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New Survey Reports Chief Legal Officer Compensation Rose 13 Percent in 2008; IP Remains Best-Compensated Specialty

By Geoff Gussis

Mixed in-house counsel compensation trends, according to a recent Incisive Media survey:

U.S. chief legal officer total cash compensation (salaries plus bonuses) increased by more than 13 percent this year to $467,100, according to the 2008 Law Department Compensation Benchmarking Survey. While median salaries rose just seven percent, median bonuses grew by almost 27 percent. The study analyzes compensation data for more than 7,000 lawyers in 312 corporate law departments across the country. It was conducted by Incisive Legal Intelligence’s survey group (formerly Altman Weil Publications). For further information, or to purchase a copy of the survey, visit www.lawcatalog.com. While CLO compensation increased, however, total cash compensation for deputy chief legal officers, division general counsel and managing attorneys decreased during the same period, by 6 percent, 2 percent and 0.3 percent, respectively.

New Incisive Media Study Reports Chief Legal Officer Compensation Rose 13 Percent in 2008; IP Remains Best-Compensated Specialty

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Full post as published by InhouseBlog - News and Jobs for Inhouse Counsel on October 28, 2008 (boomark / email).