https://paragonlegal.com/wp-content/uploads/2024/01/12324.png 1080 1080 Jamillah May /wp-content/uploads/2023/11/paragon-logo.svg Jamillah May2024-01-25 14:10:022024-01-29 10:27:242023 Paragon Diversity Report
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The in-house legal department touches nearly every other part of the business — and delivers value that far exceeds its costs.
Legal departments are not just guardians of compliance and risk management, but strategic partners in decision-making.
Legal teams help shape corporate strategies, negotiate critical contracts, manage intellectual property, and provide crucial insights that impact the top and bottom line. They also embody a blend of legal and business acumen, making their role indispensable in navigating complex business environments.
Even so, it shouldn’t come as a huge surprise that many GCs are struggling to get support for good investments these days, as significant company-level constraints squeeze legal department budgets.
And while law firms continue to publicize their skyrocketing salaries and bonuses, corporate counsel pay remains a mystery.
At Paragon, we know that in-house compensation data is more critical now than ever, especially for GCs tasked with overseeing resource allocation within their departments.
Understanding pay trends and levels is vital to help GCs make informed decisions about rightsourcing — balancing in-house expertise with outsourced legal services to achieve costeffectiveness and efficiency. Transparency in compensation also empowers GCs to make informed decisions, balancing quality legal work with fiscal responsibility and ensuring the legal department is dynamic yet cost-effective.
To help you meet your department’s budgeting needs — as well as chart your own career path — we’re pleased to share this extensive data from Above the Law. The 2023 In-House Compensation Survey Report shines new light into the black box of law department pay.
This year’s report draws on responses from more than 1,900 lawyers, and includes new benchmarking components that allow for greater precision. Its extensive data set is also segmented in varied ways, giving a more complete picture of industry practices.
Whether you’re in a large or small law department, in-house or private practice, legal operations or an ALSP, we hope you find this data useful in meeting all of your business goals.
https://paragonlegal.com/wp-content/uploads/2023/01/paragon-legal-2022-diversity-report-1.jpg 533 800 competenow /wp-content/uploads/2023/11/paragon-logo.svg competenow2023-01-19 12:50:222024-01-02 14:35:212022 Paragon Diversity Report
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The most famous of the maxims inscribed on the Temple of Apollo at Delphi is “Know thyself.” Scholars believe these words were inscribed on the temple around 300 to 400 B.C.E.
So, ask yourself, does your law department really know itself? Or do your attorneys get so bogged down by work that they never lift their heads to consider how they and their colleagues might fit together as an effective, well-functioning whole?
A little self-knowledge can go a long way when it comes to finding the best solutions.
This article will explore the characteristics of three types of law departments. Its goal is to offer a fresh way to look at whatever confronts you, whether you fit neatly into one of these categories or hover somewhere in between.
https://paragonlegal.com/wp-content/uploads/2023/12/shutterstock_717085675-cropped.jpg 426 667 competenow /wp-content/uploads/2023/11/paragon-logo.svg competenow2022-10-06 17:06:482023-12-28 08:52:45Interview Prep Guide Download
Congratulations! If you’re reading this you are likely contemplating a career move which can be fun, exciting, nerve-wracking, and unfamiliar all at the same time. Our Paragon team hopes this guide will provide you with useful reminders and new strategies so that you feel well-prepared and confident for your next interview.
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https://paragonlegal.com/wp-content/uploads/2022/06/paragon-legal-2021-diversity-report.jpg 533 800 competenow /wp-content/uploads/2023/11/paragon-logo.svg competenow2022-06-15 17:03:142024-01-02 14:35:062021 Paragon Diversity Report
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As a General Counsel, you may feel torn about the best approach to take when your team is facing a special project or a work surge.
You could simply ask your staff to take on the extra work, but putting too much on their plates could lead to burnout — or at the very least, some icy stares across the conference room.
Alternatively, you could hire another staff attorney, but that means onboarding a new person and trying to wring an additional salary from your budget. And of course, you could kick the work to an outside law firm, but their rates continue to rise, even as budgets continue to fall.
With flexible interim counsel, law departments can access high-quality support without overextending their resources. Not only do these attorneys have premier credentials and work experience, but they’re also able to seamlessly fit into your legal department.
In this spirit, we bring you three situations inspired by our years of experience providing interim counsel. (Any resemblance to real companies or events is entirely coincidental.)
Here’s how flexible counsel can help your law department meet and exceed its business goals.