Source: Daily Report
By Kristen Rasmussen
Like their counterparts in the rest of the country, general counsel in the South saw a slight drop in compensation in 2015, according to the 2016 General Counsel Compensation Survey, conducted by Daily Report affiliate ALM Legal Intelligence. But experts on executive compensation say Southern GCs have reason for optimism about their pay in years to come.
A quick word on methodology: Public companies in the United States are required to reveal the compensation of their five most highly paid executives. Despite being well-paid, some prominent GCs like Atlanta-based Home Depot's Teresa Wynn Roseborough and Miami-based World Fuel Services' R.
The slow growth in the economy generally is likely to blame for the down or close to flat numbers for general counsel, says Bob Graff, an Atlanta-based partner and recruiter in the in-house practice group at legal search consultants Major, Lindsey & Africa.
"In the years immediately following the recession, it was easier to bounce back because you're just getting back to where you've been," he says. "Now you're plowing new ground; you're trying to grow above and beyond where you've ever been, and that's harder."
Read more of this feature at Daily Report.