General Counsel Compensation Jumped in 2015
A study by market research firm Equilar found that 2015 compensation for general counsel rose 6.9 percent and exceeded $1 million, reports Bloomberg Law.
In examining data from more than 1,400 lawyers, the report — with commentary from legal recruiting firm BarkerGilmore — found that:
- At companies with less than $1 billion in revenue, median total direct compensation for GCs was $725,021.
- At companies with between $1 billion and $5 billion in revenue, it was $1.2 million.
- At companies with between $5 billion and $15 billion, it was $1.7 million.
- At companies with revenues above $15 billion, it was $2.5 million.
On its website, BarkerGilmore explains that the study considered compensation trends by practice area, the average annual in-house counsel salary increase, how well company compensation compares to those of similar size, and what gaps may exist and how to address them.
Download the BarkerGilmore report.
