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The past year has been rather kind to law firm general counsel’s pocket books. According to a new survey directed at Am Law 200 firms by legal consulting company Altman Weil, the average full-time general counsel at Am Law 200 firms earned more than $750,000 in 2007. That number is up 34 percent from 2006, when the survey found they earned about $561,000. Part-time GCs saw a 9 percent increase from 2006, raising their compensation to about $665,000 a year. (During the same period, the average Am Law 100 partner saw a 6 percent jump.) The survey, released April 29, reports that 85 percent of responding firms have a designated general counsel, the same percentage as in 2006. Of these general counsel, 82 percent are partners and 83 percent have a litigation background. Altman Weil solicited 195 law firms to participate, and 86 responded. The company has conducted the survey since 2004.
W.J. Hennigan can be contacted at [email protected].

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