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An article by Shannon Green appearing on law.com on the Corporate Counsel webpage.
This article provides information from a recently released results from a study regarding compensation for attorneys. The article states, "Getting fat rarely warrants celebration—except when it comes to paychecks. According to the latest results of HBR Consulting's 2011 Law Department Survey, in-house lawyers have a whole lot to celebrate.
Part two of the survey, released Tuesday, showed bigger year-over-year gains than the previous survey on all measures of compensation. Base salary was reported as up for in-house lawyers, as were cash bonus, total cash compensation, and total compensation (which includes the value of long-term incentives)."
A link to the survey results is provided in the article.
The article further states, "...the average cash bonus increased almost 26 percent. The average chief legal officer took home a $370,000 cash bonus, up more than 18 percent, with the average cash bonus for all attorney levels a respectable $67,000.
Companies are thawing out frozen salaries at a higher rate, too. According to the survey, the average in-house lawyer saw a 3.3 percent increase in base pay, compared to a 2.6 percent increase last year. The average base salary across attorney levels was $178,000."
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