Salaries on decline

Salaries paid to company lawyers in the US are on the decline, according to US legal consultants Altman Weil Pensa. Its latest survey of in-house legal departments, which is published jointly with the American Corporate Counsel Association, showed a 5 per cent drop in compensation paid to legal department heads. It also found there had been a 10 per cent drop for less senior in-house attorneys. The survey found that department heads were paid, on average, US$286,621 in 1997.