How much do top corporate lawyers make? The answer is anything but easy. The question has many variables and supply-and-demand factors that influence the cost of legal services in a particular area or industry. To answer that question, you need to know basic information about how the market works and what different types of lawyers handle.
You’re probably wondering how much other top corporate lawyers are paid. The truth is that it varies widely based on several factors. However, I’ve broken down some of the most common answers by job level and area of practice in this article so you can better understand what goes into determining your salary.
How much do top corporate lawyers make?
Corporate lawyers can earn anywhere from $200,000 to $2 million per year, though it’s not unheard of for them to make more than $200,000 per year.
The average yearly salary of a corporate lawyer is $160,000 but they can make upwards of $500,000 or more if they are the head of their own firm or practice group.
While a top corporate lawyer is expected to make over $1 million per year, there are many factors that go into making a good wage for an attorney.
Salary figures vary dramatically from lawyer to lawyer and firm to firm, but the average salary for a corporate lawyer is roughly $300,000 per year. The range of salaries can be as little as $100,000 to as much as $1 million per year, depending on the experience and scope of work performed by the individual.
The average salary for a lawyer working at the highest level of their profession is $16.3 million, according to an analysis of more than 13 million law firm job postings by Glassdoor, an online job, and career community.
The salary data was collected from the most recent year available, between 2014 and 2015. It includes data from nearly 14,000 law firms across the U.S., representing 10 percent of all law firms in America. The average hourly wage for lawyers during this time period was $76.63 as opposed to $113 per hour as it was in 2007 — before the economic recession — when it was $100 per hour on average.
Lawyers are often considered to be one of the top-paying careers in America, but they don’t make anywhere near as much as some other careers. The median annual salary for a lawyer who works 40 hours per week is $93,000, according to Salary Expert’s 2016 salary survey.
The takeaway here is two-fold. First, top corporate lawyer salaries are a bit like the Olympic medal table. The US, UK, and China all have a lock on the top podium positions, with Germany right behind in 4th place. If you’re looking to make big money as a corporate lawyer, it may be worth rethinking your country of residence. But if you can’t move to London or New York, there’s still hope for the upwardly mobile lawyer!
Corporate lawyer salaries are far from set in stone. There are many factors that affect how much corporate lawyers make, especially the size of the company you sign with. However, the outlook for lifetime earnings is good for high-achieving lawyers, especially if they land a job with one of these companies.