Economic recovery pays off for in-house lawyers

Not only are opportunities to work in-house increasing but remuneration for doing so is too, according to two new surveys out this week.

The first by recruitment agency BCL showed a marked increase in both salaries and bonuses in the regions over the last year.

Earning potential for in-house lawyers with 10 to 12 years’ post-qualification experience increased across the board. The North West topped the table, where salaries averaged between £72,500 and £115,000.

Meanwhile, according to a benchmarking survey carried out by recruiter Laurence Simons, in-house departments will be larger and in control of bigger budgets next year, after a 60 per cent rise in headcount in EMEA in-house teams since 2010.

After several years of stagnation in the in-house market – almost half of those surveyed in 2012 and 2013 expected there would be no growth – it appears that increased confidence in the economy has reinvigorated in-house legal departments.

Also on

  • This week’s panel reviews have seen Clydesdale and Yorkshire Banks cut their panel, Eversheds wins a first-time place on Vodafone’s revamped UK panel, and Baker & McKenzie, Fieldfisher and Three Crowns are among firms to win spots on BP’s niche panel
  • LCH Clearnet has hired Freshfields Bruckhaus Deringer associate Diane Bouwmeester as its group general counsel and head of compliance
  • And don’t miss our in-house interview with Seedrs general counsel Karen Kerrigan
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