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Summary: LawCrossing released data about the salaries for in-house attorneys and what kind of counsel receives the best pay rates.
There are many reasons to take an in-house counsel position—lifestyle and future career mobility being the main attractions. While in-house attorney jobs are desirable for those reasons, they often pay less than their law firm counterparts. But how much less? What’s the typical salary of an in-house lawyer?
Click Here to View the Full Article on LawCrossing.
According to LawCrossing, the answer to that depends on multiple factors, which includes the industry and location of the job along with the size of the company.
The best paid general counsels work in the industries of entertainment and banking and finance. LawCrossing found the top highest paid in-house lawyers led the legal departments of General Electric, Time Warner, Twenty-First Century Fox, The Blackstone Group, Bank of America, Boeing, CBS, Google and Viacom Inc.
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Here’s a look at in-house attorney salaries by the numbers:
Average general counsel salaries by industry
$550,000 – The entertainment industry
$502,500 – The healthcare industry
$461,400 – The extractive/mining/chemicals industry
$220,500 – The not-for-profit industry
Average in-house attorney salaries (not general counsel) by industry
$294,000. – The entertainment industry
$260,677 – The financial services industry
$235,000 – The consumer products industry
$231,750 – The technology industry
$228,000 – The healthcare industry
$198,000 – The extractive/mining/chemicals industry
$192,500 – The education industry
$125,391 – The not-for-profit industry
Average salaries by city
$195, 013 – New York
$194,834 – San Francisco
$174,984 – Houston
$166,334 – Boston
$154,380 – Chicago
$154,199 – Los Angeles
$146,847 – Seattle
$131,789 – Salt Lake City
$105,692 – Austin
Source: https://www.lawcrossing.com/article/900046285/What-Do-In-House-Attorney-Positions-Pay/
