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“General counsel compensation has evolved with the way compensation is viewed at the C-suite level. There is a greater emphasis towards equity and a greater emphasis on company performance," says John Nixon, a partner at Duane Morris in Philadelphia who helps negotiate GC compensation.
Navigating Your Company Through a Series of Mergers and Acquisitions: A Q&A With KCI General Counsel John Bibb
Bibb became GC of KCI in 2011 after working in-house at the medical device company for eight years as its head M&A attorney. He first helped the company buy LifeCell in 2008 for $1.8 billion and recently helped guide the company through its sale to 3M for $6.7 billion.
“Imagine you’re an elder Asian American woman who gets attacked on the street, and all of a sudden you have a team of $1,000-an-hour lawyers representing you,” founding alliance member and McDermott Will & Emery partner Wilson Chu said.
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