Whether you’re a law school student looking for the perfect job or an attorney looking to improve your negotiating skills, learning about what type of lawyer makes the most money can help you determine your career path. Luckily, the law field offers many opportunities, and many lawyers can make a decent living. The average defense lawyer makes more than ninety-eight thousand dollars annually, and the highest-paid lawyers make millions. Some lawyers are lucky enough to earn six-digit salaries.
Another way to make money is to patent an invention. IP lawyers are in high demand, and their inventions have the potential to bring in big bucks for their clients. Inventors are often looking for a way to protect their ideas and trademarks.
In-house corporate lawyer:
Another good way to make money is to become an in-house corporate lawyer for a large corporation. These lawyers have a good salary but also help their company comply with standard laws. Their salary is usually around $198,900, and they can earn $49,000 more than the median lawyer’s salary.
Another way to make money is to handle a legal matter for a wealthy client. Lawyers who represent celebrities or high-earning businesspeople can earn a lot of money. They can also handle the more mundane legal matters such as drafting legal documents, drafting deeds, handling property inspections and drafting conveyance transactions.
The top 1% of lawyers can earn millions a year, and the best-paid lawyers are often found in larger law firms. These lawyers can take home a nicer car or home than most and afford to take nicer vacations. It’s also possible to make money in a smaller firm, but that is rare. It’s easier to earn a big salary if your client has the funds.
Civil right lawyer:
If you’re looking for the best lawyer, it’s best to find a lawyer with the skills you need. For example, you might want to hire a civil rights lawyer, a divorce lawyer, or an immigration lawyer. These lawyers can handle various legal issues, and many are hired to represent a cause.