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Survey of GC Pay Finds Higher Salaries, Lower Bonuses
General counsel at major corporations saw their base salaries climb, even as cash bonus awards fell in the last year, according to the latest compensation benchmarking figures from the Association of Corporate Counsel, available at www.accempsight.com/.
The in-house trade organization, together with the consultancy Empsight International, surveyed the top lawyers at 190 companies with average revenues of $31.7 billion in its 2012 Large Law Department Compensation Survey. Participants included companies such as Nike Inc., The Coca-Cola Company, Kimberly-Clark Corporation, and Time Warner Inc.
GCs saw their base salaries rise 1.9% ' from $557,112 in 2011 to $567,924 in 2012, according to ACC. Annual cash bonuses, however, dipped 7.9% on average, from $590,040 in 2011 to $543,109
in 2012.
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