In 2009, we have seen salary cuts for associates at large law firms, where the $145-$160K starting salaries are no longer the norm. What about the salaries and bonuses of Chief Legal Officers and other in-house counsels at large companies?  more >>

Over the last 18 months, the press has well documented the various efforts by corporate law departments to cut cost, including reducing outside counsel expenses. According to a new Hildebrandt survey, in-house counsels have also been impacted by these measures, namely in terms of their compensation.  more >>

A recent article by Texas Lawyer has reported that Lone-Star GC’s have seen their paychecks shrink despite being among the highest-paid executives at the state's largest corporations. Don’t pull out the handkerchiefs yet. If these GC’s compensation has taken a hit, they are still pulling in the kind of cash that many of their law firm counterparts can only dream of.  more >>

Historically, general counsels at the nation’s largest companies enjoyed a certain amount of immunity from economic fluctuations. The past decade shows a nearly unbroken string of pay raises. However, according to a recent survey conducted by Corporate Counsel, it appears that this trend is no more.  more >>

Obama promised when he took office to freeze the salaries of all workers making more than $100K. While he kept his promises, White House legal salaries remain relatively modest compared to those of law firm attorneys.  more >>

While law firms may have begun to attack the lockstep system of compensation and implement salary cuts to navigate through this recession, law departments have also been busy making cuts to their compensation packages.  more >>

When speaking with attorneys who are ready to make that in-house transition, I invariably hear the same message, “I am ready to take a salary cut for the right opportunity.” However, very few tend to understand just how much of it they will have to give up to make that move.   more >>