The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
General Electric's legal chief Benjamin Heineman remains the highest-paid general counsel in the US, scooping a mammoth $5.4m (£2.7m) in total cash compensation last year.
Heineman narrowly beat Lehman Brothers Holdings' executive vice-president and chief legal officer Thomas Russo, who earned an equally impressive $5m (£2.68m) in salary and bonuses.
However, if stock-related transactions such as exercised options are taken into account Russo's take-home pay jumps to $21.22m (£11.37m), the highest in the country. Russo, a former partner at Cadwalader Wickersham & Taft, cashed in $16.22m (£8.69m) of stock options last year. This compares with $6.6m (£3.54m) in stock options cashed in by Heineman in 2005, bringing his total take-home pay to $11.65m (£6.24m).
According to the survey conducted by Corporate Counsel, three other US in-house counsel took home more than $10m (£5.36m) last year.
UnitedHealth Group general counsel David Lubben pocketed $13.07m (£7m), Cendant Corporation general counsel James Buckman took home $11.6m (£6.22m) and Burlington Northern Santa Fe Corporation executive vice-president Jeffrey Moreland earned $11.53m (£6.18m).
American Express executive vice-president and general counsel Louise Parent took home $1.6m (£860,000) in salary and bonuses and $4.53m (£2.43m) in stock realisation - more than any other woman on the list.
The average bonus across the top 100 highest-paid US general counsel was $906,820 (£485,860) in 2005, while the average restricted stock grant was nearly $1m (£536,000).