How much do lawyers make?

Introduction

How much do lawyers make? It’s not just one number. There are a number of factors that go into one’s salary when looking for a job. Whether you’re looking for a higher salary, or have gotten into this profession by happenstance and have no idea what it will do to your bank account, the salary is an important factor to consider.

Do you want some answers? How much do lawyers make? Well, that’s a good place to start. The majority of top-tier lawyers in the United States receive high annual salaries. This can differ based on region, education, and law firm size. The average salary is somewhere between $150K-$200K per year. That’s not too shabby considering you have no debt and your employer takes care of everything else!

Salary and job outlook

There is no typical lawyer salary. A lawyer’s salary depends on many factors, including the type of law they practice, their education and training, where they work and whether they are employed by a large firm or solo practice.

If you want to get a sense of how much lawyers make in your area, use our salary calculator.

Some employers pay for lawyers to attend continuing legal education courses that are designed to enhance their skills and knowledge in areas such as ethics, intellectual property and other areas relevant to their practice.

How much do lawyers make?

The average lawyer salary in America is $166,000, according to the Law.com Salary Survey. While this may seem like a lot of money, it’s actually less than what most lawyers made in 2016. The average salary for new attorneys was $160,000 last year.

The median salary for U.S. attorneys was $130,000 in 2015 and 2016. The lowest-paid 10 percent earned $56,000 or less, while the highest-paid 10 percent made more than $200,000 per year.*

Salaries vary greatly depending on location and specialty area within a given state or region. For example, private practice attorneys who work with corporations tend to make more than those who focus on consumer issues or civil litigation.*

There is no typical lawyer salary. A lawyer’s salary depends on many factors, including the type of law they practice, their education and training, where they work and whether they are employed by a large firm or solo practice.

The best-paying cities for lawyers

The best-paying cities for lawyers are largely in the South, where the cost of living is higher and an entry-level attorney can earn a substantial income.

The best-paying cities for lawyers are:

1. New York, NY (tie)

2. San Francisco, CA

3. Washington, DC

4. Boston, MA

5. Seattle, WA

Factors affecting lawyer salary

Factors affecting lawyer salary include:

1. The type of law firm you work for.

2. How many years you have been practicing law.

3. Your experience and education level, including whether or not you attended law school at a top-ranked school or went to an unranked law school and worked your way up the ranks in your firm.

4. The geographical location where you live and work, as well as how big your firm is, which affects its overhead costs and thus the amount of money it can pay its lawyers (including bonuses).

There are a number of factors that affect your lawyer salary, including the type of law you practice and the size of your firm.

The following list shows some of the most important factors:

Location. The cost of living in different parts of the country varies considerably, so it’s important to consider these factors when setting your salary expectations.

Years of experience. The more years you’ve worked as a lawyer, the more money you’ll make on average.

Industry specialization. If you’re a generalist who works in several different areas of law, such as real estate law or environmental regulation, you’ll make less money than someone who specializes in one area like criminal defense or bankruptcy litigation.

The average salary for a lawyer is $142,000. This is based on a study of the most recent statistics released by the National Association for Law Placement (NALP).

Salaries vary by location, experience and type of practice. Most lawyers work in private practice. The NALP reported that about three-quarters of all lawyers (74%) worked for firms, and another 20% worked for corporations or government agencies.

The average salary for an associate level lawyer was $114,500, while the average salary for a partner level lawyer was $159,000.

Law school debt

A law degree can be expensive. The average cost of a first year at law school is $68,000, according to the National Association for Law Placement.

That means many people who graduate with a law degree are saddled with debt. According to a study by NALP, the average indebtedness upon graduation was $104,000.

The average 2012 class graduated with an average debt load of $117,000.

According to NALP’s 2013 Employment Outlook Survey, the median starting salary for graduates who graduated in 2011 was $72,000. That’s not much more than $50,000 after taxes and living expenses are factored in — though most graduates did not make that much money right away.

Law schools do not offer loans to students who choose to attend, so you’ll need to have savings or a parent who can pay for your tuition and living expenses.

Conclusion

Lawyers can make a lot of money. The average salary of a lawyer is $119,430 per year, according to the Associated Press. Some lawyers can make six figures or more by the end of their first year.In this study, our data scientists analyzed almost 350,000 lawyer profiles from across the US to better understand their current market value.

The attorney market is currently booming. There has been an 11 percent increase in available jobs for attorneys since 2014, which means that there are plenty of jobs to go around. The current demand for attorneys presents a ripe opportunity for job-seekers to jump into this line of work. For those who may be skeptical about just how well-off attorneys really are, it’s important to note that their salary can vary widely based on their practice area, level of experience and location.