General Counsel Salaries Continue To Increase While Bonuses Shrink
Equity compensation, which allows general counsel to have those big paydays down the line, varies from year to year.
"In years past, there was a movement away from the equity component," Garber says. "People really wanted more certainty....Lawyers tend to be more conservative by nature."
Though it varies by company, typically only senior in-house lawyers receive any form of equity compensation, he adds.
The top equity earners in 2012 were Kuhlik ($1.24 million in stock, $919,999 in options); Kaden ($2 million in stock); Buchen ($1.69 million in stock); Jeffrey Sherman of Becton Dickinson in Franklin Lakes, a medical device company ($839,910 in stock, $559,430 in options); and Prevoznik ($858,026 in stock, $488,552 in options). •