Hildebrandt, a unit of Thomson Reuters, shared some data on cost control strategies from its 2009 Law Department Survey. “Over the past several years, in-house attorneys have been receiving an annual 6-8% median increase in total cash compensation.” The recession has ended that streak.
I don’t write much on this blog about compensation because I have learned that there is not much demand for consulting in that area. General counsel (and HR) want some comparative benchmarking data on salaries and bonuses, but in the end there is not a whole lot of wiggle room for consulting (See my post of Aug. 21, 2008: compensation elements with 19 references.).
Still, the point of the survey noted above is that in 2009 and 2010, many in-house lawyers may feel more grateful for a job than entitled to a raise.