'Of Counsel' Loses Stigma As BigLaw Embraces Flexibility

Law360, New York (August 20, 2013, 6:55 PM ET) -- The 'of counsel' title is shedding some of its second-tier status within BigLaw as more lateral partners trying to jump-start careers and firm leaders looking to lure profitable, nonpartner lawyers embrace the designation, experts told Law360.

While the counsel ranks have traditionally been filled by late-career lawyers, those with niche expertise, or lawyers with political or government contacts, the definition and prestige of the counsel title is evolving in the post-recession era, and is more often viewed as an attractive goal for laterals.

"Given the changing...
To view the full article, register now.