In-House Counsel Enjoyed Pay Increases In 2007

Law360, New York (February 26, 2008, 12:00 AM EST) -- Salaries of in-house legal counsel rose alongside that of lawyers at large firms last year, with chief legal officers and general counsel in legal departments of more than 25 lawyers making a median salary of $645,000, according to InsideCounsel's 2008 compensation report.

InsideCounsel drew data from two recent surveys – one conducted by Altman Weil on 2007 salaries, and one conducted by Hildebrandt on 2006 salaries.

The surveys show large increases for many in-house corporate lawyers.

Chief legal officers made $435,000 in 2007, compared with $380,700...
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