Senior Claim Counsel Salary
Senior Claim Counsels in the United States take home an average $105K annually. Most Senior Claim Counsels like their work and job satisfaction is high. Most Senior Claim Counsels survey respondents are men (78 percent). Most receive medical and dental insurance and a large number get vision insurance. This report is based on responses to the PayScale salary survey.
|Salary||$77,722 - $166,050|
|Bonus||$-0.50 - $34,465|
|Total Pay (||$77,722 - $196,005|
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
- Represent the organization in mediations, court proceedings and other situations.
- Recommend external counsel and assist in the transition of cases.
- Evaluate ongoing and emergent liability and litigation to determine need for outside counsel.
- Review and negotiate liability, settlement and expense allowances.
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. Relatively untried employees who have less than five years' experience make $78K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $100K. After working for 10 to 20 years, Senior Claim Counsels make a median salary of $127K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $135K.
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Key Stats for Senior Claim Counsel
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