General Counsel salary in Iceland

Average Yearly Salary of General Counsel in Iceland is approximately 32,731,627 ISK (228,742 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does General Counsel do?

The occupation of a General Counsel involves providing legal advice and guidance to an organization or company. They are responsible for ensuring that all business activities comply with applicable laws and regulations, managing legal risks, and representing the company in legal matters. General Counsels often oversee the drafting and negotiation of contracts, handle disputes and litigation, and advise on employment issues. They work closely with senior management and other departments to develop and implement legal strategies that align with the company's goals and objectives. General Counsels also stay updated on changes in laws and regulations that may impact the organization and provide proactive advice to mitigate legal risks.

Skills: General Counsel, Legal Advisor, Compliance, Risk Management, Contract Negotiation, Litigation Management
Job industry: Legal

How much does General Counsel make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is General Counsel a well paid job?

Yes, our data show that General Counsel is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for General Counsel?

High salary for General Counsel would be somewhere between 36,004,790 ISK and 47,460,859 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as General Counsel in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 32,731,627 ISK
Estimated Monthly Salary: 2,727,636 ISK
Estimated Weekly Salary: 629,454 ISK per week
Estimated Hourly Salary: 15,736 ISK per hour
By working as General Counsel a person can save up to 16,333 USD per month or 195,996 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for General Counsel

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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