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Editor's picks

DOING THE DEALS

Dealmakers

A round-up of recent global deals and the lawyers who made them happen

BLOG: CYBER SECURITY

Plan for a disaster - but don't pay until it happens

Matt Rhodes, Commercial Services Manager for managed IT services specialist, Quiss Technology, explains how businesses can protect their business IT infrastructure, mitigate risk and keep costs to a minimum.

MOVES

In and out

A weekly round-up of who's moving up, down or out in global legal practice

LUXURY LAW SUMMIT

Protecting your brand in the global marketplace

The luxury team at Covington & Burling discuss managing reputational risk at the contract stage.

BLOG: WHISTLEBLOWERS

Is Ranbaxy the Tip of the Iceberg?

As a result of a 2007 lawsuit initiated by a whistleblower under the US Federal False Claims Act, Ranbaxy USA has agreed to pay the United States Government and multiple state governments the sum of $350 million to resolve civil claims.

BLOG: EMPLOYMENT

Waiting for roast duck

The Chinese appreciate their jobs more than their Western counterparts, says Bob Gogel.

OUTSOURCING

Exigent extends into Canada

Exigent, a leading global provider of legal process outsourcing (LPO), is opening a centre in Canada.

HOT GOSSIP

New Hampshire's 'Robin Hood' accused of harassment

A group of friends nicknamed 'Robin Hood' who roam a US city and fill up parking meters which are about to expire have been hit with a lawsuit claiming they harass parking enforcers.

BLOG: SOCIAL MEDIA

Is the world still flat?

SEC social media rule overlooks rules of engagement around the world, says Veta T Richardson, president and chief executive officer of the Association of Corporate Counsel.

BLOG: LEGAL PROFESSION

Which way now for Personal Injury lawyers?

Personal injury (PI) lawyers are working in an era of fundamental and evolutionary change, not least because of the changes driven by the Jackson reforms but also because of the changing attitudes of banks and funders to PI law firms.

LUXURY LAW SUMMIT

Luxury brands head for the summit

A raft of top luxury brands are on the VIP list for the first ever Luxury Law Summit.

PFI

PF2: a new approach to public private partnerships?

James Larmour of Freeth Cartwright considers HM Treasury's “Standardisation of PF2 Guidance.”

LUXURY LAW SUMMIT

Growing legal issues for luxury sector

Luxury companies are reporting an increase in the breadth and depth of legal issues engulfing the sector, according to research carried out for the Luxury Law Summit 2013.

Survey: salaries rise but bonuses fall


By James Barnes

19 December 2012 at 11:17 BST


Leading US general counsel saw basic salaries climb this year but also watched cash bonuses nosedive, according to figures released last week.

Nearly 2 per cent average increase

The remuneration benchmarking figures from the Association of Corporate Counsel (ACC) and Empsight showed that GC’s base salaries rose 1.9 per cent in the last year, creeping up from $557,112 in 2011 to $567,924 this year.
However the survey – which took the views of top lawyers at 190 Fortune 500 companies with average revenues of $31.7 billion -- also found that annual cash bonuses fell 7.9 per cent on average, from $590,040 in 2011 to $543,109 in 2012.

Valuing bonuses

Association president Veta Richardson told Corporate Counsel magazine in-house lawyers should still value their bonus opportunities. She said: ‘The lion’s share of compensation, year by year, is at risk, meaning that it’s tied to the performance of the company and performance by the individual executive… A significant opportunity exists to be paid based upon performance and delivering results in furtherance of the corporate objective.’

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Premium Jobs

Vacancy of the week

Research

Martindale-Hubbell

European GCs slam lack of client service

Law firms across Europe are failing to look after their retained clients with general counsel slating the lack of communication and regular reviews, according to new research from the Global Legal Post in association with Martindale-Hubbell.

To download the report in full, click here.

 
   
 
 
 

Luxury Law Summit 2013

Venue: The Caledonian Club, London
23rd May 2013
The Luxury Law Summit will bring together luxury business leaders, luxury legal experts and regulators for high level networking, debate and informative roundtable sessions.