Finally, an optimistic prediction for legal professionals. Up until very recently, the legal field had been hearing overall fairly grim news in terms of compensation. The Laurence Simons Survey, conducted in 2013, came out with news that fortunately looks like a step in the right direction. This report concludes that compensation will be fair but conservative for a while, and that this will become the new normal.
Although compensation is increasing, it still is not at the rate professionals hope, and it is not what it used to be. However, it should give legal professionals increased enthusiasm that it is moving in a positive direction.
Companies who are looking for in-house lawyers are looking for those who think outside the box, and take on duties outside of their job descriptions. Today’s business environment requires all types of professionals to push themselves to continuously learn, adapt, and prove their value.