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Who Is Better Compensated: Elite Biglaw Partners Or Top General Counsel?

May 28, 2021 at 8:54 AM Shares0 If you’ve paid any attention to the ballooning compensation figures of Biglaw partners in recent years, you already know that it pays to be an equity partner at a large firm. Meanwhile, as average partner compensation escalates, top in-house lawyers are being left behind.    In 2020, a Major Lindsey & Africa survey of partners in “Am Law 200 size firms” found average compensation of above $1 million. The ALM Intelligence 2020 Law Department Compensation Benchmarking Survey found general counsel and chief legal officers earned average total compensation of $573,000. So, as a general rule, it’s more lucrative to be a Biglaw partner than a general counsel.

Diversity Labs launches initiative to help in-house teams track law firm diversity

Diversity Labs launches initiative to help in-house teams track law firm diversity 27 May 2021 US corporates including Gap and HP have signed up to the programme Shutterstock Gap, Hewlett-Packard and US Bank are among 15 US corporate legal departments that have signed up to a new Diversity Lab initiative to hold law firms accountable for increasing the diversity of their teams working on matters. The Move the Needle Fund Diversity Dividends Collective aims to simplify the diversity data collection process for in-house teams and their law firms while also setting out goals to boost the diversity of external counsel teams.  To help achieve that, the initiative has set out five core metrics that best measure how firms are progressing – known as the Diversity Dividends 5x5 Matrix. Those include ensuring the overall makeup of teams include women lawyers, underrepresented racial and ethnic lawyers, lawyers with disabilities and LGBTQ+ lawyers. Firms will also be judged by the r

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