As more legal work moves in-house and businesses wrestle with more corporate governance requirements, it’s logical that the chief legal officer’s importance to a corporation would be greater than ever. But in today’s economy, nothing can be taken for granted. Increased value won’t necessarily be showing up in paychecks.
To be sure, the compensation for chief legal officers — detailed in Legal affiliate the Fulton County Daily Report ‘s survey (paid registration required) — is handsome. But in most cases, general counsel pay this year will be flat at best, according to consultants and professionals who know the market.
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