Network Firm News

Monday, July 28, 2003

GCs Making More Money Than Ever
Companies rewarding top counsel's key role in business with cash, bonuses
Eriq Gardner -- Corporate Counsel -- 07-25-2003

Overall, GC compensation jumped 9 percent in 2002, as the average salary and bonus package passed the $1 million mark for only the second time in the survey's 10-year history (the other was 2000; there was a slight dip in 2001). But stock options -- the enticement that drew big-firm lawyers in house during the bubble years -- plummeted. More hard cash, less cold stock: a formula that's in vogue in boardrooms everywhere.

Related chart:
GC Compensation Survey

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