David Bernick

Non-Sequiturs: 08.15.12

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Andrew Shirvell

* Andrew Shirvell questioned himself for over an hour today in defense of himself from Chris Armstrong’s defamation lawsuit. I’m telling you, life is so much easier when you don’t care about a person’s sexual orientation. [Detroit Free Press]

* It looks like Boies Schiller somehow filled the spot left by Elizabeth Wurtzel. [Thomson Reuters News and Insight]

* Election Law professor Rick Hasen is disappointed with the Pennsylvania voter ID decision today. [Election Law Blog]

* Grumpy baby boomer blogs angrily about law and life, a.k.a. my future. [Grumpy Baby Boomer]

* How to dress like a female lawyer from a television show. Funny, I didn’t know “breast implants” were a fashion accessory now. [Levo League]

* The Daily Caller dug up an article Michelle Obama wrote about critical race theory while at Harvard. She makes some pretty good points, especially considering the perspective of a young black person trying to deal with Harvard Law School in 1988. But I suspect the context of the article, the theory, the history, the university, and everything else will be missed by most of the readers of the Daily Caller. [Daily Caller]

* Here’s a new social network for law students. [Indiana Lawyer]

* Buy Tyler Coulson’s book (affiliate link), save a dog. You don’t want to kill puppies, do you? [PR Web]

* Lat is on a proposed SXSW panel about haw law firms should (and should not) be using Twitter and other social media. I hope firms don’t listen to him, because it’ll make my job easier. [SXSW PanelPicker]

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Who Are America’s Best-Paid General Counsel? (2012 Rankings)

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Last year, all things considered, wasn’t a bad year for Biglaw. The law firms of the Am Law 100, for example, experienced decent growth. In 2011, for the Am Law 100 as a whole, gross revenue grew by 5.3 percent, revenue per lawyer grew by 1.9 percent, and profits per partner grew by 3 percent. It was a perfectly fine year for partners.

How did their counterparts on the corporate side fare? Alas, not as well, according to Corporate Counsel’s latest compensation survey of the nation’s general counsel. Base pay for GCs in the survey declined by 1.8 percent, to an average of $611,411. Bonuses and nonequity incentive pay slid by an even larger number, 7.7 percent, to an average of $1,125,458. Meanwhile, in terms of non-cash compensation, the average stock award fell by 10.8 percent, to $1,426,325, and the average stock option award dropped by a whopping 18.7 percent, to $732,453.

These are just the top-line figures — which, of course, conceal a lot of individual variability. Let’s take a look at some specific names and numbers, as well as the top ten highest-paid general counsel….

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Who Are America’s Best-Paid General Counsel?

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Which GC took home the most cash in 2010? For the first time, the winner was a woman.

Corporate Counsel just released its annual list of the highest-paid general counsel in the land. On the whole, the news is good: “If last year’s GC Compensation Survey showed the aftereffects… of the deepest trough of the recession, this year’s results show that chief legal officers made steady gains and recovered some momentum.”

This year there was at least one surprise: a winning woman. For the first time since the inception of the survey in 1994, the highest-paid general counsel on the list was a female attorney.

Who topped the list, and how much did she make? Let’s take a look….

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