What is a VP General Counsel?

What is a VP General Counsel?

Vice presidents and general counsel are responsible for overseeing ongoing tasks within a company and providing assistance and resolving problems as they arise. They may also be in charge of directing and overseeing smaller teams of employees as they work on individual projects.

What is the difference between corporate counsel and general counsel?

General Counsel is typically the title given to the highest ranking in-house lawyer within a legal department, and that person is usually a c-suite executive like the COO or CFO of an organization. Corporate counsel is simply a job title within a legal department. ... But it's all discretionary and up to the organization.

What is the job description of a general counsel?

The major duties and responsibilities of a General Counsel include: Advising executive members on new laws, existing laws and legal rights that would impact functionality of the business. Overseeing the legal matters of the business as a whole, including acting as the business' legal representative.

How much is general counsel paid?

Payscale estimates the average General Counsel salary is around $166,438. In 2020, Corporate Counsel carried out a survey of the country's best-paid general counsels. The survey took into account the base salary, cash bonus, and non equity incentives of these GCs.

What is the difference between chief legal officer and general counsel?

“You're the boss.” Hearing those three words is the goal of many corporate lawyers. ... The top lawyer in a company is usually called the General Counsel (GC) or the Chief Legal Officer (CLO). The difference between a GC and a CLO is that, usually, a CLO reports directly to the CEO while a GC does not.

Who is the highest paid general counsel?

The highest-paid legal chief in 2019, Alan Braverman of The Walt Disney Co., fell to #72, with less than $1.6 million in 2020 cash compensation.

What is the difference between a general counsel and a chief legal officer?

The top lawyer in a company is usually called the General Counsel (GC) or the Chief Legal Officer (CLO). The difference between a GC and a CLO is that, usually, a CLO reports directly to the CEO while a GC does not.

What is the difference between general counsel and chief legal officer?

“You're the boss.” Hearing those three words is the goal of many corporate lawyers. ... The top lawyer in a company is usually called the General Counsel (GC) or the Chief Legal Officer (CLO). The difference between a GC and a CLO is that, usually, a CLO reports directly to the CEO while a GC does not.

How much do Fortune 500 lawyers make?

Compensation on the Rise for General Counsel According to a recent Equilar report, median reported General Counsel pay reached $2.6 million in 2018. This is a 3.7% increase from the previous year. Overall, the median compensation for General Counsel has increased by 7.4% across the Equilar 5.

Is Chief Legal Officer higher than general counsel?

The role of chief legal officer is a newer position than the general counsel and in some ways is an expansion of the general counsel role. The CLO is a C-Suite position that focuses on the legal department but is also responsible for providing valid business solutions to arising problems.