what is the difference between an associate and counsel
The biggest difference between a non-equity partner and of counsel is that a non-equity partner is someone who shows the ambition and drive to potentially be an equity partner. They generally have interpersonal skills, are willing to work very hard and also have good legal skills. A law firm like Skadden may pay an of counsel attorney $375,000 a year and bill the same attorney out at $750 an hour. 2  They are happy to do this all day long because it is profitable for them and gives the of counsel attorney enough security to remain happy.