If you’re thinking about going to law school you’ll need to pick a field of law. Click here to learn which fields have the highest paid lawyers of them all.
The average lawyer must go through seven years of additional education, grueling hours of studying, and dog-eat-dog internships before ever stepping foot in a courtroom. So why would anyone put themselves through so much? It could be due to the fact that some of the highest paid lawyers make over $200,000 per year.
If you’re interested in becoming a lawyer but aren’t sure which field is right for you, read on for more information. We’ll be discussing the top-earning lawyer salaries and how to get started today.
What You Should Learn from the Highest Paid Lawyers
It’s important to understand that simply choosing a section of law in itself is not enough to guarantee success and great pay. You’ll need to invest countless hours in honing in on your craft and learning how to attract the highest grade of clientele.
You’ll also want to take the necessary steps to earn a spot at some of the most successful law firms giving you the potential to grow in the status and income.
Being able to tap into niche markets is another great way to earn a strong income while working as a lawyer. If you’re really intrigued by the subject you can always read more here about what’s behind the salary of different lawyer genres.
Corporate Lawyer Salary
If you’re interested in the inner functioning and legalities around company transactions, corporate law may be the fit for you. If you’re not interested in corporate law, then you may be interested in the fantastic paycheck that comes with it.
The primary purpose of a corporate lawyer is being sure that any company transactions are within legal regulations. You’ll also need to ensure that the company is within its own best financial interests.
The highest-paid attorneys are those that are able to work as advisors. They are also able to provide any necessary evidence for legal proceedings.
Some corporate lawyers are hired for the process of creating contracts. While others are in charge of helping during mergers and partnerships.
If any of this sounds intriguing to you, then we hope you’re comfortable with the salary that falls between $30,000 to $100,000 a year. This income will depend directly on the location of where you work. The current financial condition of the employer that you’re working for will also play a role.
These days it seems like a new invention or idea is coming out on a constant basis. Which is why so many individuals are looking to patent attorneys to help them protect their ideas. These lawyers ensure the possibility a profiting off of them in the future.
This is why patent lawyers receive hefty paychecks for protecting the ideas and creations of others. Some of these products go on to become multibillion-dollar industries. Which is why it’s important that a patent attorney knows what does and does not work.
As a patent attorney, your primary focus is determining whether or not an invention or idea is eligible for being patented.
If you’re choosing to become a patent lawyer, you’ll be looking at a median pay of $129,500 per year.
In order to be a successful criminal lawyer, you’ll have to build a reputation for winning. This is one area where the ability to successfully argue in front of a court or prevent the case from even reaching court is incredibly valuable.
Some criminal lawyers are paid a solid amount for simply negotiating plea deals within less serious cases.
The most successful criminal lawyers have the ability to provide remarkable oral advocacy. They are also able to organize evidence and concepts in front of a jury.
The median salary for such a lawyer typically ranges around $51,810 per year. However, those that are associated with larger criminal practices can make up to $115,000 per year.
If there’s one thing worth spending significant amounts of money on, it’s the attempt to not be audited. Companies facing large legal issues or simply looking to avoid any trouble are willing to spend top dollar on a tax lawyer that knows how to protect them.
As a tax attorney, your primary function would be reviewing the day-to-day tax movements within a company and organizing any necessary paperwork. You also need to stay ahead of any developing tax laws and ensuring that the company is within federal, state, and local tax laws.
The compensation for this skill-set will typically result in about $99,000 per year.
Real Estate Lawyers
Real estate continues to be one of the most consistent forms of investment, which is why many estate holders are willing to pay top notch for a lawyer that can help them protect their property and their investment.
Real estate lawyers are in charge of helping individuals draft out rental contracts, clear any zoning laws, and settle any financial disputes over land ownership.
A strong real estate lawyer can expect to earn roughly $90,000 annually.
Finding the Right Job for Your Needs
If even the highest paid lawyers salary doesn’t sound appealing to you, you can always look into other ways of earning a living within your specific set of passions.
We recommend checking out our various blogs on art, fashion, and home living that can help you learn more about these exciting Industries and what you can expect from a potential career in one of them.
You’ll find that each occupation comes with its own share of ups and downs, however, as long as you’re working within an industry that you love you’re bound for success.