In House Legal Salary Guide
Ironclad compiled the latest available data from the Bureau of Labor Statistics and Major, Lindsey & Africa (MLA) to examine how in-house attorney salaries compare to attorneys` incomes in each state. Data on average lawyer income cover a range of lawyers` titles, from legal aid workers to partners in law firms. The MLA data is specifically limited to in-house counsel and provides compensation data for 29 states and Washington D.C. Ironclad has accomplished the herculean task of aggregating and collecting data from the Bureau of Labor Statistics and Major, Lindsey & Africa to publish a report in 2021 that should prove useful to many in-house attorneys: California is on a list of the best places to practice law in 2019, compiled by the American Bar Association in ABA Journal. For in-house lawyers, it was reported that the total annual cash ratio of $4.8 million in the greater Los Angeles area was the highest in the country. The state had the second-highest number of lawyers, just behind New York, with 170,117. San Francisco ranked 10th among cities and metropolitan areas with the highest demand for legal services. The National Law Review noted that California has four attorneys` centers: in addition to San Francisco, there are Los Angeles, San Diego, and Sacramento. The U.S. has more than 1.3 million lawyers, according to a 2020 profile from the American Bar Association. New York City has 117,000, or 14 lawyers per 1,000 residents.
Overcoming the rise of in-house lawyers, according to Harvard Law School`s The Practice, in 2012 there were only about 100,000 in-house lawyers in the United States, but that number has likely increased as the in-house legal movement continues to take shape. So what are the current compensation trends? And what are the numbers at the moment. instantaneous. That second? Note: This article discusses the remuneration of an organization`s senior legal executive. In the following articles, I will provide comp information for other levels in Legal. Two Louisiana-based companies are on the Fortune 500 list in 2020, energy company Entergy and telecommunications company CenturyLink, now Lumen. Of Louisiana`s 50 largest private employers, 60 percent are in the medical field, according to data from Greater New Orleans Inc. and published by Nola.com. Also in attendance: construction companies and Raising Cane`s Chicken Fingers.
Only eight states have more lawyers per capita than Louisiana, according to a 2020 profile from the American Bar Association. Texas ranked third in 2019 with 91,244 on a list of the most attorneys per state. The list was compiled by the American Bar Association in ABA Journal. Houston ranked second on a list of the best cities for lawyers compiled by AdvisorSmith, the economic research firm, and calculated based on the cost of living, salaries and density of lawyers. Texas has also seen a significant influx of businesses in recent years, making it a prime location for in-house lawyers. In all positions, respondents working for an Am Law 100 law firm had higher total compensation than those with Am Law 101+ experience, small or regional law firm experience, or no law firm experience. On average, in-house counsel with Am Law 100 experience had 34% higher total compensation (38% general counsel, 32% managing counsel, 27% senior counsel) than those without law firm experience. It has been observed that the impact of the Am Law 100 or Am Law 101-200 experiment has the greatest impact on the General Counsel and Managing Counsel levels. In-house lawyers deal with corporate legal matters, which may include taxation, employment, contract management, regulation or similar matters. Lawyers also handle work that has been outsourced to lawyers from external law firms, such as litigation.
These in-house lawyers typically work for specific firms – including as independent contractors – within their legal teams in order to achieve the goal of meeting the legal needs of a particular firm.