Recession Takes Bite Out Of GC Bonuses

Law360, New York (July 20, 2010, 5:07 PM EDT) -- The recession has taken its toll on the pocketbooks of the U.S.' best-paid corporate general counsel and in-house attorneys, particularly in the realm of traditional cash bonuses, which dropped on average 37 percent, according to a recent survey.

Only 22 of the 100 best-paid in-house attorneys and general counsel even got a traditional bonus in fiscal year 2009, down from 33 in fiscal year 2008, according to a survey published Tuesday by Corporate Counsel magazine. The magazine used publicly available U.S. Securities and Exchange Commission filings...
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