If you’re thinking of a career that pays well, becoming a lawyer probably comes to mind. You’re right. Professionals in the legal field earn high remuneration.
A U.S. Bureau of Labor Statistics report shows that attorneys receive up to $122,960 per year. Although experience and expertise affect salaries, this figure illustrates that the occupation can be very lucrative.
For law students, aside from the income potential, you’re also likely looking forward to having credentials as an indication of your success.
With the scope of the profession so diverse, it won’t be easy choosing your path. To help you decide, here’s a list of some of the most highly paid legal positions.
Attorneys experienced in court cases are among the highest paid in the profession. So are civil litigators who specialize in high-profile and high-stakes suits. These guys fight to protect your freedom in court, states Thomas C. Grajek, Attorney At Law.
However, this doesn’t mean that all trial counsel rake in a lot of money. Many practitioners earn modest salaries. You’ll have to work up the pay scale.
Taxation advisors help individuals and businesses solve their tax issues. Their advisory is in high demand because the legislation enforced by the Internal Revenue Service is complex.
Almost everyone who earns an income will need legal advice concerning their taxes at some point in their lives. Based on reports, you can expect to earn as much as $200,000.
Intellectual Property Lawyers
These solicitors are involved in laws that protect their clients’ creative ideas, such as copyrights, patents, and trademarks. As technology progresses, more invention rights will need protection, and it offers professionals a lucrative opportunity.
Real Estate Attorneys
Another field that offers income potential of as much as $145,000 a year is property sales. Legal advisors ensure that buyers and sellers of properties get a fair deal by writing and reviewing sales agreements.
The role of employment lawyers is to maintain a balanced and fair relationship between employers and their staff. These solicitors represent either party and are very well remunerated, with some receiving at least $185,000 per annum.
A longer-term option would be to become a judge. Magistrates within the federal court system are the highest paid among their counterparts. They also enjoy extra perks, which adds to their compensation.
Members of Congress
If you want to bring change to society, perhaps a career in politics is for you. It’s also a well-paying job. Members of Congress take home about $174,000 every year. Those in higher positions, such as Speaker of the House, earn a lot more.
Law School Professor
Teaching is usually not high on the list of legal career options, but it’s worth considering. Salaries for full professors start at $105,000, according to a survey by the Society of American Law Teachers.
However, it’s very competitive and requires top qualifications and experience.
Which Job Will You Choose?
The positions mentioned above are a few of the many areas that you can focus on for your career. Please note that the income figures shown are statistical. It would be best to note that many factors play a part in determining what you can earn, including experience and specialized knowledge.
As a law student, you’ll have many years of hard work ahead of you. There’s no need to rush into a decision early on in your studies. Take time to research and find out more about the options available and see if they fit your goals.