CORPORATE COUNSEL

General Counsel Salaries Continue To Increase While Bonuses Shrink

, New Jersey Law Journal

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Salaries rising

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). •

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