ALM Intelligence Releases 2020 Legislation Office Payment Benchmarking Survey

Dec 16, 2020 9:00 AM ET

Authorized Newswire Driven BY Regulation.COM

The Regulation Division Payment Benchmarking Study is the most detailed analytical resource for reviewing and setting law office payment

New York, NY – December 16, 2020 – ALM Intelligence has just launched the 2020 Legislation Section Compensation Benchmarking Survey.  The 2020 version of the survey displays how America’s top companies compensate their in-property lawful staff by providing insights into payment packages—including wage, reward, and whole hard cash and stock options—across 9 positions and quite a few areas, division dimensions, and industries. 

This year’s study was done from March to September 2020 and bundled facts from about 1,900 US attorneys.   

“The annual Regulation Office Payment Benchmarking Study presents legislation departments with applicable knowledge and a significant benchmark to evaluate the fairness and competitiveness of their department’s compensation structure,” said Michelle Matroni, Study Manager, ALM Intelligence.

Highlights from this year’s survey consist of:

• Like 2019 final results, personal benefit and business functionality stand out as the key variables utilized in the annual official performance evaluation process to decide lawyers’ income/reward payment components
• At $385K, the nationwide normal income amid chiefs is on par with 2019 results
• Total payment for division counsel is greatest in legislation departments with over 50 legal professionals
• The variety of many years in the situation has small effects on the common salary for non-administration attorneys
• Overall payment for new graduates improved vs. last 12 months

“This is significant intelligence for legislation firms”, claimed Patrick Fuller, Vice President of ALM Intelligence. “There is a substantial disconnect and increasing compensation hole in between significant regulation corporations and their in-household counterparts, and that has been exacerbated during this earlier year”. 

For additional data or to get the full variation of the study, pay a visit to: http://at.alm.com/LDCB2020Survey.

Legal Compass subscribers can download the total effects by logging in to Lawful Compass right here.

About ALM Intelligence

ALM Intelligence supplies proprietary data, examination, applications, and knowledge that empower our shoppers to do well. The products suite and wide info repository arm professionals with the significant business information demanded to make the most impactful and educated selections probable. The exhaustive details repository and item operation empower industry experts to combat competitive challenges head-on with the assurance to continue to be ahead of the subject. The depth of ALM Intelligence’s abilities throughout the rewards, insurance, consulting, and authorized industries give a wide spectrum of actionable intelligence to facilitate and execute strategy. Stop by www.alm.com/intelligence for additional info.

About ALM

ALM, an info and intelligence enterprise, provides shoppers with important news, facts, examination, marketing methods, and events to successfully control the small business of law. ALM serves a group of over 6 million business enterprise specialists trying to find to learn, hook up, and contend in hugely complicated industries. Make sure you visit www.alm.com for extra information, and stop by www.alm.com/occasions/ to understand about our impending situations. You should follow us on Twitter at @ALMMedia.

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