Bonuses, Options and Specialization Drive Compensation Gains

Toth, John M.
January 2008
InsideCounsel;Jan2008 Counsel to Counsel, Vol. 18, p19
Trade Publication
This article reports on the increase in total cash compensation for in-house lawyer positions in U.S. corporate law departments in 2007, according to the Law Department Compensation Benchmarking Survey published by LexisNexis Martindale-Hubble and Altman Weil Inc. It explains that the rise in cash compensation is driven mainly by bonus. Stock options also contributed significantly to compensation element. Chief legal officers' compensation rose by 14.3% while that of division general counsel rose by 13.7%.


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