Assistant General Counsel Salary
|Salary||$72,251 - $201,613|
|Bonus||$3,535 - $52,029|
|Profit Sharing||$1,019 - $35,479|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$73,857 - $240,356|
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. (Copyright 2017 PayScale.com)
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
Though it's uncommon, some Assistant General Counsels move into roles as Deputy General Counsels, where they can earn incomes averaing out to a slightly higher $175K per year. Becoming an Associate General Counsel is, more often than not, the most common role that Assistant General Counsels move into when they're ready for the next step in their career. A median salary for an Associate General Counsel is $136K. Another frequent advance is for Assistant General Counsels to assume a General Counsel role; in this role, workers often take home $153K.
Assistant General Counsel Job Listings
Popular Employer Salaries for Assistant General Counsel
Popular Skills for Assistant General Counsel
Survey results imply that Assistant General Counsels deploy a deep pool of skills on the job. 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, 20 percent, and 11 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
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
Surpassing the national average by 61 percent, Assistant General Counsels in San Francisco receive some of the highest pay in the country. Assistant General Counsels can also look forward to large paychecks in cities like Dallas (+33 percent), Boston (+28 percent), New York (+27 percent), and Chicago (+19 percent). The lowest-paying market is Denver, which sits 45 percent below the national average, proving that location is a significant contributor to overall pay. Employers also pay below the national average in Austin (33 percent lower) and Portland (32 percent lower).
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Key Stats for Assistant General Counsel
Rated 5 out of 5
based on 69 votes.