My co-host J. Craig Williams and I interview Robin Sparkman, editor - in - chief of Corporate Counsel magazine, about the results of the 2006 GC Compensation Survey, charting the compensation of the nation's 100 best -
paid chief legal officers.
The nation's 100 best -
paid chief legal officers saw their incomes increase an average of 9 percent in 2002, with the average combined salary and bonus surpassing $ 1 million, according to The 2003 GC Compensation Survey conducted by Corporate Counsel magazine.
Salaries for the corporate world's best -
paid chief legal officers held steady last year, but the side benefits reached new heights, according to the 2006 GC Compensation Survey of Corporate Counsel magazine.
Not exact matches
When it comes to compensation for
chief legal counsel, some, such as Elisabeth Preston, CLO of Allen Vanguard Corp., suggested there is a growing trend of CLOs being
paid on par with the
chief financial
officer.
There was Bahar Ansari, co-founder of Case.one, who is disrupting practice management with her
pay - by - the - case pricing; Nicole Bradick, cofounder and
chief strategy
officer of CuroLegal, who this year played key roles in helping to launch the
Legal Checkup for Veterans and the Hate Crime Help app; Carol Lynn Grow, owner and VP of marketing at LawToolBox.com, which was recently nominated for a Microsoft People's Choice Award; Anna McGrane, COO of PacerPro, who this year was named to the Fastcase 50; Laura Safdie, cofounder, COO and GC of Casetext; Janine Sickmeyer, CEO and founder of the NextChapter bankruptcy platform; and Tracy Stevens, vice president of product and design at MyCase, who I interviewed during a visit there last June.
As Bindu Cudjoe, vice president, deputy general counsel technology and operations
legal, and
chief knowledge
officer of
legal, compliance and security groups at BMO, pointed out, BMO lawyers are investing time looking at what the fees were on a matter and what they
paid for certain kinds of services.
Gosh, those numbers seem like small potatoes now, at least in comparison to the record
pay and stock grants that
Chief Legal Officers (CLO's) enjoyed during the same time frame, according to Corporate Counsel's annual survey of general counsel compensation.
Typical job duties seen on a
Chief Human Resources
Officer resume are maintaining work structure, recruiting and training organization staff, creating
pay plans, ensuring
legal compliance, administering benefits, and ensuring a positive working environment.