Lawyer salary

Cisco reveals $13 million compensation package for top lawyer Stahlkopf

Cisco Systems Inc. revealed Wednesday that its chief legal officer Deborah “Dev” Stahlkopf earned nearly $13.3 million in total compensation in fiscal 2022.

Stahlkopf received a salary of $675,000, nearly $876,700 in non-stock incentive plan compensation, a cash bonus of $2.2 million and approximately $9.5 million in stock that will vest primarily over four years, Cisco said in its annual proxy statement. Next week, his base salary will increase to $715,000.

The bonus and a portion of the stock were for salary and benefits that Stahlkopf lost when she left Microsoft Corp. last year, the company said. Cisco can recoup the bonus if Stahlkopf leaves or is terminated within two years of her start date.

Stahlkopf replaced Mark Chandler, who retired after serving as Cisco’s general counsel since 2001. A former partner at Cooley and Perkins Coie, Stahlkopf has built her team since joining Cisco.

Michael Hemes, a former technology transactions and privacy partner at Perkins Coie, joined the company’s information technology subsidiary, Cisco Meraki, as senior legal counsel in August.

Earlier this year, Cisco hired former Morgan, Lewis & Bockius partner Eric Hwang as global head of mergers and acquisitions and legal investments.

Sarita Venkat, formerly head of global intellectual property transactions at Apple Inc., joined Cisco in May. Venkat, founder and co-host of the “Heels of Justice” podcast, which highlights stories of women in the legal profession, is now associate general counsel for global litigation at Cisco.

Cisco also hired Jeremy Erickson, former executive compensation and benefits partner of Pillsbury Winthrop Shaw Pittman, as a senior director in March.

Microsoft role

Stahlkopf spent more than 14 years in-house at Microsoft, where she served as general counsel and corporate secretary for the Redmond, Washington-based company. She helped advance diversity efforts that involved Microsoft’s external counsel.

Microsoft, which restructured its internal legal team last year, had promoted Stahlkopf to general counsel in 2018. The position reported to Bradford Smith, a former Covington & Burling partner turned general counsel at Microsoft whom the company raised last year as vice-president.

Chandler, Stahlkopf’s predecessor at Cisco and a seasoned tech industry lawyer, received nearly $5.8 million in total compensation during his final year with the San Jose, Calif.-based company in 2021. .

This month, Chandler joined the board of directors of Paladin PBC, a New York-based pro bono legal technology firm.

He also remains a Fellow of Stanford Law School’s Deborah L. Rhode Center for the Legal Profession and now co-directs his alma mater’s Filing Fairness Project, an access to justice initiative designed to serve pro bono clients and pro litigants. se.