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The Corporate CounselorLJN NewslettersNewsSections

Base Salaries Up; Bonus Levels Mixed

By ALM Staff | Law Journal Newsletters |
November 28, 2006

The recently released 2006 Altman Weil Law Department Compensation Benchmarking Survey of U.S. corporate law departments, published in partnership with LexisNexis Martindale-Hubbell, shows base salaries up across the board for in-house lawyers in 2006.

'Corporations have two tools to set in-house cash compensation ' guaranteed base salary and at-risk, performance-based bonus dollars,' notes Altman Weil principal James S. Wilber. 'Each year we see a balancing act between these two components. Last year, salaries rose slightly, augmented by big bonuses. This year, we're seeing bigger salary increases reflecting greater corporate confidence, along with a mixed bag of bonus levels which seem designed to catch up some of the more junior in-house positions that were overlooked in past years.'

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