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Tax attorney vs general counsel

The differences between tax attorneys and general 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 tax attorney and a general counsel. Additionally, a general counsel has an average salary of $125,248, which is higher than the $85,681 average annual salary of a tax attorney.

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

Tax attorney vs general counsel overview

Tax AttorneyGeneral Counsel
Yearly salary$85,681$125,248
Hourly rate$41.19$60.22
Growth rate10%10%
Number of jobs33,76050,275
Job satisfaction--
Most common degreeDoctoral Degree, 42%Bachelor's Degree, 45%
Average age4646
Years of experience44

What does a tax attorney do?

A tax attorney specializes in assisting clients in understanding tax laws. Their responsibilities typically revolve around conducting extensive research, meeting with clients to conduct initial assessments and interviews, understanding their needs, and helping them make business decisions by providing legal taxation advice. A tax attorney may also help clients to find ways to minimize their tax deductions. Furthermore, aside from working with individuals, a tax attorney may also work for companies as part of their legal team.

What does a general counsel do?

A general counsel, also called a chief legal officer, is the chief lawyer in the legal department of an organization. The counsel represents an enterprise for any pending legal matters. They work proactively to lessen possible problems associated with legalities and potential risks. They have to monitor practices and the people within the law firm for misconduct. They also perform dominant roles in regulation, ethics, public affairs, and legislation. It is common for them to serve as the public spokesperson of the company during the publicity of legal matters.

Tax attorney vs general counsel salary

Tax attorneys and general counsels have different pay scales, as shown below.

Tax AttorneyGeneral Counsel
Average salary$85,681$125,248
Salary rangeBetween $50,000 And $146,000Between $75,000 And $208,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyAkin Gump Strauss Hauer & FeldMartin's Point Health Care
Best paying industry-Finance

Differences between tax attorney and general counsel education

There are a few differences between a tax attorney and a general counsel in terms of educational background:

Tax AttorneyGeneral Counsel
Most common degreeDoctoral Degree, 42%Bachelor's Degree, 45%
Most common majorLawLaw
Most common collegeUniversity of Southern CaliforniaStanford University

Tax attorney vs general counsel demographics

Here are the differences between tax attorneys' and general counsels' demographics:

Tax AttorneyGeneral Counsel
Average age4646
Gender ratioMale, 62.7% Female, 37.3%Male, 61.5% Female, 38.5%
Race ratioBlack or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.5% American Indian and Alaska Native, 0.3%Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.6% American Indian and Alaska Native, 0.3%
LGBT Percentage10%10%

Differences between tax attorney and general counsel duties and responsibilities

Tax attorney example responsibilities.

  • Manage the death administration department with approximately thirty-five plus estates through trust administration, Medicaid estate recovery or probate.
  • Review IRS propose regulations, advisory letters and technical advice memorandums for tax litigation.
  • Probate practice - estates and protect individuals.
  • Participate in legal document review and compliance for large complex civil litigation matters.
  • Represent individual and institutional clients in all aspects of commercial and residential real estate acquisition, financing and leasing and foreclosure.
  • Handle all aspects of discovery including preparing interrogatories, document requests, taking and defending depositions and responding to discovery requests.

General counsel example responsibilities.

  • Assist in liaising with insurance authorities, responding to regulatory inquiries and managing relationship with region from legal and business perspective.
  • Review subpoenas and attorney letters for compliance with HIPAA and institutional guidelines and coordinate non-party depositions as needed.
  • Prepare dozens of complex commercial transactions in connection to equity and debt securities offerings.
  • Handle regulatory, compliance, licensing, and registration matters for securities broker- dealer and register investment adviser.
  • Supervise commercial litigation, arbitration and claims, including case strategy, pleadings preparation, hearings, depositions and settlement negotiations.
  • Supervise and train unit charge with securing patient medical records, ensuring compliance with Medicare and HIPAA regulations and accreditation standards.
  • Show more

Tax attorney vs general counsel skills

Common tax attorney skills
  • Litigation, 13%
  • Law Firm, 12%
  • Real Estate, 8%
  • Taxation, 5%
  • International Tax, 4%
  • IRS, 4%
Common general counsel skills
  • Litigation, 12%
  • Legal Issues, 8%
  • Legal Advice, 8%
  • Intellectual Property, 5%
  • Risk Management, 4%
  • Ethics, 4%