Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Most large U.S. law firms employ in-house counsel and pay them an average of 34% more than in 2006, according to a new Altman Weil Inc. survey. The 2008 Altman Weil Flash Survey on Law Firm General Counsel found that 85% of large U.S. law firms have a general counsel. A similar percentage of large firms had a designated general counsel in 2006. Eighty-two percent of the general counsel are also partners in the firm and 83% have a litigation background. Litigation experience is “appropriate for their risk management role,” said Altman Weil principal Ward Bower. Participating law firms identified professional liability and professional responsibility issues, such as conflicts and client privilege, as top areas of responsibility for general counsel. Full time general counsel earn an average salary of more than $750,000, while part-time general counsel collect an average of $665,000. “These compensation levels affirm the importance attached to the general counsel position in law firms,” Bower said. In February and March, Altman Weil contacted 195 of the AmLaw 200, a ranking of the nation’s top revenue-producing firms compiled by The American Lawyer, a National Law Journal affiliate. Altman Weil reported that 44% of the firms it contacted by e-mail participated in the online survey.

This content has been archived.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Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.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.