Assistant General Counsel Salary
Job Description for Assistant General Counsel
An assistant general counsel ensures a company's compliance with relevant laws and regulations. They work closely with the business team to develop policies, practices, and guidelines concerning state, federal, and international compliance with laws and regulations. Their main focus is on laws and regulations that concern the company; for example, many insurance companies use general counsel, who are concerned mainly with insurance laws.Read More...
Assistant general counsels manage compliance programs, including business ethics, trading, information security, anti-corruption, date security, privacy policies, and other economic sanctions. They develop and review policies and practices, as well as manage regulations for the company such as form filings and rules. They manage dissemination within the company of information needed to maintain compliance with the law. Assistant general counsel also support legal initiatives and disseminate compliance information in claims, underwriting, and operations.
Assistant general counsels are required to have a law degree from an ABA-approved law school. They must possess working knowledge of state and federal regulations and be able to practice law in the state in which they become employed. They also need to have knowledge of international laws and practices and have some compliance experience relevant to their industry. Candidates must have excellent written and verbal communication skills; they must also be self-driven and a self-starter, as most of the time they work alone.
Assistant General Counsel Tasks
- Provide assistance to office of General Counsel.
- Represent client's interests in transactions, affiliations, mergers, joint ventures, contracts and other business opportunities.
- Provide legal advice on legal and regulatory issues and federal and state laws and regulations.
Common Career Paths for Assistant General Counsel
Assistant General Counsels who advance into the role of a Deputy General Counsel are fairly uncommon. Deputy General Counsels on average earn $175K per year. Given that the median pay is $136K, it may be surprising to find that an Associate General Counsel is the most common role for Assistant General Counsels to subsequently assume on their way up the ladder. Transitioning into a General Counsel role — which pays $152K — is also typical for Assistant General Counsels, though less common by comparison.
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Popular Skills for Assistant General Counsel
Survey takers working as Assistant General Counsels report using a large range of professional skills. Most notably, facility with Mergers and Acquisitions, Intellectual Property (IP), and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 44 percent, 25 percent, and 10 percent, respectively. Those listing Legal Document Review as a skill should be prepared for drastically lower pay. Contract Management and Risk Management / Risk Control also typically command lower compensation. It is often found that people who know Contract Negotiation are also skilled in Regulatory Compliance and Litigation Case Management.
Pay by Experience Level for Assistant General Counsel
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Assistant General Counsels. Although inexperienced employees take home approximately $78K, those who have five to 10 years under their belts benefit from a six-figure median of $140K. On average, Assistant General Counsels make $187K following one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $197K.
Pay Difference by Location
For Assistant General Counsels, busy San Francisco offers a higher-than-average pay rate, 67 percent above the national average. Assistant General Counsels will also find cushy salaries in Atlanta (+37 percent), New York (+31 percent), Dallas (+20 percent), and Chicago (+20 percent). Location significantly influences compensation, with Milwaukee Assistant General Counsels earning much less — 56 percent less — than the national average. Workers in Austin and Portland earn salaries that trail the national average for those in this profession (32 percent less and 31 percent less, respectively).
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