Key Points
Large companies and conglomerates are willing to pay 2-4 crore to an in-house legal head, which in some cases may go up to 5-6 crore for top-notch professionals in the field..
There is a huge demand for legal experts who are specialists in M&A, compliance, cyber security and digital, said executive search consultants.iStockMany of the top moves to corporates are also from top law firms, said experts...
Compensation of general counsels or chief legal officers in India has reached an all-time high, as several large and mid-sized companies across sectors are building robust in-house legal teams, driven by a rising number of disputes, increasing financial transactions and stricter compliance rules, said industry experts...
Some of the top moves of this year included Tapan Pati, who joined Godrej & Boyce Manufacturing as senior vice president and group general counsel (GC) from Johnson & Johnson; Richa Mohanty Rao, who joined Urban Co as GC from Cyril Amarchand Mangaldas; Devika Chadha, who joined Sunsure Energy as GC from AVP-legal at ReNew Power; and Sachin S, the new director-legal at PhonePe who was previously at Razorpay...
"Large Indian conglomerates, manufacturing companies, and new-age digital companies have shown considerable demand for in-house legal experts," said Karl Fernandes, partner and head of the corporate practice group at specialist search firm Vahura...
