Ruburitto: Ahh, not easy questions:
1) How much to charge? Ties into Q2. What "services" are you / would you provide? As a "consultant" mining for IP and writing proposals and "facilitating" drafting? Doesn't sound like providing legal svcs. My best guess, is circa
$80 / hr (Bos about 95% of NYC).
2) Do you need malpractice insurance? If you are not drafting apps or renedering legal opinions, merely rendering "observations" on promising paths to follow, your liability is low, but not zero. If you go the consultant route, make sure the engagement letter makes clear that you are not rendering legal advice. Tough call. You are a licensed atty. When does an atty NOT dispense legal advice. Even your 'observations" could be construed as legal advice. Any guidance from the Mass bar?. If you need insurance, double (at least) the above # (N.b. According to a talk I heard in 2003 from a carrier rep, only anesthesthiologists pay more, on average, than patent attys. Was that true or a scare tactic?
3) Hanging-out your shingle? Sounds like you are embarking on the practice of law and you have a leg-up. A recommendation from a client! Worth gold IMO. Good lick, keep in touch on the site.