You have a report that gives for each industry the median number of litigation cases per law department in the industry. Let’s say 45 cases. A later table in the report gives medians for subsets of that total number, such as medians of employment cases (perhaps 12), of patent cases…
An open question has been whether the time of participation in a benchmark metrics survey correlates to statistically different samples. Put differently, do law departments that submit data early in the collection period differ materially on key benchmarks from departments that submit their data months later, in the final stages…
An article in the Stanford Closer Look Series (at 2) addresses how government-appointed monitors should be paid. It cites research by Equilar on the compensation of the top lawyers within large U.S. companies. “General counsel within Fortune 1000 companies receive compensation that is 43 percent salary, 27 percent annual bonus,…
The compensation data currently in the General Counsel Metrics study includes almost 1,000 in-house lawyers, of which 404 reported the value of the equity award they received for 2011 (either zero or an amount; the others did not complete that question). Of that group that reported on equity, 225 got…
Some publications regularly trawl the annual reports of U.S. publicly traded companies and assemble those that include the general counsel in the five most highly paid executives. The articles they publish list the reported data in tables and inevitably headline the general counsel who “made the most last year.” It…
Other posts on this blog have reviewed the basic notions of linear regression, using correlations between total compensation and various factors that determine it. The calculation of a regression also tells how much of total compensation is predicted by each of the factors, such as years of law practice, practice…
Thomson Reuters recently surveyed more than 500 legal departments and spoke directly to over 100 legal department leaders and attorneys. Not surprisingly, given the T-R suite of legal software offerings, one area they covered was” vendor-provided” software (at 3). Matter and spend management tools, they found, had been adopted by…
You and you law department will benefit from taking part in the 2012 General Counsel Metrics benchmark survey. We are on our way to over 1,000 participating law departments, which gives tremendous reliability and specificity to the metrics. Plus, GC Metrics offers compensation data – more than 1,000 lawyers…
The Wenham Law Group pays its network of experienced lawyers between $75 and $100 an hour, but bills clients a flat $150 an hour – for everything. As described in New England In-House, July 2012 at 5, the cofounder of Wenham Law group, Inder-Jeet Gujral, expects the firm to handle…
The 2012 Real Rate Report, produced by TyMetrix and the Corporate Executive Board, includes some data on 2011 litigation rates. As explained in the ABA Journal, July 2012 at 33, the average hourly rate for associates was $357. Whether those rates are representative of other services provided by law firms…