Monday, November 21, 2011

The South's Richest General Counsel: GC Salaries Stagnate in 2010



http://ow.ly/7AHDr

An article by Katheryn Hayes Tucker posted on law.com on the corporate counsel webpage.

This article discusses salary trends for general counsel.

The article states, "Of the top 10 highest-paid GCs in public companies across the Southeast, the average 2010 compensation package totals roughly $4.9 million—from $9.2 million at the top to $3.7 in the 10 spot. That's slightly up from $4.3 for 2009. But neither of those years was as good for the top 10 as 2008, when the average was $5.5 million, or 2007, when it was $5.6 million. Still, no drastic changes in those four years.

Raj M. Nichani, president of RMN Global Search, said he doesn't think overall compensation for CLOs has moved " dramatically up or dramatically down. It's pretty stagnant," Nichani said. "But what's happening is their hours have gone up. Usually, that's a pretty sure pay raise. But they don't get that kind of love in this legal market."" A link to the to 10 highest paid in the Southeast is provided in the article.


No comments:

Post a Comment