By now you know this is probably a trick question. But it illustrates a really important point that, if you can master, will help keep you on the path to happiness. First, some background.
The existing data available on the market for in-house counsel is notoriously variable, representing too few legal job titles, limited in the compensation metrics reported, or can only be purchased at a high cost.
Some well-known recruiting firms conduct strong salary surveys but exclusively collect self-reported data, and the data that is reported is often not Safe Harbor compliant. Or they only survey professionals looking for new career options (and large salary increases), which can report inaccurate/inflated data that is not representative of the market as a whole. As a result, there is a high degree of uncertainty among in-house legal professionals as to whether they are truly being compensated at proper market rates.
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ACC recognized this need and partnered with Empsight International LLC in 2020 to bolster our compensation data and help fill this crucial market gap.
ACC recognized this need and partnered with Empsight International LLC in 2020 to bolster our compensation data and help fill this crucial market gap, providing high-quality compensation data to our members and beyond.
The ACC/Empsight Law Department Compensation Survey and Benchmarking Reports provide data that represents your actual job position in a similarly sized company, industry, and geographic region. You can also use this accurate and comparable data for practical benchmarking purposes.
We know that compensation data is sought for a variety of reasons. You may be seeking to change jobs and need data to assist in compensation package negotiations during interviews. Or you may be seeking a promotion and want to know what kind of salary increase you should expect.
Companies and legal departments also need to make sure they are compensating their staff at appropriate market rates and seek out benchmarking data to stay competitive. Therefore, ACC and Empsight collect compensation data at both the company-level and the individual-level, which enables us to produce compensation reports structured to reflect the varying needs of those seeking out the data.