The average salary for in house counsel has climbed by 0.4% over the past year and has grown by 0.5% since 2012. The average salary for in house counsel is now $191,455.
As a home-based in house counsel, it will be critical for you to understand how much does an average salary range of home based in house counsel start at. As per the Bureau of Labor Statistics (BLS) the median income of in house legal consultants and investigators is $78,000 which is far below the average salary of $113,200 which they reported in 2016 (Source: BLS).
As you likely know, in house counsel can make a lot of money. When you’re looking for a new job or taking stock of your current position, it’s important to know the average salary of in house counsel. This will give you an idea of how much you should be making and hint at whether this is something you might want to pursue further.
In house counsel salary varies depending on the type of legal work you do and where you work. An average annual salary will range between 16-20k depending on the state.
In house counsel are a vital part of a company’s infrastructure. They handle day to day legal tasks, ranging from drafting contracts and documents, to negotiating with clients and vendors. While all in house counsel are not the same, it is important that you know how much they earn.
In house counsel, or corporate counsel, is usually a lawyer who works in a law firm without full-time employment. They work within the company and advise management on legal matters that arise. In many cases they are charged with providing advice and/or counsel to company employees on any legal issues which arise. The position has become more common nowadays because companies recognize the importance of their legal departments to their operation, growth and profitability.
Average salary for in house counsel
The average pay range for in house counsel is typically between $110,000 and $150,000. These legal professionals are renowned in their field and will often enjoy great job security. However, like any profession with a high-level of responsibility, starting off as an in house counsel can be difficult. There is a lot to learn and many tough cases that all lie on the shoulders of this person. But if you love law and business, in-house counseling might be the perfect job for you!
The highest paying company pays its in house counsel more than $700,000 per year with a 13% increase over last year. The second highest paying is close behind with a whopping 17.6% increase from last year. The third highest payer is trailing with a 16.7% increase from 2014 to an annual salary of $254,816.
While it varies by location, in-house counsel generally make between $109,000 and $135,000. This covers senior attorneys, who experience a salary range between $130,000 and $150,000. An experienced attorney with a top-tier university education might expect to make up to $160,000 at a high-ranking firm. After passing the bar exam, new attorneys might not earn these exorbitant salaries until they have several years of experience under their belt.
The average salary for a lawyer in private practice is $189,864 , which is more than 11% higher than the salary of in-house counsel. However, lawyers in private practice are less likely to make six figures. Only 31.9% of the private practice lawyers make more than $200,000 per year, while around 62% of the in-house counsels report that they earn more than $200,000.
What kind of work do they do? In-House Counsel can perform a variety of duties. They research and draft contracts, including non-disclosure agreements and nondisparagement clauses. They also handle a company’s legal affairs, such as trademark protection and corporate mergers. In-house counsel is also tasked with preventing fraud on the part of both current staff members and outside contractors. Finally, in-house counsel review employee contracts to identify conflicts with existing or future legislation.
As you can see, the average annual salary for a lawyer specializing in intellectual property protection is approximately $178,000. Lawyers who are employed directly by a university or corporation will often make even more, depending on the size and scope of their employer. Of course, some specialty attorneys may take home even higher salaries. Those working in patent law, for example, are reportedly paid an average of $190,281 (FindLaw 2014).
