As more legal work moves in house and businesses wrestle with more corporate governance requirements, it’s logical that the chief legal officer’s importance to a corporation would be greater than ever. But increased value won’t necessarily be showing up in paychecks. In most cases, general counsel pay this year will be flat at best, according to consultants and professionals who know the market. GCs have not lost their value, says Richard M. Rice of firstPRO Inc., but companies have lost resources.
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