Law Firm CFO Salary

Law Firm CFO Salary Guide For the US

Are you searching for detailed information about the salary structure of a Law firm CFO? Whether you are a firm considering hiring a CFO or a professional who wants to know about more career options, our guide ensures to provide you with all the valuable insight about the salary of a CFO in a law firm by its company size.

This guide is specially designed to help you understand the diverse compensation structure legal sectors hold. For a precise salary amount for law firm CFOs, go to the page of your location. Increase the value by 6.3% to get the exact figure.

Why CFO Salaries are Higher in Law Firms

Law firms mainly operate in highly specialized environments, which usually have extreme levels of financial management and oversight. 

Therefore, the salaries of CFOs in law firms are typically 6.3% higher than the average salaries in all other sectors. Our guide gives you a deep comparison between the law firm’s CFO salaries and other industries. 

Why Download the CFO Recruit Salary Guide?

Most online job boards give you a random salary figure. However, we do not use a generic figure. Instead, we source our salary data directly from experts working in the legal industry, like top executives, CEOs, and financial managers. 

How We Ensure Accuracy in CFO Law Firm Salary Data

We run one of the largest databases of law firm CFOs in the US. We collect the salary data of CFOs through our unique candidate registration portal. It helps us gather information about candidates’ current salary, their future salary expectations, and the benefits they get. 

This collection of data enables us to provide you only reliable and accurate information about CFO salaries in law firms. We update our guide annually to keep it aligned with the latest trends in the legal market.

Factors Influencing Law Firm CFO Salaries

Our guide explores all the main factors that are influencing the salaries of CFOs in law firms.

• Firm Size and Client Portfolio: The size of the firm and the range of the client portfolio have a direct impact on the salary of the CFO in a legal firm.
• Experience and Expertise: Most law sectors prefer candidates who specialize in regulatory compliance, legal finance, and risk management. Such candidates get higher pay than those with less skill set.
• Strategic Leadership Needs: Law firms require a CFO for more than just financial management. Instead, they need a CFO for growth initiatives and strategic planning. This means CFOs have more responsibilities, which leads to higher salaries.

Understanding CFO Law Firm Salaries: What You Need to Know

If you want to create a compensation package for a law firm CFO, then you must understand that the salaries may vary in all sectors. 

Our recent study shows that the average salary of a CFO in law firms is 6.3% higher than the salaries of other sectors. This shows the increasing demand for strategic financial management and an experienced level of expertise in the legal industry.

Our Salary Guide is split by company size for the following turnover classifications; $10-29M | $30-79M | $80-149M | $150-249M | $250-499M | $500-999M | $1BN-5BN. 

Calculating Competitive Law Firm CFO Salaries

For a precise salary figure for a law firm CFO, start with the average salary of CFOs in your relevant region. Once you know your region’s average rate, apply a 6.3% increment to get an amount based on the law firm sector.

For instance, if the average salary of a CFO in your region is $200,000, add 6.3% to it. You will get a $212,600 result, which is the average rate for law firm CFOs. Make sure to always make this little adjustment in your salary package before making compensation to align with the legal market values based on your location. 

Moreover, if you offer a salary based on law firm standards, then you have more chances to attract top industry talents. 

In Our CFO Law Firm Salary Guide, You’ll Find…

• The average CFO salary for law firms
• Salary ranges by law firm size
• Law firm CFO salaries for small practices
• Law firm CFO salaries for large and international firms

Download the Chief Financial Officer Salary Law Firm Guide today.