Legal Business

General counsel pay still bolstered by bonus culture

The bonus, not the pay rise, was how companies rewarded the efforts of their general counsel (GC) in 2012. This reflects a changing rewards system for GCs, and caution from the managers who employ them.

These are the findings from two recent studies on wages for in-house lawyers. The first survey from UK employment research organisation, Incomes Data Services (IDS), showed average pay increases fell below the retail prices index last year.