After across-the-board declines the previous year, in-house counsel compensation bounced back up in 2012 in every category of pay that we measure. Average total cash received rose 6.7 percent to $1,853,671, which is the highest figure we’ve seen since 2000.
As the associate executive director and general counsel for the Texas Association of School Boards Inc., Sedora Jefferson provides legal services to the association’s management and staff and seven affiliated entities including a purchasing cooperative that does more than $500 million annually in purchases and an investment pool with $8 billion in assets.
Best Practice: Expertise and Experience
Sedora Jefferson, the associate executive director and general counsel for the Texas Association of School Boards Inc. in Austin, answers questions about her expectations of outside counsel and how her previous work experience helps her out on the job today.
From Love to War: Top Books to Read this Summer
Here’s Michael Maslanka’s annual summer reading list — from love to business to war. So, don a Hawaiian shirt, rub in some sun screen, and fire up the e-reader.
Top 5 Mistakes Made by New In-House Counsel
Hindsight is 20/20. When a lawsuit is done, Alan Bush does an after-action report to look for lessons learned. He’s always found at least one thing he’ll do differently next time.
Special Report on Banking & Finance
Vendor Management for In-House Counsel
Regardless of the industry, businesses rely more and more on outside vendors to provide both standard and custom products and services. In-house counsel stands poised as the gatekeeper to manage — or at the very least review — third party vendor relationships.
Dodd-Frank Rules Impact Standard Subsidiary Loan Guarantees
Many standard subsidiary guarantees in secured financing transactions may be illegal under rules recently issued by the Commodity Futures Trading Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act.