If you were thinking about getting a degree and becoming a lawyer, we recommend you first to take a look at our list of 7 types of lawyers that make the most money.
Studying law is not easy, and it requires a lot of effort and dedication. Although law practice may be different for different countries, you will need about seven years to finish a law school. Getting this degree will give you an opportunity to work in a trusted company with a big reputation and of course, earn an excellent salary.
When you finish law school, you will become a lawyer, but that is the general title. As you can see in our article, there are so many different types of lawyers, and I am pretty sure you haven’t even heard for some of them. You can choose to be a tax lawyer, business lawyer or personal injury lawyer; the opportunities are numerous. If you want to learn more about the types of lawyers and their difficulty level, we recommend you to check our list of 6 hardest fields of law to practice as well.
In order to find types of lawyers that make the most money, we started with searching for more info about the variety of law careers. Our starting point was Quora where we saw many different opinions about lawyer types and their wages. We continued to Lawyers and Avvo, the most popular sites for finding and hiring lawyers in order to find more info about every type duties and salaries. Once we found the kind of lawyers that earn the most money, it was time to check them. As a credible source for getting the latest and recently updated numbers for every type, we used PayScale. The only parameter we will be using for comparison will be the median salary of each type of lawyer. Most of the types given may not be connected to interesting law fields, but that is why their salaries are so high, right? So, if you want to find out what type of lawyers are paid the most, continue to our list of types of lawyers that make the most money, and you will be surprised by the results.
7. Employment and labor lawyer
Median Salary: $80,172
This type of lawyer is obligated to help in solving the problems connected with workers and employers. Problems between the employer and the employee aren’t a rare situation. The employment and labor lawyer’s duty is to find the right solution in order to help them maintain a good relationship. Both employers and employees should contact this lawyer before signing contracts in order to get to know their rights and obligations so that they won’t get in a conflict situation with each other.
6. Real estate lawyer
Median Salary: $80,217
First of all, let’s start with the definition of real estate lawyer; it means ownership of land and buildings on it, as well as the use of it. So, the lawyer whose area of specialization is real estate needs to know the possession rights and rights of using the land or any buildings on it. Every home buyer, seller or owner is directly connected to this law, so definitively real estate lawyers have much work to do. Fortunately, they are well paid, and with $80,217, this type of lawyer is taking the 6th position on our list.
5. Civil litigation lawyer
Median Salary: $80,388
There are cases when two sides have a trial, mostly it is a dispute that seeks money, but not a criminal sanction. This part of the law is known as civil litigation, and the lawyer that represents one side is known as civil litigation lawyer or a litigator. It is a very responsible and challenging job which is why the median salary for it is $80,288. The civil litigation lawyers are one of the types of lawyers that make the most money.
4. Medical-legal malpractice lawyer
Median Salary $86,476
What if you want to sue your lawyer or someone who is obligated to make decisions about you? He/she has disappointed you, they have made a big mistake, and you want to sue him/her for malpractice. Luckily, there is a lawyer for these cases too, even though these are difficult to win. Medical-legal malpractice lawyer is a lawyer you need if you have issues in the patient-doctor relationship. For example, if your doctor has made a bad decisions or treatments, didn’t take care of your health, you have the right to sue him and this type of lawyer is what you should look for.
3. Business (or corporate) lawyer
Median Salary: $96,533
If you are a business owner, you definitively need one of these lawyers. A business lawyer is someone who will give you advice on everything related to your business and will tell you what is legal and what is not. If you have a business, regardless of its size, you need to find a lawyer of this type as soon as possible, as you don’t what to end up in an urgent situation. Business lawyers are one of the highest paid lawyers, and with the median salary of $96,533, they hold the 3rd position in our list of types of lawyers that make the most money.
2. Tax lawyer
Median Salary: $100,976
When it comes to paying taxes, there are some things that accountants cannot handle. That is why you need this special type of lawyer, a tax lawyer. So, if you are starting a business, you must find a tax lawyer to handle all complex situations connected to taxes paying. This type of lawyer earns a median salary of $100,976 and considering the numbers; it deserves its spot on our list.
1. Intellectual property lawyer
Median Salary: $141,763
People that are creators of inventions need a person that will guarantee them the ownership of those inventions. That is possible through several IP laws. IP, or intellectual property laws are made to help inventors or writers to protect their work with patents and copyrights. In order to protect your work, you need to hire an IP lawyer to make sure someone else won’t use your work without permission. This type of lawyer is paid the most amongst all lawyers, and he is earning a median salary of $141,763. With intellectual property lawyers and the hope that we managed to show you what are the types of lawyers that make the most money, we are ending our list.