Global Corporations Slowing Their Spending on Legal Fees, Study Finds

Posted on Tuesday 30 September 2008

Large global corporations are slowing their spending on legal fees, both for in-house and outside legal counsel -- but compensation to lawyers is still on the rise, according to a survey of 223 companies done by legal consultant Hildebrandt International. Lawyer pay -- including base salary and bonuses -- increased by an average of 8 percent among all lawyer levels. Last year, that figure was 10 percent. The average compensation for in-house attorneys is $236,000, up from $226,000.

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