The 2024 compensation report from ATL highlights a substantial rise in pay for corporate counsel, with the median annual salary climbing from $284,000 to $300,000. More than 90% of surveyed attorneys report base salaries above $150,000. Additionally, the report indicates a notable increase in earnings for chief legal officers and general counsels, whose median pay rose to $365,000, a 12% gain. The data also reveals a doubling in the percentage of attorneys earning over $1 million, reflecting a competitive landscape in in-house legal roles.
The ATL report reveals that corporate counsel compensation rose sharply, with median annual pay increasing from $284,000 to $300,000 over the past year.
Notably, over 90% of in-house attorneys surveyed earned base salaries of at least $150,000, indicating a strong earning potential in this field.
Compensation for chief legal officers and general counsel saw the most significant increase, climbing by 12 percent to a median of $365,000, reflecting industry demand.
The percentage of in-house counsel making over $1 million per year has doubled within the last year, showcasing the lucrative nature of the role.
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