Network Firm News
GENERAL COUNSEL EARNING MORE THAN EVER
2005 Restricted Stock Awards Averaged $1 million!!!!!
July 17, 2006
Companies are using restricted stock to compensate and retain top-performing chief legal officers. Stock options remain an additional form of compensation (73 or 100 GCs surveyed were awarded options).
Sixty-one GCs on Law.com's list received some amount of restricted stock in 2005, and the average award rose by 35 percent, to nearly $1 million ($987,269), more than $250,000 higher than in 2004.
Bonuses remained one of the prime ways to reward GCs. The average bonus on Law.com's list of GC's was $906,820.
- Annual Compensation of Some of America's Top Earners
- Interesting Categories
GC Compensation Methodology