For all those late nights studying for the bar, not to mention the money you’ll need to pay back your student loans, salary is naturally an important consideration when it comes time to choose a legal career. You deserve a high return on all your hard work, and you have serious debt to pay back after school. You may want to make the world a better place, but you need to make good money doing so. This guide can help you find the highest paying areas of legal practice. e.
Getting solid figures on what legal specialties pay can be difficult as there isn’t much financial data available. Even lawyers don’t like to discuss their salaries openly. When the National Association for law Placement publishes its annual review of legal salaries, even they won’t break figures down into the different branches of legal specialties.
Most lawyers will agree that private firms will often start their new employees at a set salary, regardless of what specialty they’ve been hired under. Careers will naturally center on a particular legal specialty as they accrue, like a contract law attorney position, but pay depends on economic factors as well as market demand for the work at any given time.