More and more experienced lawyers are considering becoming self-employed as Fractional General or Legal Counsel (Fractional GC) in legal advice. This alternative and flexible consulting model offers the ideal opportunity to use your own expertise in a targeted manner without having to become completely self-employed immediately. A well-thought-out strategy is needed to successfully embark on a career away from the law firm. That's why we've summarized the most important do's and don'ts for you:
Anyone who wants to work as a fractional GC on a part-time or full-time basis must register their own freelance activity with the tax office. It should be clarified first whether the small business regulation is eligible for this or the regular taxation Is more beneficial in the long term. In order to avoid tax pitfalls, it is advisable to consult a tax advisor at an early stage who can provide valuable advice.
Anyone who wants to work as a Fractional GC must ensure that their own professional license That allows. Pure syndicate approval is not sufficient to advise clients independently.
Anyone wishing to work as a lawyer on a part-time basis must have the competent bar association check whether double admission is possible and which requirements must be met. A timely agreement is essential in order to be legally secure.
Simple admission as a lawyer is sufficient full-time. No additional syndicate approval is required.
The market for legal consultants and fractional GCs is growing, but to be successful, you need a clear positioning. Which subject areas do you cover? Which companies benefit the most from your expertise? From the outset, it should be clear what added value you are creating for clients. It's the only way you can stand out from the crowd and make a difference right away.
A strong network Is crucial for attracting clients. Anyone who already has good contacts with companies can use them to specifically search for clients there. Especially in remote settings, professional platforms such as Paxa also offer an excellent opportunity to secure first clients. Paxa brings lawyers together with suitable companies and thus makes it easier to get started.
Being Fractional GC doesn't mean being available 24/7. Nevertheless, it is important that clients feel that someone is reliably taking care of their concerns. A good balance helps here: Set clear availability rules but still offer quick response times — this creates trust and ensures long-term cooperation.
As a fractional GC, it is sometimes difficult to put the pen out of your hand. Some client always has important concerns. In addition, vacation as a self-employed person is not paid. However, even as an independent fractional GC, you should take (planned) breaks in order to be successful in the long term. If support is needed during an intensive period, Paxa offers The opportunity to draw on a network of experienced colleagues who can step in if necessary.
No lawyer can cover all topics — and that is not necessary. Paxa connects fractional GCs, experts and law firms who can assist with specific issues. In this way, advice remains professional and efficient.
In addition to actual legal advice, administrative costs can quickly become a burden. Paxa not only arranges mandates, but also handles the entire billing process, so you can concentrate fully on your legal work without having to worry about invoicing or reminders. Automated processes make administration easier and minimize bureaucratic effort.
The step into part-time or even full-time self-employment as a fractional GC offers more flexibility, exciting mandates and greater independence and is particularly attractive for experienced lawyers. To be successful in freelancing in the long term, you need a well-thought-out strategy. Those who prepare themselves properly, position themselves clearly, use networks and optimize administrative processes create the ideal basis for sustainable and lucrative consulting work. With the right preparation and support from Paxa, you can get started efficiently and with little risk.