Using Benchmarks and Performance Metrics to Make Better In-House Compensation Decisions

Using Benchmarks and Performance Metrics to Make Better In-House Compensation Decisions

Determining appropriate compensation for in-house counsel is typically a challenge for General Counsel and Human Resources professionals in corporations.  Simply slotting lawyers into existing corporate salary levels can ignore the realities of the value of lawyers in today’s extremely competitive legal market.  In addition, utilizing standard company performance metrics may fail to take into consideration important lawyer specific performance criteria that should be used in setting lawyer compensation.  In order to more effectively determine appropriate compensation levels, a law department should utilize legal industry compensation benchmarks and legal-specific performance metrics.
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