General counsel compensation is growing faster than CEO compensation, narrowing the pay gap for the two C-suite roles, a new study from the research firm Equilar found.

The study found that median compensation for CEOs was 4.1 times that of general counsel in 2022. That compares with 4.3 times in 2018. The study included the 500 largest public companies by revenue that included GC pay in their proxy statements—179 firms in 2022.