Bloomberg Law
Oct. 6, 2017, 9:31 PM UTC

General Counsel See Pay Increases Amid Shifting Role

Sara Merken

By Sara Merken, Bloomberg BNA

General counsel at U.S. public companies are being paid more to reflect their increasing involvement in strategic decision-making, with the highest pay increases at companies with revenues of between $1 billion to $5 billion, a new report found.

The top legal officers at such companies received an 8.1 percent pay raise in fiscal 2015 and 2016, reaching a median total compensation of $1.5 million.

“General Counsel Pay Trends,” released Oct. 4 by compensation consultant Equilar, also found that median total direct compensation for general counsel rose 4 percent year-over-year. The report reviewed annual proxy ...

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