Even for associates who dream about leaving Biglaw to roam the greener pastures of in-house life where they’ll eventually become general counsel (this is a dream, remember), money is still going to be a factor. But there are several industries where general counsel pay is tops, and compensation is more lucrative than ever.
Corporate Counsel, through its 2018 GC Compensation Survey, a ranking of the country’s best paid general counsels, identified the industries where GC comp is king by adding up the total cash pay of the GCs in each industry who made the rankings.
Here are the top five industries, ordered from the most lucrative to the least:
- Entertainment (ex. Gerson Zweifach of Twenty-First Century Fox: $5.500M; Alan Braverman of Walt Disney Company: $5.165M)
- Chemicals (ex. Charles Kalil of Dow Chemical Company: $2.369M; David Snively of Monsanto: $1.667M)
- Commercial Banks (ex. Eric Grossman of Morgan Stanley: $6.948M; Lauren Seeger of American Express: $6.718M)
- Utilities: Gas and Electric (ex. Leila Vespoli of First Energy: $1.481M; Martha Wyrsch of Sempra Energy: $1.429M)
- Mining, Crude Oil Production (ex. Verona Dorch of Peabody Energy: $1.929M; Janet Langford Carrig of ConocoPhillips: $1.903M
Who would’ve guessed that the banks would be in third place? Apparently not all GCs in this industry are well paid as the Morgan Stanleys and AmExes of the world. With the banks out of the way, get ready to see your name in lights because it looks like there’s hope for you yet if you want to become a titan of the entertainment law world.
Congratulations to all of these highly compensated general counsels.
The 5 Industries GCs Should Enter if They Want Great Compensation [Corporate Counsel]
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
GCs Who Want To Make Big Bucks Should Consider These 5 Industries curated from Above the Law
No comments:
Post a Comment