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High Stress, Greater Reward For Public Health Care General Counsel

August 30, 2023

High Stress, Greater Reward For Public Health Care General Counsel

According to BarkerGilmore’s 2023 Healthcare and Life Sciences In-House and Compliance Compensation Report, general counsel at public healthcare companies make twice as much as their private company counterparts at every revenue stage due to the long-term incentives they receive.

 

Trends revealed by the report include:

  • Median total compensation at private healthcare companies is $325,000, compared to $400,000 at public companies
  • Total compensation at private life sciences companies is $431,000 versus $478,000 at public companies;
  • Credentials such as law school rank and law firm experience have a big impact on total compensation across all positions regardless of company type, or company revenue
  • Life sciences compensates more than the healthcare industry. General Counsel at life sciences companies are a little more likely to report to the CEO than healthcare GCs. They are also more likely to serve as CCO and Corporate Secretary
  • The booby prize for healthcare General Counsel? They are more likely to be responsible for government affairs.

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