Thank you for sharing!

Your article was successfully shared with the contacts you provided.
PHILADELPHIA � Ballard Spahr Andrews & Ingersoll named litigation partner William A. Slaughter to the newly created position of general counsel to the firm. Slaughter has practiced in the area of bankruptcy for 25 years, representing banks and other financial institutions. In his new role, Slaughter will serve as a single point of oversight for all of the firm’s internal and external legal needs. “As Ballard Spahr grows, it becomes increasingly important to manage risk and to protect the overall interests of the organization,” firm Chairman Arthur Makadon said in a statement. “Many Ballard attorneys assist the firm in meeting its own legal needs. However, having a single partner oversee this role is critical for the future of the firm.” Slaughter said the firm is realizing that it is a big business, with nearly $250 million in gross revenue and 10 offices across the country. A business of that size is bound to have a variety of its own legal issues, and the firm’s board felt the time was ripe to name a general counsel, Slaughter said. He has been with the Philadelphia-based firm since October 1979, and while that perspective will help him with his new role, Slaughter said Ballard Spahr is a different place from what it was then. “So much has changed in that 28 years,” he said. “Our firm has grown at least five or sixfold in that time.” Slaughter said he isn’t sure how significant an amount of time this new position will take out of his normal routine. He does not plan on giving up his practice, he said. There is no term limit on his role. According to a 2006 survey of the 200 highest-grossing U.S. firms done by consulting firm Altman Weil, 85% of the responding firms had a designated general counsel. That’s up from 63% in 2004. As in prior years, 100% of the designated law firm general counsel are in-house. Currently, 89% are partners in the firm. More than one-third are full time in the general counsel position with the average cash compensation at more than $500,000. Part-time law firm general counsel reported higher cash compensation ($612,000), “most likely due to their fee production in the non-general counsel part of their jobs,” Altman Weil consultant Ward Bower said. Slaughter said he was, and will remain, a partner in the firm.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.