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Corporate attorney vs legal counsel

The differences between corporate attorneys and legal counsels can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a corporate attorney and a legal counsel. Additionally, a legal counsel has an average salary of $132,867, which is higher than the $115,653 average annual salary of a corporate attorney.

The top three skills for a corporate attorney include law firm, litigation and real estate. The most important skills for a legal counsel are legal advice, legal issues, and litigation.

Corporate attorney vs legal counsel overview

Corporate AttorneyLegal Counsel
Yearly salary$115,653$132,867
Hourly rate$55.60$63.88
Growth rate10%10%
Number of jobs20,89310,337
Job satisfaction--
Most common degreeDoctoral Degree, 48%Bachelor's Degree, 43%
Average age4646
Years of experience44

What does a corporate attorney do?

A corporate attorney is a corporate lawyer who acts as an agent representing a corporation's legal matters. Corporate attorneys represent the business transactions and operations and help their clients prevent expensive litigation. They advise business enterprises on their legal obligations, responsibilities, and rights. It is part of their job to recommend clients on business structures and provide an evaluation of their ventures. The lawyers are expected to develop strong communication skills, negotiation skills, attention to detail, and analytical skills.

What does a legal counsel do?

A Legal Counsel supervises the legal aspects of a business. They give accurate and timely counsel to executives on a variety of legal topics, such as labor law, partnerships, or international ventures.

Corporate attorney vs legal counsel salary

Corporate attorneys and legal counsels have different pay scales, as shown below.

Corporate AttorneyLegal Counsel
Average salary$115,653$132,867
Salary rangeBetween $67,000 And $198,000Between $81,000 And $216,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companySheppard Mullin Richter & HamptonApple
Best paying industryProfessionalTechnology

Differences between corporate attorney and legal counsel education

There are a few differences between a corporate attorney and a legal counsel in terms of educational background:

Corporate AttorneyLegal Counsel
Most common degreeDoctoral Degree, 48%Bachelor's Degree, 43%
Most common majorLawLaw
Most common collegeStanford UniversityStanford University

Corporate attorney vs legal counsel demographics

Here are the differences between corporate attorneys' and legal counsels' demographics:

Corporate AttorneyLegal Counsel
Average age4646
Gender ratioMale, 57.9% Female, 42.1%Male, 54.2% Female, 45.8%
Race ratioBlack or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.9% American Indian and Alaska Native, 0.3%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.3% American Indian and Alaska Native, 0.3%
LGBT Percentage10%10%

Differences between corporate attorney and legal counsel duties and responsibilities

Corporate attorney example responsibilities.

  • Manage day-to-day legal affairs of NYSE list airline.
  • Create and manage corporate policies and procedures regarding compliance with legal, ethics, and general employment laws and regulations.
  • Assist in liaising with insurance authorities, responding to regulatory inquiries and managing relationship with region from legal and business perspective.
  • Monitor and audit the performance and effectiveness of the ethics and compliance program, taking appropriate steps to improve its effectiveness.
  • Draft LLC operating agreements, corporate governing documents, stock and asset purchase agreements, and redemption agreements.
  • Contribute to company website by writing articles on current issues in taxation and tax issues for common life situations.
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Legal counsel example responsibilities.

  • Achieve statewide recognition as expert on Medicare and Medicaid.
  • Manage high-risk employee terminations from initial decision through preparation for appeals hearings and any subsequent legal action.
  • Assist in liaising with insurance authorities, responding to regulatory inquiries and managing relationship with region from legal and business perspective.
  • Conduct anti-money laundering (AML) and know your customer (KYC) due diligence on a daily basis.
  • Ensure compliance with federal securities laws, NYSE rules, and Sarbanes-Oxley requirements.
  • Draft position statements for EEO and other regulatory claims.
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Corporate attorney vs legal counsel skills

Common corporate attorney skills
  • Law Firm, 14%
  • Litigation, 10%
  • Real Estate, 6%
  • Mergers, 5%
  • Legal Issues, 5%
  • Securities, 4%
Common legal counsel skills
  • Legal Advice, 11%
  • Legal Issues, 9%
  • Litigation, 8%
  • Legal Support, 7%
  • Intellectual Property, 5%
  • Legal Risks, 4%