Paycheck Perspectives
How does your compensation stack up?
March 31, 2007 at 08:00 PM
3 minute read
News of skyrocketing star ting salaries for law firm associates coast to coast prompted us to ask visitors to insidecounsel.com, “Are increasing law firm salaries driving up in-house counsel pay?” Roughly one-third of respondents answered “yes,” with the remaining two-thirds closely divided between “no” and “don't know.”
That decidedly mixed result makes sense once you've delved into the leading law department salary surveys for 2006. It quickly becomes apparent that the rate at which compensation is rising depends on a number of factors including geography, company size and practice specialty. With varying sample groups, the surveys reach different conclusions about in-house compensation trends.
Altman Weil's “Law Department Compensation Benchmarking Survey” gathers data from 277 companies with a median revenue of $2.1 million and 4,200 employees. Hildebrandt's “Law Department Survey” includes 201 companies with a median revenue of $8 billion and 20,000 employees. And Mercer Human Resource Consulting's “Finance, Accounting and Legal Survey” compiles responses from 2,300 companies with median revenue of $960 million and 2,000 employees.
While the findings differ, each survey slices and dices the data so you can compare your salary, bonus and options against the median in a variety of contexts. Put your compensation to the test using the sampling of survey results in our 2007 Comp Report.
News of skyrocketing star ting salaries for law firm associates coast to coast prompted us to ask visitors to insidecounsel.com, “Are increasing law firm salaries driving up in-house counsel pay?” Roughly one-third of respondents answered “yes,” with the remaining two-thirds closely divided between “no” and “don't know.”
That decidedly mixed result makes sense once you've delved into the leading law department salary surveys for 2006. It quickly becomes apparent that the rate at which compensation is rising depends on a number of factors including geography, company size and practice specialty. With varying sample groups, the surveys reach different conclusions about in-house compensation trends.
Altman Weil's “
While the findings differ, each survey slices and dices the data so you can compare your salary, bonus and options against the median in a variety of contexts. Put your compensation to the test using the sampling of survey results in our 2007 Comp Report.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllFinancial Services Has a Trust Problem. Can GCs Help Right the Ship?
Google Fails to Secure Long-Term Stay of Order Requiring It to Open App Store to Rivals
Rates Will Go Up (Again), But Here's Why Profitability Might Not Be Maximized
4 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250