Most of the buzz around lawyer compensation has focused lately on associate salaries, with major markets such as Texas moving to a $160,000 starting salary for first-year associates. But in-house lawyers haven’t done too badly either. According to the 2007 Altman Weil Law Department Compensation Benchmarking Survey, made public Tuesday, total cash compensation for in-house lawyers improved in 2007. The survey of 343 multi-lawyer and 72 single-lawyer legal departments found that in-house lawyers working in law department management got raises ranging between 8 and 14 percent as of March 1, 2007, compared to March 1, 2006, while nonmanagement in-house lawyers received raises ranging from 4.5 to 23 percent. Chief legal officer salaries improved to a median of $300,000, up 5.8 percent, boosted by a 43 percent increase in bonus to $157,400. Division general counsel brought home 13.7 percent more in total compensation in 2007, moving to a median of $232,000 in salary plus $104,600 in bonus. For managing attorneys, total compensation improved by 8.2 percent to a median of $179,000 in salary and a $50,200 bonus. The salaries of deputy chief legal officers declined by 1.7 percent to $215,000, but their total cash compensation improved by 9.6 percent when considering a $84,000 median bonus. On the nonmanagement side, high-level specialists earned 5.1 percent more in total compensation, moving to a median of $168,000 in salary plus a $44,000 bonus in 2007. In-house lawyers with eight or more years of experience earned 4.5 percent more in total compensation, attorneys with four or more years of experience earned 11.2 percent more, and attorneys with at least one year of experience got 23 percent more in 2007, compared to 2006. Recent graduates earned 10.8 percent more in 2007, with a median salary of $70,600 plus $4,000 in bonus money. According to the survey, lawyers working in large legal departments generally made more money. Chief legal officers in departments with more than 25 lawyers earned $645,000, or 56 percent than the national median in total cash compensation. Total compensation for chief legal officers at one-lawyer departments was $201,500, just a bit more than half of the national median. However, when it comes to nonmanagement in-house lawyers, practice specialty makes a difference. For instance, securities lawyers make 21.9 percent more than the national median in total cash compensation. The benchmarking survey contains information submitted by 343 law departments that employ 8,148 lawyers, and 72 additional one-lawyer departments.
-- Brenda Sapino Jeffreys