Published May 2017
LACCA presents its independent research into the compensation packages received by in-house counsel throughout the US and Latin America.
There are many reasons why employees quit their jobs, but often they can be anticipated and rectified by employers before employees take the leap. LACCA spoke to GCs and recruiters across Latin America for their top tips on retaining the region’s best legal talent.
LACCA’s latest research into in-house salaries reveals the ever-expanding thicket of rules in highly regulated industries has contributed to higher compensation for GCs in sectors such as mining and pharmaceuticals.
Why do so many in-house counsel choose to switch jobs after only a few years with a company? Although salary is a major factor, LACCA’s Survey reveals that money isn’t the most important factor when deciding to move on in search of new opportunities.
LACCA’s research reveals that female in-house lawyers across Latin America continue to receive lower average wages than men, particularly in higher positions, with the gap even more pronounced in male-dominated industries.
LACCA’s research shows merit-based pay and bonuses are becoming increasingly common for GCs across Latin America, but bonuses can vary greatly depending on expertise, industry and company size.