The incidence and extent of faculty consulting are examined, along with the characteristics of faculty who consult and those who do not, costs and benefits of faculty consulting, the economic status of faculty, and policy considerations. A conceptual framework and historical context are provided that relate consulting and other faculty activities…

Conflicts of interest that may arise from faculty consulting (professional services or advice to a client) are considered, with attention to issues such as time for consulting; competition with private practice; conflict of obligations; use of the university name, facilities, and resources; income considerations; and reporting and monitoring of…