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Are you in law school and wondering what kinds of legal specialties make the most -- or
least -- money? This shouldn’t be the deciding factor when it comes to what type of law
you decide to practice, but it is understandably a consideration for many law students.
The legal industry o ers hundreds of career options from court messenger to trial lawyer.
Salaries can range from minimum wage to nine-digit incomes, depending on geographic
location, market demand, experience level, practice environment and employer size -- and
yes, the job itself.
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Trial Lawyers
Trial lawyers are among the highest paid legal professionals in the world. Thousands
practice across the globe, but litigators who handle high-dollar, high-profile and high-
stakes cases are the most highly compensated. Not all lawyers rake in high incomes,
however. Many public interest lawyers and solo practitioners earn modest salaries. The
median annual salary for all lawyers was $133,470 in 2014, up from $110,590 in 2008.
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Tax Attorneys
Tax attorneys work with both individuals and businesses to solve tax issues.
They help with estate planning, and even with suing the Internal Revenue Service. They are
often essential consultants when someone is starting a business or when contracts must
be drafted. Although this type of work isn’t as flashy as that of trial lawyers, tax attorneys
still bring in decent paychecks.
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The median pay is about $99,000 as of 2016, while some make as much as $189,000 each
year.
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Real estate attorneys review o ers and contracts and make sure that buyers get fair deals.
They also work with sellers to make sure everything is fair on that end. Although real estate
attorneys make decent salaries -- the median is $79,000 and these lawyers can earn as
much as $149,000 a year -- nearly one in four real estate attorneys are not awarded
benefits.
Chief legal o cers, also known as general counsels, head the law departments of
corporations. Generally, the larger the corporation, the greater the general counsel's salary.
Earnings for CLO's heading large, multi-national corporations can reach seven figures. In
addition to base salaries,
10 High-Paying Jobs chief legal o cers also earn bonuses, stock options and other
perks
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Women are rising in the CLO pay ranks, according to the 2011 General Counsel
Compensation Survey. For the first time in the history of the survey, a woman -- the top
legal o cer at tobacco giant Altria Group, Inc. -- topped the survey that year, taking home
$6.5 million in total cash compensation.
Judges
Judges preside over court proceedings in federal, state and local courts. Judges and
magistrates earn a median annual salary of $156,250 as of 2016, with a range from
$153,265 to $174,860. The highest-paid judgeships are those within the federal court
system, while local judges and magistrates earn the least. In addition to generous salaries,
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most judges enjoy healthy benefits, expense accounts and contributions to retirement
plans made on their behalf, increasing the size of their compensation packages.
Members of Congress
Do you like the idea of working in the business of changing laws for the betterment of an
entire state or country? Maybe a career in politics is for you. Although a law degree isn’t
technically a requirement to get into politics, it can certainly help. Members of
Congress bring home $174,000 per year and some higher positions, such as Majority Party
Leader or Speaker of the House, bring in $194,000 each year.
Law school professors teach courses in law, perform research and publish scholarly works
in their fields of expertise. Salaries vary by region and by the school. According to the
Society of American Law Teachers' 2009-2010 Salary Survey, salaries for full professors
ranged from $113,691 to $242,500 that year. This list of public law school faculty
salaries reveals that some professor salaries reach beyond $300,000, while salaries for law
school deans top out at around $450,000.
Securing a position as a law school professor is competitive, however. Qualifications for top
candidates include a law degree from a top law school, law review, high-class standing,
judicial clerkship experience, law practice experience and publication credits in scholarly
journals.
As technology changes the face of law practices, legal professionals who are also tech-
savvy are climbing the salary ladder. Legal professionals in litigation support roles earn an
average salary of $70,882 in 2016, while litigation support directors and managers can
command salaries much higher. Top-earners usually possess law degrees or advanced
degrees in technology, business or finance.
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Law firm administrators or chief managing o cers oversee the business and administrative
aspects of running a law firm. Their duties cover the non-legal aspects of law practice, such
as financial management and reporting, business development, human resources, facilities
management, technology, marketing and practice management.
Law firm administrators in large firms rake in the highest earnings. A 2011 survey of law firm
CMO salaries in three major cities showed that the average was $386,294 at that time and
the median salary was $375,000. CMO salaries in New York can reach as high as $750,000,
while law firm administrator salaries in Washington, DC, soar to $650,000.
Law firm administrators typically work fewer hours than most big firm lawyers and CMO
positions require less education -- most have only a bachelor's degree. This can be a great
career option for those seeking a lucrative job in the legal industry.
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CAREER PROFILES
CAREER PROFILES
CAREER PROFILES
6 Options for Entry Level Legal Jobs
Have You Ever Wondered What the
Lowest Paid Legal Jobs Are?
CAREER PROFILES
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CAREER PROFILES
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CAREER PROFILES
STAY CONNECTED
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