Bonus packages drop sharply for top US GCs but salaries are on the rise
Bonuses for US general counsel fell dramatically last year, leaving total cash compensation for the country's top-earning in-house lawyers down 54% on 2008, according to new research by Legal Week sister title Corporate Counsel. The title's 2010 GC compensation survey, based on the 2009 salary packages of the 100 best-paid GCs in the US, found that cash bonuses fell by an average of 37.1% and non-equity incentive compensation (bonuses tied to specific financial metrics, like profits or revenue) fell by 10%.
Corporate Counsel research shows cash bonuses down by 37% for top 100 US GCs
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