Legal Pay News
We are always looking for partnerships with the best software and legal service providers. Contact us to learn more about integration with our patented payment processing software. Money is rising for every in-house legal position — except one — as companies flood top talent in the legal department with money to keep them from greening up, according to the latest annual global internal compensation survey by Major, Lindsey & Africa. Keep up to date with the latest news and announcements from LawPay and our parent brand AffiniPay. Media inquiries: Contact Keely Leonard at kleonard@affinipay.com. “Companies that can compete with Cravath`s salaries are eager to stand out,” said Katherine Loanzon, Managing Director of Kinney Recruiting. “They tell the market that they see themselves as part of the elite companies,” she said. The energy and utility industry has the highest salary for the United States. General Counsel and General Counsel, with an average of over $900,000, as evidenced by the results of Major, Lindsey & Africa. More than a quarter of lawyers surveyed said they would look for a new job if they did not receive a raise. However, new research this week illustrates the wage pressures that may be exerted on law firms this year.
Nearly two-thirds of legal workers plan to ask for a raise in 2022, according to a survey by recruitment firm Robert Half, with respondents pointing to a higher cost of living and additional job responsibilities. In-house legal leaders in the U.S. earn an average of $578,446 this year, up 15 percent from 2020, according to a survey by a legal research firm. Since last week, job seekers in New York have access to important information: how much money they can expect for an advertised position. New York now requires employers starting in November. In some cases, they require employers to share information upon request or after an interview, with the exception of small businesses. In other cases, employers must provide salary ranges. In Colorado, for example, Indeed`s hiring page recently advertised a salary range of $57,131 to $88,516 per year for an executive assistant in Denver. A human resources data analyst role indicated a range of $67,488 to $111,355 per year. A retail position at Target advertised an hourly wage of $23.75 to $40.40. New York City`s law is similar to Colorado`s, but only applies to employers with four or more employees and not to all businesses.
That`s a third of the city`s employers, but about 90 percent of workers, according to statistics from the state Department of Labor. The new wave of legislation marks a shift in accountability for pay transparency, with more and more employers now blamed for creating an open work environment, rather than leaving it up to employees to determine how their pay compares to that of their peers and whether they should demand fair compensation. says Andrea Johnson. Mary Ramsay, 55, a health educator from Syracuse, N.Y., who is looking for a higher-paying job, said she hopes New York City`s pay transparency bill will soon apply statewide, something lawmakers are currently considering. “Hiring employees should be seen as a bilateral contract,” she said.