Legal Salary Guide 2023: Top Trends and Insights for Professionals The legal job market in 2023 is experiencing significant changes and developments driven by advancements in technology, shifts in consumer behavior, and evolving regulations. As the global economy rebounds from the impact of the pandemic, law firms, corporate legal departments, and other legal entities are adapting to new realities, shaping the demand for legal... (511 views)
Dollars and Sense: Exploring the Competitive Compensation and Benefits Package A competitive compensation and benefits package refers to the comprehensive set of rewards and perks an employer offers its employees in return for their work and contributions to the organization. This package typically includes various elements, such as a competitive base salary, bonuses, stock options or equity, health and insurance benefits, retirement plans, paid time... (74 views)
Getting What You're Worth: Negotiating Salaries for Legal Professionals Before entering into salary negotiations, legal professionals need to understand their worth and the salary range they can expect for their position and location. Researching industry surveys, job postings, and salary databases can provide a realistic salary range baseline. Talking to colleagues and recruiters in the field can also provide valuable insights into the going... (12 views)
Gender Pay Gap Persists Among General Counsel, With Men Earning 5% More Than Women On Median Real Wage According to a report by BarkerGilmore, men who hold the position of General Counsel continue to receive higher total compensation than women in the same role. In 2022, the median real wage for male GCs was $573,000, while for female GCs, it was $546,000, resulting in a 5% gender pay gap. The disparity in compensation is mainly due to bonus pay, where men earned a median... (11 views)
Do Law School Internships Pay? A Complete Guide to Making Money as an Intern in 2023 Law school internships can be a great way to gain experience and learn about the legal profession. Unfortunately, most of these positions are unpaid. However, some options, such as stipends or grant funding, are available for students who need to earn money while working an internship. Understanding the different types of internships and the employer's policies can help... (435 views)
NALP Foundation Report Shows Decrease in Associate Departures and Hiring Rates in 2022 According to a report released on Tuesday by the NALP Foundation for Law Career Research and Education, there has been a decline in the number of associates leaving their firms and the hiring rate after historic high levels were recorded in 2021. Despite the decline, both numbers are still above average. The report analyzed data from 128 law firms in the U.S. and Canada... (87 views)
Providing Fair and Equitable Compensation Fair and equitable compensation is crucial to a positive and productive work environment. Employers have a legal and ethical obligation to compensate their employees fairly for the work they do. This article will discuss the importance of providing fair and equitable compensation and guide achieving it. (413 views)
Florida's Controversial Legislation to Limit Lawsuit Abuse Sparks Concerns for Civil Rights and Insurance Company Benefits Florida House and Senate recently passed legislation limiting lawsuit abuse, which critics say benefits insurance companies more than victims. Governor Ron DeSantis approved House Bill 837 in March, and the complementing Senate Bill 236 is expected to become eligible for approval soon. Opponents of the legislation fear it will strip Floridians of their legal rights in... (11 views)
NYU Law Students Demand Monetary Compensation For Journal Work Although it may seem evident that doing work equates to getting paid, especially when the work is valuable to the institution, those familiar with law schools know this is different. Law students often compete with each other for the opportunity to do what is essentially grunt work for law journals without receiving any compensation other than a valuable resume entry.... (107 views)
Seattle Law Firms See Economic Slowdown as Opportunity to Attract Talent The economic slowdown in Seattle is a welcome relief for many of the city's law firms. With the high salaries and tech companies poaching their experienced lawyers, the firms have struggled to retain their talent. The hiring frenzy of the last two years saw many lawyers leave for Amazon, Facebook, and other tech giants with offers of a 9-to-5 schedule and stock options... (7 views)
Navigating the Complex Landscape of Pay Disclosure Laws: A Guide for Employers Starting from November 1, 2022, a new comprehensive law regarding salary transparency has taken effect in New York City. According to this law, companies hiring employees in the city must indicate the minimum and maximum salary range for any job posting, whether in print or online. (7 views)
Impact of Recessions on Attorney Salaries and Bonuses During recessions, attorney salaries and bonuses may be impacted by reduced demand for legal services and cost-cutting measures implemented by law firms. The impact may vary depending on the type of law firm, lawyer experience, and location. Some top law firms may still offer competitive compensation packages to retain talent. The impact of recessions on attorney salaries... (44 views)
Lawyer Hiring Outlook for 2023: Opportunities Still Available, But Move Quickly Hiring for lawyers in both in-house and law firm positions is not expected to be as high as in the past two years, but it should still be a good year, according to placement specialists in an Association of Corporate Counsel (ACC) chapter webcast. The technology sector, in particular, was over-hired in the past two years and experienced layoffs in the last quarter of 2022.... (30 views)
Achieving Work-Life Balance: Benefits of Embracing a Healthy Lifestyle A recruiter talks about the concept of the lifestyle firm, and what it means for the next wave of associate hirings. (42 views)