How much do the top 1% of lawyers make?

Introduction:

One of the most common questions I get asked (and this has been with me since college) is how much do the top 1% of lawyers make, and how long does it take to be a lawyer? I’d like to share my story which gave me some insights into my future.

If you’re in a profession where you work with other people, chances are that you’ve wondered “how much does the top 1% of lawyers make?” The truth is, it’s always interesting to find out how much other people in my field make. For example, if I want to know what the average salary for dentists is, I can Google “Average salary for a dentist.” But the investigation into the top 1% of lawyers doesn’t come as such a surprise.

How much do the top 1% of lawyers make?

The top 1% of lawyers make $944,000 a year, according to data from the American Bar Association. The median salary for all lawyers was $168,000 in 2016.

The average law firm has about 2.5 partners and 14 associates, according to NALP’s most recent survey data. The average associate makes about $56,000 a year.

Lawyers who specialize in corporate law make about twice as much as those who focus on criminal defense or family law — but not quite as much as those who focus on intellectual property or healthcare law.

The average salary of a lawyer in the United States is $132,860. This includes salaries for all practicing lawyers, regardless of their specialty area. The top 1% of all lawyers make more than $1.2 million annually.

The top 1% of lawyers are those who have been named Super Lawyers by Lawyer Magazine and have attained a rating of at least 40 out of a possible 40 points. They are considered to be top-of-the-line experts in their fields and are often hired by other top law firms as well as corporations.

The average salary for a lawyer who has been named to the list is $1.3 million per year, but some make much more than this amount due to their level of experience and specialties within the industry.

Some specialties within the legal industry include commercial litigation, bankruptcy law, and personal injury or product liability cases. Those who work with these types of cases may be able to make more than those who work on other types of cases such as intellectual property or criminal defense cases.

The top 1 percent of lawyers make $1.15 million or more, according to a new survey from the National Association of Legal Career Professionals.

The median salary for all lawyers is $78,000 annually. Those in public service make less — $55,000 — and those in the legal industry earn more, at $103,000.

The survey was conducted by the NALCP and came out on Monday. It polled nearly 5,000 lawyers about their salaries and career paths.

Conclusion:

The percentage of each region on the list may seem small, but considering there are over two million practicing lawyers in this country, they add up quickly to a lot of lawyers being paid in the top percentile. I hope that you have enjoyed this guide and perhaps learned a thing or two about judicial salary by examining regional trends. Best of luck in all of your legal endeavors!

In other words, if you want to make six-figures as a lawyer, you’ll have to either become an MD/JD or work for a top-tier law firm. And even in that case, you won’t get much more than six figures unless you work really hard for it. The wage gap between the top high earners and everyone else still exists, but the good news is that it’s not as extreme as it used to be—and if you’re willing to put in the necessary hours, there are plenty of ways to increase your earnings.