Lawyers New - Are you considering a career in law and wondering which specialties offer the highest earning potential? As the legal industry continues to grow, so do the salaries of top highest paying attorneys.
We'll take a closer look at 12 of the highest paying lawyers in various fields of law.
From corporate law to intellectual property, find out which careers in law offer the most lucrative compensation.
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12 of the Highest-Paying Lawyers
In the following, the twelve Highest paying Salary Lawyers summarize from various sources, including:
- Corporate Lawyer
- Intellectual Property Lawyer
- Tax Lawyer
- Trial Lawyer
- Employment Lawyer
- Medical Malpractice Lawyer
- Real Estate Lawyer
- Environmental Lawyer
- Family Lawyer
- Immigration Lawyer
- Entertainment Lawyer
- Sports Lawyer
1. Corporate Lawyer
Corporate lawyers work for large corporations and advise them on legal matters related to their businesses.
This can include everything from mergers and acquisitions to employment law and contracts. According to the Bureau of Labor Statistics (BLS), the median annual salary for lawyers in this field was $132,740 as of May 2020.
2. Intellectual Property Lawyer
Intellectual property lawyers help individuals and businesses protect their intellectual property, which includes patents, trademarks, and copyrights.
With the rise of technology and innovation, the demand for skilled IP lawyers has increased. According to the BLS, the median annual salary for lawyers in this field was $148,830 as of May 2020.
3. Tax Lawyer
Tax lawyers specialize in tax law and help individuals and businesses navigate complex tax regulations. They may work for law firms, accounting firms, or government agencies.
According to the BLS, the median annual salary for lawyers in this field was $126,930 as of May 2020.
4. Trial Lawyer
Trial lawyers represent clients in court and are responsible for presenting their cases to a judge and jury. This can include everything from criminal defense to personal injury cases.
According to the BLS, the median annual salary for lawyers in this field was $126,930 as of May 2020.
5. Employment Lawyer
Employment lawyers advise employers and employees on matters related to employment law. This can include everything from discrimination to workplace safety.
According to the BLS, the median annual salary for lawyers in this field was $126,930 as of May 2020.
6. Medical Malpractice Lawyer
Medical malpractice lawyers represent clients who have been injured as a result of medical negligence. This can include everything from misdiagnosis to surgical errors.
According to PayScale, the median annual salary for medical malpractice lawyers is $109,775.
7. Real Estate Lawyer
Real estate lawyers specialize in real estate law and help clients with everything from property transactions to zoning regulations.
According to PayScale, the median annual salary for real estate lawyers is $90,522.
8. Environmental Lawyer
Environmental lawyers specialize in environmental law and help clients navigate complex regulations related to the environment.
According to PayScale, the median annual salary for environmental lawyers is $98,072.
9. Family Lawyer
Family lawyers specialize in family law and help clients with matters related to divorce, child custody, and adoption.
According to PayScale, the median annual salary for family lawyers is $70,828.
10. Immigration Lawyer
Immigration lawyers specialize in immigration law and help clients with everything from obtaining visas to citizenship.
According to PayScale, the median annual salary for immigration lawyers is $77,994.
11. Entertainment Lawyer
Entertainment lawyers work in the entertainment industry and help clients with everything from contract negotiations to intellectual property rights.
According to PayScale, the median annual salary for entertainment lawyers is $92,027.
12. Sports Lawyer
Sports lawyers work in the sports industry and help clients with everything from contract negotiations to trademark law.
According to PayScale, the median annual salary for sports lawyers is $99,707.
Conclusion
There are a variety of legal specialties that offer high salaries to top-performing lawyers. From corporate law to intellectual property, tax law to trial law, and environmental law to family law, there is a diverse range of careers in law to choose from.
Factors such as location, experience, and the size of the firm can all affect a lawyer's salary.
It's important to note that while the salaries listed in this article are high, they are not necessarily representative of what every lawyer in that specialty earns.
Salaries can vary widely depending on factors such as experience, location, and demand for that specialty. However,12 specialties are generally known to offer some of the highest paying salaries lawyers in the legal industry.
If you're considering a career in law, it's important to do your research and choose a specialty that aligns with your interests, skills, and goals.
Whether you're interested in advocating for clients in court, negotiating contracts for businesses, or protecting intellectual property, there is a legal specialty that can offer the challenge and compensation you're looking for.
FAQs Highest Paying Lawyers
- Are these salaries typical for all lawyers in these specialties?
No, salaries can vary widely depending on factors such as experience, location, and demand for that specialty.
- What factors can affect a lawyer's salary?
Location, experience, and the size of the firm can all affect a lawyer's salary.
- What should I consider when choosing a legal specialty?
It's important to choose a specialty that aligns with your interests, skills, and goals.
- What is the average salary for a lawyer?
According to the Bureau of Labor Statistics, the median annual salary for lawyers was $126,930 as of May 2020.
- Is it possible to earn a high salary as a lawyer?
Yes, many legal specialties offer high earning potential for top-performing lawyers.