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News reports about the overall U.S. economy may still be trending negative, but there is good news in the results of Corporate Counsel's 2011 Law Department Compensation Benchmarking Survey. In the analysis of compensation data from 4,951 lawyers in nine law department positions, employed within 225 corporate law departments, the survey showed that compensation for in-house lawyers (both salary and bonus) is finally on the upswing this year after stalling out last year.
A review of the Law Department Compensation Benchmarking Survey Charts (www.law.com/jsp/cc/PubArticleCC.jsp?id=1202514400404) reveals that law departments reported positive gains in bonuses for all positions. Compared with last year, bonuses increased from a low of 0.44% ($180,800) CLOs/GCs to a high of 58% ($23,700) for in-house attorneys. All positions except CLO/GC saw double-digit increases in bonuses.
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