Corporate Lawyer Salary
Generous salaries abound for Corporate Lawyers in the United States, with average pay above six figures ($102K) per year. In the world of Corporate Lawyers, total cash compensation can vary between $59K and $299K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $50K and $131K, respectively. Residence is the biggest factor affecting pay for this group, followed by career length. Most report receiving medical coverage from their employers and the greater part collect dental insurance. Work is reasonably fulfilling for most Corporate Lawyers — the majority report average levels of job satisfaction. Generally, women make up less than a third of all Corporate Lawyers who answered the questionnnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
Job Description for Corporate Lawyer
Corporate lawyers are responsible for all aspects of corporate law practice. This includes all legal processes related to the formation, operation, and governance of a corporation or corporation-like entity such as a limited liability company (LLC), partnership, or alliance. The corporate lawyer may be responsible for helping establish a new corporation, which requires filing articles of incorporation and adhering to all relevant federal, state, and local regulations. Once a corporation has been established, corporate lawyers give advice on its business transactions with other entities and provide advice about regulations, licensing of new technologies, and managomg all legal disputes regarding operations. Corporate lawyers are also responsible for providing advice and planning related to corporate mergers, acquisitions, and other large-scale strategic deals.Read More...
Corporate lawyers typically work in an office environment during regular business hours, although there is a high likelihood of overtime due to the demanding and fast-paced corporate atmosphere, especially when major deals, acquisitions, or restructurings occur. Corporate lawyers work closely with other members of the legal team, such as trademark and patent lawyers, to ensure the legality of all aspects of corporate operations. They meet with regulatory agencies to negotiate and ensure compliance with laws and other regulations. They also advise upper management on corporate strategy and regulatory issues. Some travel is required to meet with regulators, as well as observe and advise at satellite corporate offices and sites.
Corporate lawyers must have a juris doctor degree and membership in a state bar (typically the state in which the corporation operates). Experience of up to 10 years is required, as this may be a high-level position within the corporation that has extensive responsibilities.
Corporate Lawyer Tasks
- Advise clients in business transactions, claim liablility, advisability of prosecuting or defending lawsuits or legal rights and obligations.
- Select jurors, argue motions, meet with judges and question witnesses during the course of a trial.
- Represent clients in court or before government agencies, present and summarize cases to judges and juries.
- Gather evidence to formulate defense or to initiate legal actions; evaluate findings and develop strategies and arguments for presentation of cases.
- Analyze and interpret laws, rulings and regulations with probable case outcomes for individuals and businesses.
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Pay by Experience Level for Corporate Lawyer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience is an important factor influencing the compensation of Corporate Lawyers. Although individuals who have less than five years' experience earn $98K on average, people with five to 10 years benefit from a notably larger average of $132K. On average, Corporate Lawyers make $149K following one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $170K on average.
Pay Difference by Location
Corporate Lawyers will find that Washington offers an impressive pay rate, one which exceeds the national average by 60 percent. Corporate Lawyers can also look forward to large paychecks in cities like San Francisco (+48 percent), Chicago (+32 percent), New York (+22 percent), and Houston (+3 percent). Place of residence plays a huge part in a Corporate Lawyer's salary, with Atlanta Corporate Lawyers earning salaries that are 34 percent less than the national average. Employers pay around 33 percent less in Philadelphia and 19 percent less in Denver, below-median salaries for those in this field.
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