also be helpful for you to research how holding yourself out in various ways can lead all of you attorneys to become liable for the malpractice of each other. For example, putting all your names on the same door to the same office can do this in the absence of other mitigating factors.

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