Hi Sam. Interesting question. I think, however, you may be simplifying it if you're looking at 'the high billing rate'. It's true that the distinction between consulting and contracting is becoming increasingly blurred.Some would argue that it's only consulting if it involves a firm - probably a large one at that. Anything else is contracting.On the other hand, there are plenty of independent consultants or small firms or two or three.The big fees typically only go to the big firms, so the money angle is not necessarily a given. Your rates are likely to be significantly lower than the large firms - however good your output or experience is.The other real consideration is maintaining turnover. A bigger firm usually has a good sales pipeline to keep its consultants busy. If you're independent, you generally have to do this yourself. And while you're looking, you're not working, and therefore not earning.With the caveats above, the independent model is definitely workable. It can be quite effective if you network into a group of complementary skilled consultants/contractors and go into deals (where appropriate) on an associate basis. Even take turns to be the commercial lead on the engagement.A tough decision, and I don't envy you making it. Hope you find what you're looking for.B
