Legal News

General Counsel Pay Increases in 2012
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The Association of Corporate Counsel released figures that show general counsel base salaries increased even though bonuses dropped over the past year, according to The American Lawyer and Corporate Counsel.

Top lawyers at 190 companies that have average revenues of $31.7 billion were surveyed in the 2012 Large Law Department Compensation Survey. Some of the companies that took part in the survey include The Coca-Cola Company, Nike Inc., Time Warner Inc. and Kimberly-Clark Corporation.

  
What
Where


The base salaries for general counsel rose by 1.9 percent from $557,112 in 2011 to $567,924 in 2012. On average, annual cash bonuses dropped by 7.9 percent. In 2011, an average cash bonus was $590,040 and that number dropped to $543,109 in 2012.

Over the past year, total compensation for general counsel dropped by 2.2 percent. In 2012, general counsel at these companies in the survey made a total of $1,122,834. In 2011, the total for general counsel was $1,148,313.

Veta Richardson, the CEO and president of ACC, said, “The lion’s share of compensation, year by year, is at risk, meaning that it’s tied to the performance of the company and performance by the individual executive.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The average target incentive for 2012 came in at 73.9 percent, which is a decrease from 76.5 percent in 2011. Richardson also said “that a significant opportunity exists to be paid based upon performance and delivering results in furtherance of the corporate objective and what it says to me is that these general counsel, as a whole, were highly regarded by their corporations to achieve bonus levels of three quarters of base salary.”





 

RELEVANT JOBS

National Firm seeks seasoned Corporate M&A partner in Austin with Big Law experience

USA-TX-Austin

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

National Firm seeks seasoned Corporate M&A partner in Houston with Big Law experience

USA-TX-Houston

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

National Firm seeks seasoned Corporate M&A partner in Dallas with Big Law experience

USA-TX-Dallas

Culhane Meadows PLLC, one of the largest non-traditional (remote-workplace) law firms in the country...

Apply now

Trusts and Estates Paralegal

USA-PA-Philadelphia

We are looking for a paralegal with a 4-year degree and paralegal certificate, or equivalent experie...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 1+ y...

Apply Now

Civil Defense Litigation Attorney At Law

USA-MO-Olivette

Olivette office of our client seeks civil defense litigation attorney at law with 1-10 years of expe...

Apply Now

Labor and Employment Law Associate Attorney

USA-CA-Walnut Creek

Walnut Creek office of our client seeks labor and employment law associate attorney with 5-7 years o...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top