General counsel at 45 of Texas' largest companies made an average of $2,057,385 last year, according to Texas Lawyer 's annual Corporate Roster, considerably more than their counterparts at law firms, where profits per partner averaged $773,000 in 2006. One recruiter says big-firm lawyers don't seek in-house jobs for the money. Often, he says, they take a pay cut to move to corporate legal departments for "lifestyle" reasons. But it can pay off, if the lawyer is fortunate enough to move up to GC.
September 06, 2007 at 12:00 AM
1 minute read
General counsel at 45 of Texas’ largest companies made an average of $2,057,385 last year, considerably more than their counterparts at BigTex firms, where profits per partner averaged $773,000 in 2006.
That average PPP at the 25 highest-grossing firms in Texas is only 37.6 percent of the compensation earned on average in 2006 by the 45 GCs.
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