Download the 2023 Private Equity Compensation Report for the Latest Average Private Equity Firm and Portfolio Company In-House Counsel Salary Data
BarkerGilmore’s annual 2023 Private Equity In-House Counsel Compensation report provides private equity and portfolio company in-house counsel the ability to compare pay with peers and aids legal leaders and human resources departments in attracting and retaining top talent by explaining competitive compensation packages.
The online survey was completed by a random sample of over 400 private equity in-house counsel at various levels of seniority within different-sized private equity organizations and portfolio companies across the United States.
Stay Competitive: Private Equity In-House Counsel Salary Trends
1. Total Private Equity Compensation Trends:
Across the board, PE and portfolio in-house counsel compensation scaled with company revenue. For example, the General Counsel’s median salary at portfolio companies scales slightly with revenue, ranging from $284K at firms with under $500K in revenue to $357K at firms exceeding $5B. Once a private equity firm’s AUM exceeds $1B, General Counsel compensation increases significantly.
2. Private Equity and Portfolio Company In-House Counsel duties:
Among all General Counsel, the majority have additional responsibilities beyond legal. At PE firms, 85% report serving as Chief Compliance Officer and 44% report acting as Corporate Secretary. General Counsel at portfolio companies are likely to serve as Corporate Secretary (72%) and Chief Compliance Officer (53%) as well.
3. Competitive Compensation for CCOs:
Among those surveyed, Chief Compliance Officers are most inclined to pursue new job opportunities based on compensation, with 40% indicating a high or very high likelihood.
Download the Full PE & Portfolio Company In-House Counsel Compensation Report
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