how to make money as a lawyer in nigeria

A Nigerian lawyer can earn as must as N1,000,000 by just signing a contract or representing a company in a court case. More so, it is not false that some lawyers earn as low as N15,000 per month, but those are the type of lawyers that don’t really want to make money out of the legal profession.

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How to make money in Nigeria?

Apr 26, 2017 · Currently, the average salary of a qualified lawyer is NRN 50, 000, which is little as compared to what professionals like doctors and pilots earn. If you are fresh from university, most law firms will offer you something between NRN 15,000-NR N 25, 000, and when you stay in the industry for at least 3 years, your salary will shoot to at least NRN 50,000.

Who is the most expensive lawyer in Nigeria?

Apr 03, 2022 · In general, the average salary of a lawyer in Nigeria who works for a law firm or a company is N50,000 monthly. However, it is imperative to know that the actual salary of a lawyer in Nigeria is limitless. A Nigerian lawyer can earn as must as N1,000,000 by just signing a contract or representing a company in a court case.

Who is the best lawyer in Nigeria for ADR?

Jan 25, 2019 · To become a lawyer in Nigeria is not easy. It is a long ride from the Nursery/primary school all the way through to the Nigerian Law School before one qualifies to practise law and make big money like our Senior Advocates of Nigeria.

What is the best business to start in Nigeria?

Rule 48 of the Rules of professional Conduct for Legal Practitioners, 2007 provides that a lawyer is entitled to be paid adequate remuneration for his services to the client; however, he shall not enter into an agreement for, charge or collect an illegal or clearly excessive fee.

How much does a lawyer earns in Nigeria?

In general, the average salary of a lawyer in Nigeria who works for a law firm or a company is N50,000 monthly.

Which field of law pays the most in Nigeria?

Below are Nigeria's highest paying law firms in 2019/2020:Banwo & Igbodalo – N100,000 per month.Templars – N100,000 per month.Aluko & Oyebode – N100,000 per month.Ajumogobia & Okeke – N90,000 per month.Olaniwun Ajayi LP – N90,000 per month.Udo Udoma & Bello Osagie – N80,000 per month.More items...•Dec 18, 2019

Are lawyers rich in Nigeria?

Below are the richest lawyers in Nigeria and their net worth: Adewale Tinubu – $700 million. Afe Babalola, CON, OFR, SAN – $350 million. Abubarka Malami SAN – $500 million.

How much does a new lawyer earn in Nigeria?

Salary Range For Working As An Lawyer In Nigeria Attorneys who have a two-year experience or less (entry-level) usually make 75,000 - 90,000 NGN monthly. While someone else with a three to five-year (mid-level) legal skill is expected to earn at least 150,000 NGN per month.Jul 23, 2020

What is the most profitable law to practice?

What are the most lucrative law practice areas?Law Practice Area 1: Tax Attorneys. ... Law Practice Area 2: Intellectual Property Lawyers. ... Law Practice Area 3: Law School Professor. ... Law Practice Area 4: Law School Deans. ... Law Practice Area 5: Judges. ... Law Practice Area 6: Law Firm Administrator.

Which part of law makes the most money?

Types Of Lawyers That Make The Most MoneyMedical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ... Intellectual Property Attorneys – Average $128,913. ... Trial Attorneys – Average $97,158. ... Tax Attorneys – Average $101,204. ... Corporate Lawyers – $116,361.Dec 18, 2020

What type of lawyer is the highest paid?

Medical Attorneys Medical lawyers are among the highest-paid types of lawyers and earn one of the highest median salaries in the legal field.

Who is top lawyer in Nigeria?

Best Lawyers in NigeriaWole Olanipekun, SAN.Gbenga Oyebode.Aare Afe Babalola, SAN.Funke Adekoya.Adedolapo Akinrele.Muhammad Dele Belgore SAN.Adewale Atake, SAN.Chief Joe Kyari Gadzama SAN.More items...

What are lawyers called in Nigeria?

barristers and solicitorsThere is one general category of lawyer in Nigeria. All lawyers are admitted to the bar as barristers and solicitors of the Supreme Court without any distinction as to their roles or functions.Jul 1, 2021

Do lawyers go for NYSC?

NYSC is COMPULSORY, A MANDATORY One-year Programme For Graduates Of Tertiary Institutions in Nigeria. This means that Law students do go for NYSC after attending Law School.

How many years does it take to study law in Nigeria?

In all, becoming a lawyer in Nigeria takes 7 years. First 5 years will be spent in any accredited law faculty in Nigeria, then the remaining two years is for the Nigerian law school and NYSC (Youth service) respectively.

Who is a barrister at law?

A barrister is a type of lawyer in common law jurisdictions. Barristers mostly specialise in courtroom advocacy and litigation. Their tasks include taking cases in superior courts and tribunals, drafting legal pleadings, researching the philosophy, hypothesis and history of law, and giving expert legal opinions.

What are the courses required to become a lawyer in Nigeria?

Law students take compulsory courses such as Nigerian Legal Method, Nigerian Legal System, Law of Contract, Constitutional Law, Criminal Law, Law of Tort, Commercial Law, Law of Evidence, Company Law, Land Law, Law of Equity and Trust and Jurisprudence. Other courses which are electives are Labour Law, Law and Medicine, Intellectual Property Law, Tax Law etc. A law student must obtain at least a pass grade in each course to obtain a LLB degree. Faculties of law in most Universities offer basically the theoretical aspects of law although there are usually Moot and Mock Committees organized by students to intimate themselves a little about the practice of law. The main vocational training for prospective lawyers is given at the Nigerian Law School.

How much do senior advocates of Nigeria pay?

For instance, Senior Advocates of Nigeria are required to pay #50 000; legal practitioners of at least fifteen years pay #25 000; legal practitioners of five years or more standing but less than ten years post call pay #10 000 while those of less than five years pay #5 000.

How many years does a junior secondary school student spend in school?

At the Secondary School level, students spend six years. Three years at the Junior Secondary School and three at the Senior Secondary School. Most subjects taken at the Junior Secondary School are the same as those taken at the primary school, just advanced and wider in scope.

How do I become a lawyer in Nigeria?

The process to become a lawyer starts with an admission into a first degree in Law in accredited universities. This accreditation is usually done by the Council of Legal Education in Nigeria.

What makes a good lawyer?

An important quality of a good legal practitioner is the ability to write and communicate efficiently; the legal profession involves a lot of writing and documents drafting, thus a legal practitioner must be able to write succinctly. Lawyers are learned people and this assertion stems from their ability to read extensively.

Is patience a virtue?

Patience is not only a virtue that is necessary for the legal profession, it is necessary for life too. If you want to get rich quickly, the legal profession may not be for you.

Is the legal profession a noble profession?

It has already been said that the legal profession is a noble one, therefore it demands utmost loyalty, honesty and integr ity form its practitioners, a lawyers should not only be an honest man, he must be someone who can be trusted.

Is LL.B the end of legal studies?

The award of an LL.B is not the end of the legal studies journey. The Nigerian Law School must be attended by Law graduates who want to be called to the Nigerian bar and practice Law in Nigeria.

Is mentoring important in the legal profession?

Over the years, it has proven that mentorship in the legal profession is important. Recently, the Council of Legal Education in Nigeria proposed to introduce compulsory pupilage for graduates of the Nigerian Law School who have just been called to the bar.

What does it mean to be a lawyer in Nigeria?

In Nigeria, succeeding in the legal profession as a young lawyer may mean handling and winning big money cases and being at least, a senior partner in a reputable law firm or the principal partner of one’s own firm. It could also mean having the coveted title of the Senior Advocate of Nigeria to one’s name at a relatively young age.

What is a good law degree in Nigeria?

A good degree here means either a first class or a second class upper. Either of these will, in most cases, afford a young lawyer the opportunity to work in an established and reputable law firm in Nigeria since a second class upper degree is usually the minimum requirement for most job entries.

What do young lawyers need to know?

Finally, young lawyers must be very patient, tactful and must persevere in their quest for success. Sometimes they may have to take pro-bono cases and offer free legal advices in the first few years of private practice. Young lawyers must be able to endure the rigours of the legal profession. They must not lose their passion by getting disappointed and discouraged. Every budding lawyer should always remember that when passion, patience and skill work together, a masterpiece is inevitable; success is inevitable!

What should a young lawyer do?

Secondly, having secured employment in a reputable firm, a young lawyer should strive to develop himself in every way possible. It would be ill-advised to pursue wealth inordinately at this stage. A lawyer must garner requisite knowledge and skills that will give him an edge in practice.

What is the starting point of every achievement?

First off, we have to note that the starting point of every achievement is desire . There has to be a desire – a burning passion – to be a legal practitioner. Such desire must be evident in the way one responds to happenings around one.

Why should a young lawyer make a name first?

According to Mallam Yunus Ustaz Usman (SAN), “As a young lawyer, make a name first before seeking money because when you make the name, the money would come.”. Therefore, a young lawyer who has acquired the requisite knowledge and skills must understand that customer service is key.

Who said hard work and self development are the keys to success as a young lawyer?

A Court of Appeal Judge, Justice Chinwe Iyizoba once stressed that hard work and self-development are the keys to succeeding as a young lawyer. She retorted that: “The fact is that in all professions, if you are good, you will be noticed and you will go places. However, you can’t get there without passing through pupilage and building yourself up by working hard to excel.”

What is a law firm?

A law firm is defined as a business, set up by a lawyer or group of lawyers for law practice to advise clients of their rights and responsibilities, and to represent them in court cases. The firm could specialize in unique areas in law such as Litigation, Corporate, Banking and Finance, Criminal, Shipping and Maritime, Arbitration and Taxation, or carry out all these services with different expert lawyers in the firm.

What is Olaniwun Ajayi LP?

Olaniwun Ajayi LP is a legal firm widely known in Nigeria and globally. This firm makes the list of top law firms in Nigeria because of its distinguished performance over the years.

What is Abdulai Taiwo?

Abdulai Taiwo & Co is the last firm in this catalog of top law firms in Nigeria that we are bringing to you. The firm started in 1976, as a full service commercial and Intellectual Property law firm. Over the years, it had built a reputation for excellence.

When did Udo Udoma start?

Udo Udoma & Bello Osagie started in 1983 as Udo Udoma & Co., and it focused on the oil and gas sector. The firm later became a full-service firm that serves Corporate Businesses in Nigeria and Africa in the practice areas it now specializes in.

When did Elias and Co. start?

Elias & Co. began in 1994 with a focus on becoming the leader in the business law sector. It focuses on Corporate, Financial, Tax, Disputes, Energy projects and Commercial Law work, New Economy, and more.

What is a lawyer in Nigeria?

Generally, a lawyer is someone who practices law, they are also called advocates or legal practitioners. They can also be called barristers or solicitors, in Nigeria the legal profession is fused in that lawyers in Nigeria are both barristers and solicitors of the supreme court of Nigeria. Read Also: 10 Tips to Succeed as a Young Lawyer In Nigeria.

What is the duty of a lawyer?

Most of the times, a lawyer’s duty is to his client beyond the general duty to uphold and observe the rule of law and to promote and foster the course of justice. According to the Rule 14 of the Rules of Professional Conduct for Legal Practitioners, It is the duty of the lawyer to devote his attention, energy and expertise to the service ...

What is the rule of professional conduct for lawyers?

Rule 48 (1) of the Rules of Professional Conduct for Legal Practitioners provides that a lawyer is entitled to be paid adequate remuneration for his services. The rule does not state how much remuneration is adequate for the services of a lawyer but it prohibits the charging of excessive fees by lawyers.

What is section 22(1)(d) of the Legal Practitioners Act 1975?

For instance section 22 (1) (d) of the Legal Practitioners Act, 1975 provides that; “Subject to the provisions of this section, if any person other than a legal practitioner prepares for or in expectation of reward any instrument relating to the grant ...

What is the difference between a lawyer and a barrister?

A solicitor does much of office work and documents preparation and are usually not involved in litigation, a barrister on the other hand is more involved in litigation, wears wig and gown and represents clients in law courts. In Nigeria a lawyer can do all of these. According to Section 24 of Nigeria’s Legal Practitioners Act, ...

Do lawyers charge fees for consultation?

Some lawyers may also charge consultation fee when necessary. The Rules of Professional Conduct for Legal Practitioners also makes provision for retainer. A reatiner occurs where a lawyer is paid to handle all or a special litigation by a particular client. It is general when it covers the client’s work generally and special when it covers ...

Can a lawyer practice in Nigeria?

In Nigeria a lawyer can do all of these. According to Section 24 of Nigeria’s Legal Practitioners Act, a “Legal Practitioner” is described as “a person entitled in accordance with the Legal Practitioners Act to practice as a barrister and solicitor either generally or for the purpose of any particular office or in essence, ...

Who is the richest lawyer in Nigeria?

Femi Falana, SAN is one of the best lawyers in Nigeria. In fact, he is among the richest lawyers in Nigeria today. Femi Falana is a good human right lawyer/activist. His wife, Mrs. Funmi Falana, is a lawyer and his son, Falz (One of the best Nigerian singers) is also a lawyer. Accordingly to research, Femi Falana has been in the game ...

Who is Gbenga Oyebode?

According to Chambers Global, Gbenga Oyebode is a consummate dealmaker who has received plaudits from clients and peers alike for his corporate expertise. IFLR 1000 says that one of Nigeria’s most prominent lawyers is Gbenga, the founder and Chairman of Aluko & Oyebode.

Who is Funke Adekoya?

Funke Adekoya also one of the best lawyers in Nigeria. She is a Senior Advocate of Nigeria (SAN) and an adent Abitrators /Mediator, Funke has been opportuned to handle a considerable number of cases in arbitration and mediation. It is important to know that Funke Adekoya is the founder of AÉLEX (one of the best law firms in Nigeria ). It was originally a group formed to help in resolving dispute outside the court (That is, through Alternative Dispute Resolution methods).

Is litigation a good way to settle a dispute?

The reason is because, not every dispute requires the court to settle it . Here are some of the things you should carry at the back of your mind when searching for a lawyer in Nigeria.

Is Wole Olanipekun a good lawyer?

Like Femi Falana, Wole Olanipekun, SAN is really a good lawyer in his field, but he is expensive too. Nonetheless, if you can afford to get the legal services of Wole Olanipekun, SAN you will not regret it at all. He is indeed, one of the best lawyers in Nigeria.

Is a restaurant a good business in Nigeria?

If you can operate a food and drinks center in Nigeria, then it can be a good money maker for you because Nigerians will always eat, even when the economy is bad. A restaurant is a good business that is always profitable as long as it is located in a populated area.

Is wealth an ego fuel?

Business, Business ideas, Buzz 79 Comments. Wealth is an ego fuel, it boost your mindset and gives you a different kind of feeling, everyone needs a life that everything is possible, the luxury and fast life but they sit at home lazily waiting for opportunity to knock when they have the potentials at their fingertip.

Is a relaxation center a good idea?

Owning a relaxation center in highbrow cities like Lagos and Abuja can really be a good income generator as people, especially working class peeps in these cities look out for lounges to relax either after the day’s work or during the weekend. It brings more income if it’s doubled as a viewing center.

Is bookmaking profitable in Nigeria?

Ignore what anyone might want try to tell you about the moral justification of bookmakers. Bookmaking and sports trading business is one of the most lucrative businesses in Nigeria. It is also one of the businesses that require the highest capital to set up. If you have the cash, you should look into sports bookmaking.

Do Nigerians own their own houses?

There are not many Nigerians who own their own houses but for those who do, they only end up getting richer because real estate is one sure thing in Nigeria that hardly ever loses value except it gets to over 50 years or more depending on how good the structure is .

When high inflation rates and inaccessibility to banks make it insensible to deal with naira

When high inflation rates and inaccessibility to banks make it insensible to deal with naira, it’s the perfect timing to look into cryptocurrencies as an alternative as these digital assets are decentralized, unaffected by economic recessions, and can be traded instantly.

What is affiliate marketing?

If you have a product or an app that you like, why not share the love with your friends and family, and get paid? Affiliate marketing is essentially ‘ wingmanning” a product and a new user in exchange for a cut of the profits.

Can a project be done online?

For example, a project can be done solely online, while another requires an in-person presence. The expertise required for each project can be different too, covering fields such as entertainment, games, medicine, law – to name a few.

Is a website born perfect?

Websites aren’t born perfect. The popular websites we use now have gone through generations of modifications and remodifications – from feedback given by users. Help out the next tech giants by spending 10-20 minutes to navigate their website and tell them what you think about it.

Is Nigeria a double digit economy?

Despite being the largest economy in Africa and having an ever-growing GDP, Nigeria suffers from persistent double-digit inflation rates that lead to their currency plunging in value. Moreover, the lack of jobs contributes to Nigeria’s striking unemployment ...

Is vlogging a bad idea?

With a billion hours of videos watched on YouTube each day, vlogging is never a bad idea to build a business in. If you have a niche in a certain field and are comfortable speaking in front of a camera, try uploading some video content to your YouTube channel. Although building a large following takes time and skills, one that is fluent in video editing and marketing strategies will be able to make bank with YouTube’s ads and sponsorship programs.