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Top 10 in-house counsel salary guide 2022 That Will Change Your Life

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ouse Counsel Salary Guide – BarkerGilmore

Download the 2022 Compensation Report to See the Latest Average In-House Counsel Salary Data

With another year of record participation, BarkerGilmore’s annual 2022 In-House Counsel Compensation report provides in-house counsel the ability to compare pay with peers, and aids legal leaders and human resources departments in attracting and retaining top talent by explaining competitive compensation packages.

The data was collected from a random sample of nearly 2500 in-house counsels throughout the United States via an online survey administered between March and April 2022.

In-house counsel salary trends for 2022 — It’s still a candidate-driven market

“Retaining and recruiting top talent was a focus for every company in 2021 as business demands escalated even further than 2020. The candidate-driven market prevailed in compensation packages, employer flexibility, and company culture. Companies lacking in any one of these areas certainly faced challenges. I couldn’t be prouder of my team and its ability to deliver diverse slates of business-minded lawyers and compliance professionals, no matter what the circumstances.” said John Gilmore, Founding Partner of BarkerGilmore.

Get the full report to see salary information broken down by position, location, and industry.

Stay Competitive: Six In-House Counsel Salary Trends

1. Total In-House Compensation Increase Rates:

The median total compensation increased 21% from 2020 for all industries, across all positions. Total compensation from 2020 to 2021 reflects a bounce back, and net increase, of 10% from 2019 levels. Base compensation was up 9%, bonuses were up 37%, and LTI was up 100%. The financial industry realized the greatest total compensation increase at 27%, followed by consumer at 21%, and professional services at 20%.

2. More People Took New Positions:

Twelve percent of respondents obtained a new position in 2021, a 50% increase from 2020. Thirty-seven percent of new legal positions received sign-on bonuses. Senior Counsel were the most likely to receive a sign-on bonus at 41%. General Counsel were the least likely to receive a sign-on bonus (33%); however, the General Counsel median sign-on bonus was significantly higher than that of Managing Counsel and Senior Counsel.

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3. Attending a Top Law School Meant Higher Pay:

Respondents at all levels who attended a top 100 law school had higher total compensation. Total compensation averaged 25% higher for General Counsel, 19% higher for Managing Counsel, and 12% higher for Senior Counsel if the respondent obtained a J.D. from a Top 100 law school. Respondents that went to a Top 100 law school and had prior experience at an Am Law 200 or better law firm had a 15% higher total compensation package than respondents with the same law firm experience who did not attend a Top 100 law school.

4. Big Firm Experience Pays:

Across all positions, respondents that worked for an Am Law 100 ranked law firm had higher total compensation packages than those with Am Law 101+ experience, small/regional firm experience, or no law firm experience. On average, in-house counsel with Am Law 100 experience had total compensation packages that were 34% greater (38% General Counsel, 32% Managing Counsel, 27% Senior Counsel) than those with no law firm experience. The impact of Am Law 100 or Am Law 101-200 law firm experience was observed to have the most significant impact at the General Counsel and Managing Counsel levels.

5. In-House Compensation at Public vs. Private Companies:

Consistent with the last five years, 2021 revealed that the compensation of those at publicly traded companies is significantly higher than at private organizations. The gap is most significant at the General Counsel level, with a 98% disparity in total compensation. Across all position levels, restricted stock units (RSUs) continue to be the most common form of long-term incentive (LTI) compensation at public companies. In private organizations, if LTI is offered, the structure is much more variable and may come in the form of stock options or restricted cash.

6. Industry Highs & Lows:

This year saw interesting changes and new industry leaders. Download BarkerGilmore’s 2022 In-House Counsel Compensation Report to see the industries that pay the most and the least.

Download the Full In-House Counsel Compensation Report

Extra Information About in-house counsel salary guide 2022 That You May Find Interested

If the information we provide above is not enough, you may find more below here.

2022 In-House Counsel Salary Guide - BarkerGilmore

2022 In-House Counsel Salary Guide – BarkerGilmore

  • Author: barkergilmore.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: We surveyed nearly 2500 in-house counsel to compile our comprehensive salary report. See salary trends by position, metro, and industry.

  • Matching Result: We surveyed nearly 2500 in-house counsel to compile our comprehensive salary report. See salary trends by position, metro, and industry.

  • Intro: 2022 In-House Counsel Salary Guide – BarkerGilmoreDownload the 2022 Compensation Report to See the Latest Average In-House Counsel Salary Data With another year of record participation, BarkerGilmore’s annual 2022 In-House Counsel Compensation report provides in-house counsel the ability to compare pay with peers, and aids legal leaders and human resources…
  • Source: https://barkergilmore.com/in-house-counsel-salary-guide/

The 2022 Global In-House Counsel Compensation Survey

The 2022 Global In-House Counsel Compensation Survey

  • Author: mlaglobal.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The survey found that since 2020, the total actual cash (TAC) compensation paid to general counsel and chief legal officers has risen by 15% around the globe.

  • Matching Result: The TAC compensation for men averaged $578,374 compared to $501,486 for women, representing a pay differential of 15%—as well as increase in the gender pay gap …

  • Intro: The 2022 Global In-House Counsel Compensation Survey The results of our 2022 Global In-House Compensation Survey, done in partnership with Western Management Group, reflect the current state of compensation in the market compared to 2020 figures—the last time we did the survey. Much has changed over the past two years…
  • Source: https://www.mlaglobal.com/en/insights/research/the-2022-global-in-house-compensation-survey

2022 In House Legal Compensation Trends (+ A Few Numbers)

2022 In House Legal Compensation Trends (+ A Few Numbers)

  • Author: thelawyerwhisperer.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The current compensation trends for the legal profession and current market data for GCs, CLOs and Heads of Legal

  • Matching Result: General Counsel/CLO (startups and public companies); VP Legal/”GC Light” (for startups) ; Series A: $300k – $325k base salary, 0%-20% bonus, .7% …

  • Intro: 2022 In House Legal Compensation Trends (+ A Few Numbers) – The Lawyer Whisperer We’ve all been living in an out-of-focus world for the last two years, but one thing that is spectacularly clear is that the legal profession is more dynamic than ever. From the Great Resignation to the…
  • Source: https://www.thelawyerwhisperer.com/question/2022-in-house-legal-compensation-trends-a-few-numbers/

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In House Counsel in Boston, MA 2022 - Salaries - Glassdoor

In House Counsel in Boston, MA 2022 – Salaries – Glassdoor

  • Author: glassdoor.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The average salary for an In House Counsel is $128,104 per year in Boston, MA. Click here to see the total pay, recent salaries shared and more!

  • Matching Result: The average salary for an In House Counsel is $128103 per year in Boston, MA. Click here to see the total pay, recent salaries shared and …

  • Intro: Salary: In House Counsel in Boston, MA 2022How much does an In-House Counsel make in Boston, MA?Updated Sep 15, 2022ExperienceAll years of ExperienceAll years of Experience0-1 Years1-3 Years4-6 Years7-9 Years10-14 Years15+ YearsIndustryAll industriesAll industriesLegalAerospace & DefenseAgricultureArts, Entertainment & RecreationPharmaceutical & BiotechnologyManagement & ConsultingConstruction, Repair & Maintenance ServicesPersonal Consumer ServicesEducationFinancial ServicesGovernment…
  • Source: https://www.glassdoor.com/Salaries/boston-in-house-counsel-salary-SRCH_IL.0,6_IM109_KO7,23.htm

Inhouse Counsel Salaries - 2022 Guide - InhouseBlog

Inhouse Counsel Salaries – 2022 Guide – InhouseBlog

  • Author: inhouseblog.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: Inhouse Counsel Salaries – Introduction Inhouse counsel salary data is not easy to find or consistently reported, but we’ve collected resources to help

  • Matching Result: Within the United States, the report surveyed “Total Annual Actual Cash” from the General Counsel/Chief Legal Officer level to the Counsel level …

  • Intro: Inhouse Counsel Salaries – 2022 Guide Inhouse Counsel Salaries – IntroductionInhouse counsel salary data is not easy to find or consistently reported, but we’ve collected resources to help you in your search. There are many ways to compare your inhouse counsel salary or law firm salary with those of your…
  • Source: https://www.inhouseblog.com/inhouse-counsel-salaries-guide/

General Counsel Compensation Chart: Who Made the 2022 ...

General Counsel Compensation Chart: Who Made the 2022 …

  • Author: law.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: The 2022 General Counsel Compensation Report is based on Corporate Counsel affiliate ALM Intelligence’s analysis of Fortune 1000 companies’ 2021 Securities and Exchange Commission filings and a compilation of their top lawyers’ compensation data.

  • Matching Result: The 2022 General Counsel Compensation Report is based on Corporate Counsel affiliate ALM Intelligence’s analysis of Fortune 1000 companies’ …

  • Intro: General Counsel Compensation Chart: Who Made the 2022 Top-Paid GC List? | Law.com International Pay for the nation’s most powerful legal chiefs has rocketed back into the stratosphere following a slump amid corporate austerity measures during the height of the COVID-19 pandemic—and a familiar name has reclaimed this year’s cash…
  • Source: https://www.law.com/international-edition/2022/07/19/gc-compensation-chart-who-made-the-2022-top-paid-gc-list-378-201582/

How Much Do In-House Lawyers Make? - Above the Law

How Much Do In-House Lawyers Make? – Above the Law

  • Author: abovethelaw.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: Take our anonymous survey and help us share this crucial information.

  • Matching Result: Are corporate counsel seeing any increases in their pay? Help us find out by taking our 2022 In-House Compensation Survey.

  • Intro: How Much Do In-House Lawyers Make? As law firm associate salaries continue to climb, what’s happening on the in-house side? Are corporate counsel seeing any increases in their pay?  Help us find out by taking our 2022 In-House Compensation Survey. Each year, Above the Law surveys in-house lawyers about their…
  • Source: https://abovethelaw.com/2022/03/how-much-do-in-house-lawyers-make-2/

Law Department Compensation Benchmarking

Law Department Compensation Benchmarking

  • Author: acc.com

  • Rating: 5⭐ (234539 rating)

  • Highest Rate: 5⭐

  • Lowest Rate: 1⭐

  • Sumary: See the respective report webpages to view a list of metrics included in each report. The reports for legal departments included an expanded set of metrics due to the data being sourced from HR departments…

  • Matching Result: 2022 Law Department Compensation Survey. ACC partners with Empsight to offer annual compensation data for in-house legal professionals.

  • Intro: Law Department Compensation Benchmarking | Association of Corporate Counsel (ACC) What salary benchmarks are included in the reports? See the respective report webpages to view a list of metrics included in each report. The reports for legal departments included an expanded set of metrics due to the data being sourced…
  • Source: https://www.acc.com/law-department-compensation-benchmarking

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Frequently Asked Questions About in-house counsel salary guide 2022

If you have questions that need to be answered about the topic in-house counsel salary guide 2022, then this section may help you solve it.

What do general counsels for Fortune 500 companies make?

Men make up 71% of the Fortune 500, and to further exacerbate this pay gap, male general counsels earn an average of 39% more than female GCs, or 53,625 versus 26,477.

How does the House Counsel bargain over pay?

Here are some pointers.

  1. Know Your Comps. The key to getting the salary you deserve, regardless of your position or career, is knowing your worth. …
  2. Keep All Forms of Compensation in Mind. Your compensation negotiations shouldn’t be about just salary. …
  3. Keep in Mind What Other Attorneys Make. …
  4. Know When You’ll Say No.

Has the work-life balance been improved for in-house counsel?

Although 60 hour weeks are not unheard of, corporate counsel jobs typically call for 40 to 50 hour weeks, so you typically get your weekends back. Yes, we’re going to say it: “Work-Life Balance is possible while in an in house legal job.” However, that doesn’t mean it’s a piece of cake.

How much money do American in-house attorneys make?

The average In House Counsel salary in the United States is currently 44,217, but the salary range typically falls between 14,143 and 79,502 (b>between 14,143 and 79,502/b>).

What do the top 10% of attorneys earn?

Here is what to anticipate from a salary in your chosen field to give you a better idea of your specific earning potential. According to the BLS, the bottom 10% of lawyers made under 4,910 while the top 10% made over 8,000.

How much do the top 1% of attorneys earn?

The highest-paid attorneys in the US earn over 08,000 annually, accounting for 10% of the legal workforce, while the top 1% of attorneys earn 00,000 or more annually, according to the Bureau of Labor Statistics.

What is the first guideline for wage negotiations?

Although it may feel awkward, this is your first chance to negotiate a much higher salary, so you should not disclose your salary history or requirements.

What is a fair salary to discuss?

Remember, you’re applying for entry level, so you shouldn’t expect something on the higher range. Start with a figure that’s no more than 10-20% above their initial offer. Consider negotiating lower if 10-20% places you above the average.

How many rounds are there in an in-house counsel interview?

The first interview is a phone screen by either HR (if the applicant is applying cold) or the hiring manager, and in-house lawyers typically go through 5-7 interviews without much complaint.

Is a prestigious counsel?

Being of counsel also carries a certain amount of prestige, though this may be outweighed by the drawbacks of having to perform the duties of the position itself.

How much do Apple’s lawyers get paid?

There are about 74,715 Apple Lawyers employed in the United States on an annual basis, which is 138% more than the country as a whole.

Which legal profession pays the highest salaries?

In spite of the fact that there are thousands of trial lawyers practicing around the world, civil litigators who take on high-stakes, high-profile cases receive the highest pay.

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