The International Legal Technology Association (ILTA) released the results of its 2008 Law Department Survey of 45 law departments. On page 5 a table lists eight technology roles. For each of them around 20 of the respondents had one or more people in the following roles: project managers, application developers,…
Data in InsideCounsel, Jan. 2009 at 52, covers compensation from the Thomson Hildebrandt 2008 Law Department Survey. One of the charts shows median total cash compensation from a survey population of more than 220 law departments by seven areas of legal practice (See my post of Feb. 12, 2009: cash…
Data in InsideCounsel, Jan. 2009 at 52, covers compensation from the Thomson Hildebrandt 2008 Law Department Survey. One of the charts shows median total cash compensation from a survey population of more than 220 law departments by seven areas of legal practice. Patent litigation ($263,080) M&A ($240,050) IP general ($221,648)…
No headline, really, about Samsung Electronics, appointing its first-ever European general counsel. If, however, you read the announcement in Corp. Counsel, Vol. 16, Feb. 2009 at 52, you might raise an eyebrow. Since February 2008, a secondee from Eversheds coordinated the company’s 14-lawyer in-house team in Europe. That lifts the…
An excellent article in Directors & Boards, Vol. 33, Fourth Quarter 2008 at 42, explains why general counsel might want to negotiate a personal indemnification agreement before they take the helm. Corporate bylaws may fall short of protecting them in the event of a claim and D&O insurance has holes.…
A survey gave respondents four choices to pick as the primary factors that limited the number of employees they could hire. By far the biggest restriction is “budget,” which 62 percent of the nearly 200 respondents chose. This could mean that their budget did not allow any additional compensation spending,…
The Small Law Department Compensation Survey conducted by the ACC and Empsight,includes in the term “LTI Valuation” (long-term incentive) three elements: the value of stock options, the value of restricted stock awards, and any long term cash awards. The survey report uses the Black-Scholes methodology to calculate the value of…
During my legal consulting projects I have seen instances of this with people who review marketing and promotional literature, with compliance staff, with documentation specialists, with technical staff, and with contract administrators. A lawyer supervises their work, but their headcount and costs remain on someone else’s org chart and budget…
The Small Law Department Compensation Survey, conducted in the summer of 2008 by ACC and Empsight, reports on data from approximately 340 law departments. According to a sidebar and chart in the ACC Docket, Vol. 26, Nov. 2008 at 8, the base pay of a general counsel with 1 to…
“The first lawyers Microsoft tends to put on the ground overseas are commercial attorneys that negotiate contracts and provide basic legal advice.” To address the meat-and-potatoes of what’s on the in-house table makes good sense. Because of that front-line need, the article makes the point that multinational law departments put…