Senior Claim Counsel Salary
Senior Claim Counsels in the United States take home an average $100K per year. Most workers in this position report high levels of job satisfaction. Male Senior Claim Counsels are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. A large number get medical and dental insurance, and most get vision plans, too. This overview is based on answers to PayScale's salary questionnaire.
Job Description for Senior Claim Counsel
A senior claims counsel is responsible for providing timely and accurate legal advice, reviews, and other legal services for their organizations. They must be able to provide legal advice on a broad array of topics while also having a specialization, and they are also tasked with leading and managing projects which require business acumen and detailed knowledge of legal procedures. Rapid responses and solutions to daily complications are also important, so they must have working knowledge of legal issues and business practices in order to solve problems promptly.Read More...
Strong interpersonal and organizational skills are important in this position to ensure cooperation between departments and legal teams on joint-led tasks, and they may also be responsible for evaluating any training needs within the company and implementing procedures to keep other departments up-to-date. They may also work with other legal entities outside the company on occasion.
A juris doctor or equivalent degree and at least seven years of experience in cooperate law development, government, contract administration, or risk management are generally required for this position, and a senior claims counsel can expect to work more than forty hours per week while minimal travel is occasionally necessary.
Senior Claim Counsel Tasks
- Evaluate ongoing and emergent liability and litigation to determine need for outside counsel.
- Review and negotiate liability, settlement and expense allowances.
- Represent the organization in mediations, court proceedings and other situations.
- Recommend external counsel and assist in the transition of cases.
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Pay by Experience Level for Senior Claim Counsel
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Senior Claim Counsels with a rich background of experience are typically rewarded with larger paychecks. Those who have worked for fewer than five years take home a median salary of $78K, and workers with five to 10 years of experience earn a higher $98K on average. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $125K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $132K.