GC Comp Trends from Law.com Report

On August 18, 2024

Law.com analyzed the top 526 GC pay from Fortune 1000 companies’ proxy statements covering fiscal year ending after June 30, 2023. (Note: this is “an imperfect snapshot of the pay landscape” because companies disclose pay for only their top 5 most highly paid execs, so GC/CLO data is missing from Microsoft, Meta, and Tesla.) The […]

Compensation, Market

What’s Going on in the National Market? Also Slow Hiring & Lower Pay

On August 11, 2024

Looking for a new job now? WSJ reports on the double whammy of a sharp decline in hiring and lower pay for new hires. Tech companies no longer have to give big raises to keep employees. Managers now have “their pick of hires, which is helping to rein in pay.” New hires are “bearing the […]

Compensation

Top Lawyer Comp Exceptional

On July 5, 2023

Wall Street lawyers now often make more than bankers according to a recent article from WSJ: “Equity partners at top law firms can make around $3 million or more a year,” and top rainmaking partners make more than $15 million. Why are lawyers making so much on Wall Street? While banker pay has been stagnating, […]

Compensation, Market

Inflation! Should You Be Expecting a Raise This Year? Spoiler Alert: No (Unless You are Very Special)

On May 7, 2023

WSJ reports a disconnect on worker versus employer expectations on raises this year. A majority of workers expect a bump because of inflation and rising cost of living, while employers struggle to contain costs. What do I foresee for lawyers? They have already received big raises and bonuses (including off-cycle ones) 2021 and 2022 as “employers […]

Compensation

Pay Transparency Laws & What You Should Be Doing

On January 22, 2023

In the past, employees negotiating their salaries had to guess at market compensation. Now, however, the information is public – employers must list the pay scale for job postings in California, Washington, Colorado, and New York. The purpose of pay transparency laws is to reduce the gender pay gap, which should be happening. So what else […]

Compensation

Have You Asked for Your Annual Education Budget? What to Say

On January 15, 2023

Time is almost up for California MCLE compliance! Since lawyers are required to stay abreast of developments in their field, many employers offer some kind of educational budget. I liked this post by Wes Kao, a serial entrepreneur and cofounder of Maven, a platform for courses, on getting your boss pay for classes. She notes […]

Compensation

What to Do if You Find Out Your Co-Worker Makes More

On December 11, 2022

I just read this WSJ article on what to do if you learn your co-worker makes more than you. This scenario is especially likely as pay transparency laws come into play. Five excellent points the article makes: Get as many data points as you can. “The more you know, the stronger your negotiating position is.” […]

Compensation, Interview, Job Search, Offer

On the Fence? You Should Do These 3 Things

On November 6, 2022

Some things in your job search you do without question, like preparing a resume or setting up a LinkedIn profile. Other things you might be on the fence about because you’re not sure they’re worth their time or you think they’re hard to do. Below are three things you should do because there is only […]

Compensation, Offer

New California Pay Transparency Law

On October 9, 2022

Effective January 2023, California employers with 15 or more employees must disclose pay ranges in job postings for applicants and also to employees upon request. (See SB 1162 signed September 27, 2022.) California joins the ranks of Colorado, Connecticut, Maryland, Nevada, Rhode Island and Washington, all states with some form of pay transparency law. New […]

Compensation, Offer

WSJ’s Tips on Getting a Raise: Do They Work for Lawyers?

On April 17, 2022

Inflation is up, and the market is still hot, so yes you can ask for more money. Wall Street Journal gives five tips on how to do it. Do they actually work for lawyers? You can negotiate more than base pay. Yes, this is true. In-house lawyers usually get base, bonus, equity, and a host […]

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