Assistant General Counsel Salary
|Salary||$69,800 - $203,719|
|Bonus||$2,985 - $56,795|
|Profit Sharing||$1,026 - $39,453|
|Total Pay (||$70,497 - $243,835|
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
Although it's unusual, some Assistant General Counsels transition into jobs as Deputy General Counsels. The latter group reports earning a slightly lower median of $175K per year, though. An Associate General Counsel role is the most common promotion for Assistant General Counsels moving up the ladder. Pay for this role tends to be $136K per year. Another typical, albeit less common, transition for Assistant General Counsels is a General Counsel position, where earnings are usually $153K.
Popular Employer Salaries for Assistant General Counsel
Popular Skills for Assistant General Counsel
Survey results imply that Assistant General Counsels deploy a substantial tool kit of skills at work. 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 42 percent, 18 percent, and 9 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. Most people who know Contract Negotiation also know Regulatory Compliance and Litigation Case Management.
Pay by Experience Level for Assistant General Counsel
Pay by Experience for an Assistant General Counsel has a positive trend. An entry-level Assistant General Counsel with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 123 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant General Counsel with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $145,000 based on 163 salaries. An experienced Assistant General Counsel which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $185,000 based on 200 salaries. An Assistant General Counsel with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $192,000 based on 69 salaries.
Pay Difference by Location
For Assistant General Counsels, busy San Francisco offers a higher-than-average pay rate, 58 percent above the national average. Assistant General Counsels will also find cushy salaries in Dallas (+30 percent), Boston (+26 percent), New York (+24 percent), and Chicago (+17 percent). Compared to the national average, Denver Assistant General Counsels have considerably lower salaries, 46 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers also pay below the national average in Austin (34 percent lower) and Portland (33 percent lower).
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Key Stats for Assistant General Counsel
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