The Association of Corporate Counsel and Empsight, in the 2025 Law Department Compensation Survey executive summary, data effective 1 March 2025, surveyed 1,632 in-house legal professionals. Seventy-seven percent reported law firm experience before the in-house move. An Attorney with that background earns a median base 16 percent higher and total cash 18 percent higher than an Attorney without it. The firm is where most of this shortlist still sits. The offer has to explain why the move is rational.
Milbank's associate memorandum of 2 June 2026, effective 1 July 2026, sets a first-year base of $235,000, a fourth-year base of $320,000, a fifth-year base of $385,000, and an eighth-year base of $455,000. Against that, the same ACC summary reports median total cash of $160,000 for Attorney, $228,000 for Senior Attorney, $294,000 for Associate General Counsel, and $410,000 for General Counsel / Chief Legal Officer. Sixty-three percent of those GC and CLO respondents were eligible for a long-term incentive. Median total target direct compensation at that rung was $503,000. Those are title medians across practices. They are not a chief IP counsel band.
On the specialty chart in that executive summary, Litigation – IP/patent sits sixth, after securities, antitrust, bankruptcy/creditor, pension/ERISA and government relations. IP/patent and licensing/royalty appear further down the same chart. The summary does not print a dollar for either row. A requisition that says "pay the IP premium" without a number is not a compensation decision. Use the title median as the floor you can defend, then decide what equity has to do because cash will not clear an eighth-year base. Full contrast: patent attorney salary 2026. The private-practice side of a lateral, when the company is not the buyer, is associate and attorney recruiting.