GC Compensation: Base Salary Isn’t Always King

• Posted by Geoffrey G. Gussis on July 17th, 2006


• Filed in Careers (In-house Jobs)

As ALM points out, base salary isn’t always everything when it comes to general counsel compensation.  If you’re looking for inhouse counsel salary information, ALM’s Corporate Counsel magazine and related website are a good place to start:

"ALM’s Corporate Counsel(R) magazine reported today that compensation for the top in-house lawyers at the nation’s largest corporations set new records last year. The magazine’s twelfth annual survey of the 100 best-paid chief legal officers in the U.S., published today, reveals that while salaries stayed flat at an average of $565,000, the average cash bonus and restricted stock grant received by the group approached $2 million. In addition, more than half of the group cashed in stock options in 2005, with an average gain of $3.1 million. In comparison, the average profit taken home last year by an Am Law 100(R) partner at the nation’s 100 top-grossing firms was $1.1 million."

Link: Corporate
Counsel Reports Compensation for Top General Counsel Continues to Soar,
Fueled by Bonuses, Options and Restricted Stock.