how to make money as a lawyer reddit

How much do lawyers get paid?

They get a share of the profits of the firm instead. So back to the stats - according to US News, the median salary for a lawyer (of all types and levels of experience) is $118,160, with a 25th percentile of $77,580 and a 75th percentile of $176,580.

Is being a lawyer really worth it?

The lawyers who are in it because they want to make a difference/really love their niche tend to be on the happier side, while those who just see it as a vehicle to make a lot of money end up being more frustrated. Not true in every case, but a general rule from my experience.

How do you become a successful lawyer?

You'll have to start at the bottom and work your way up just like most every other professions. But if you pay your dues, get in with a good firm and take advice from your peers, it's a quick climb to the top. I can spot in 2 seconds how long a lawyers been in practice and which ones will suceed. Stay humble, work hard and appreciate your staff.

How do you spot a successful lawyer?

I can spot in 2 seconds how long a lawyers been in practice and which ones will suceed. Stay humble, work hard and appreciate your staff. You'll do great What are some qualities of the successful lawyers? Another thing to think about is the type of law you are thinking of practicing.

Is law a good education?

Is patent law a good field?

About this website

Do lawyers actually make a lot of money?

Law careers have always been some of the most lucrative in the United States. Depending on their location and specialty, lawyers can make as much as $200,000+ a year, which is considerably more than people make in most other professions.

How much do the top 1% of lawyers make?

How much do attorneys make? Well, according to the Bureau of Labor Statistics, the median income for attorneys in the US is less than $120K. The top 10% make over $208K. However, the top 1% of attorneys make $500K or more per year.

How much do the top 10% of lawyers make?

Across all fields and locations, the median salary for lawyers in 2016 was $118,160, according to the Bureau of Labor and Statistics. The same year, the BLS reported that the bottom 10% of lawyers earned under $54,910, while the top 10% earned over $208,000.

What type of lawyer gets paid the most money?

Some of the highest-paid lawyers are:Medical 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.

How can I make 500k a year?

WHAT WE HAVE ON THIS PAGEActor/Actress.Physician/Surgeon.Chief Executive Officer.Author.Investment Banker.Lawyer.Entrepreneur.Engineering Manager.More items...•

Who is the richest lawyer in the world?

A Dozen of the Richest Practicing Lawyers in the WorldWichai Thongtang. Net Worth: $1.8 billion. ... Charlie Munger. Net Worth: $1.6 billion. ... Bill Neukom. Net Worth: $850 million. ... Judge Judy. Net Worth: $440 million. ... Robert Shapiro. Net Worth: $120 million. ... John Branca. Net Worth: $100 million. ... Roy Black. ... Jane Wanjiru Michuki.More items...•

What is the highest paying job in the world?

Here are the highest paying jobs of 2022:Anesthesiologist: $208,000.Surgeon: $208,000.Obstetrician and Gynecologist: $208,000.Orthodontist: $208,000.Oral and Maxillofacial Surgeon: $208,000.Physician: $208,000.Psychiatrist: $208,000.

What type of lawyer makes the least money?

Legal Aid Attorney Legal Aid attorneys provide counsel to people who cannot afford to pay for their own lawyer. These are public interest jobs that many lawyers get a great deal of satisfaction out of, even if they don't make a large amount of money.

Are lawyers rich?

Most lawyers earn more of a solid middle-class income," says Devereux. You probably will be carrying a large amount of student loan debt from law school, which is not at all ideal when you're just starting out in your career. "Make sure you only become a lawyer if you actually want to work as a lawyer.

How can a lawyer make 7 figures?

4 Keys to Achieving a 7-Figure IncomeRun your law firm like a business. You studied the law as a noble profession, but to break the seven-figure barrier, you must run your law firm like a business. ... Focus on a niche. ... Identify your ideal target market. ... Pay attention to your firm's finances.

What field of law is most in demand?

Most in-demand practice areasCommercial law.Litigation.Real estate law.Intellectual property.Family law.

Which area of law pays the most?

Highest paid lawyers: salary by practice areaTax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.Immigration attorney: $84,000.Estate attorney: $83,000.Public Defender: $63,000.More items...•

Do you regret becoming a lawyer? : law - reddit

I strongly recommend that people don't go to law school in most instances. But I'm very glad I went. The two do not actually conflict. First, I went to law school just things really went south--the shit hit the fan my 3L year--so the analysis in play now wasn't necessarily in play then.

Is being a lawyer really that bad or are people just bitching?

And you're always on call. Always. Unless you are clear and firm with your clients that you'll be out of the office for xyz reason (conference that's actually a vacation, etc.), but even then you're getting nonstop emails.

7 Highest Paid Types of Lawyers (Salaries Included)

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Most Lucrative Areas of Law 2021: Top 7 - Bscholarly

1. Medical lawyers: In recent years, medical law has been one of the most lucrative areas of law in many countries. This area of law has to do with the responsibilities of medical professionals and the rights of the patient. In other words, it tends to protect patients from a breach of their rights by medical professionals and also protect medical professionals when they are acting within ...

Is law a good education?

Law ( outside becoming a lawyer) gives you an excellent education in persuasi ve argument. This can be very valuable in many different careers. I'd be careful with that last part. Since it's tied to a very specific job, I think most employers would be even more concerned about you leaving the moment such a job opens up.

Is patent law a good field?

Patent law is a good field and not overly saturated since you are required to have a technical degree in order to even take the patent bar. 2. level 1. sschoo1. · 4y. If you can get through a decent law school without accruing a mountain of debt, then I would say it might very well be worth it.

What to do when you think someone is liable?

In the practice of law, you’ll necessarily have to do things at odds when your personal set of values. Defend someone you think is liable. Sue someone you think isn’t. Cross-examine an honest person in a blatant attempt to make an upstanding, well-meaning person appear as they lack credibility.

How much does a doc review cost?

Finally, there's doc review, which a lot of people might end up in, even if they did things right. Doc review is generally $20-25/hr and is not guaranteed, but a "contract" position that depends on the availability of work. There's generally no room for upward mobility here.

Is law school expensive?

Law School is astronomically expensive - the schools will brag about the six figure salaries their graduates make coming out of school, but that's a fallacy. Most students graduate with $100k+ in student loan debt - and that's from law school alone. If you've got loans from undergrad, add those on top.

My piece of shit boss

I can’t take it anymore. There’s no reason to treat all of us like this. This person makes my life a living hell and every time I leave work I pray a semi truck will run me over.

Anyone else feel like an idiot all the time on every assignment, always?

I just passed the bar and I’m a contract law clerk with a midsized regional firm, and I swear I never feel like I do anything right for any supervising attorney.

New Associates - What practice management tips have you picked up so far?

I come to the practice of law with nearly a decade of business and professional experience, but every day as a new associate I am navigating the nuances of the profession and client management.

Leaving Big Law

I’d like to get this off my chest and to hear some perspectives. I did well in law school, topping my class before doing a clerkship. I thereafter did a two year stint in M&A big law before taking a year off to do a masters degree (also to be with my wife who needed to relocate for a year).

How do you manage case files? I'm a Gov lawyer looking for something better than sticky notes on paper folders

I'm a prosecutor with a fairly high case load. Our office uses paper files and folders for everything. Our filing system is basically sticky notes with the next court date on them. If I stick something in my motions pile, I don't want to forget that it's on for JT in a week and I need subs by such and such date.

Time tracker

Does anyone use an app to keep track of your time? My firm has a site that we enter time in, but I can't always input it right away. I was thinking about using just the old paper and pen, but if anyone has a better way to do it, I'd love to hear it.

Is law a good education?

Law ( outside becoming a lawyer) gives you an excellent education in persuasi ve argument. This can be very valuable in many different careers. I'd be careful with that last part. Since it's tied to a very specific job, I think most employers would be even more concerned about you leaving the moment such a job opens up.

Is patent law a good field?

Patent law is a good field and not overly saturated since you are required to have a technical degree in order to even take the patent bar. 2. level 1. sschoo1. · 4y. If you can get through a decent law school without accruing a mountain of debt, then I would say it might very well be worth it.