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The Canadian Corporate Counsel Association (CCCA) and The Counsel Network are pleased to announce the results of our inaugural In-House Counsel Compensation & Career Survey 2009.
Intended to be an annual survey, the survey represents yet another initiative by CCCA to provide important information that reflects the Canadian in-house counsel experience. In undertaking the survey, CCCA partnered with legal recruitment firm, The Counsel Network, who commissioned Ipsos Reid to create this essential reference tool.
The comprehensive survey is the first of its kind ever undertaken in Canada.
Derek Patterson, CCCA President, views the survey as “dynamic and targeted, the kind of information that in-house counsel require for career development and growth”. Prior to this ground-breaking survey, in-house counsel relied on anecdotal evidence in benchmarking compensation issues. “Once again, CCCA is demonstrating our commitment to providing value to our members,” says Patterson.
Dal Bhathal, CEO, The Counsel Network, notes that there is real interest among the in-house community in gaining the kind of information contained in the survey. “It is important to identify trends in compensation and career issues that can assist Canadian in-house counsel in their career decision-making, and corporations in the retention of their lawyers” she says.
Methodology
More than 8,000 in-house counsel were invited to participate in the In-House Counsel Compensation & Career Survey 2009 by Ipsos Reid. The response rate to the survey, which was conducted in English and French, was very gratifying. According to Ipsos Reid, the survey generated a 14% response rate. In comparison, the usual response rate for a member survey undertaken by Ipsos Reid is somewhere in the 5-8% range.
The results are fascinating and include the following findings:
• Significant regional and industry differences were identified;
• Base salaries for female in-house counsel are 19% lower than for that of their male counterparts;
• 57% of in-house counsel are satisfied with their base salary;
• 25% of in-house counsel reported a salary increase of >5% in the past fiscal year compared to the current fiscal year, in which <10% reported an increase of 5% or more.
To read the article on the compensation survey, written by Sameera Sereda, National Director, In-House Counsel Division, The Counsel Network see here.
The In-House Counsel Compensation & Career Survey 2009 is complimentary for all regular (in-house) members of the CCCA. If you did not receive your copy of the results please contact Kendra Keaney Finnessy at kendrakf@ccca-cba.org
For associate (private practice) members and non-members wishing to obtain a copy of the survey it can be purchased for $500.00. Please contact Angie Rego at arego@thecounselnetwork.com to purchase your copy today!
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