Professional individuals who are licensed or certified to practice law, lawyers offer legal services to promote the interests of a person or a group who hires them. Their responsibilities include giving oral arguments in claims courts, writing court papers, and client counseling.
They are also in-charge of negotiating contracts, promoting intellectual property as well as prosecuting and defending criminal suspects. Learn more about them by knowing the usual salaries of lawyers.
Salaries of Lawyers Based on Length of Service
The salaries received by lawyers depend on their length of service. Entry-level attorneys usually get an annual salary of $46,000 to $69,000 while individuals who have been in this profession for a year to Four years get a yearly pay of $50,000 to $81,000.
Lawyers who already worked for Five years to Nine years basically receive $68,000 to $115,000 a year. Those who have been practicing their profession for 10 years to 19 years get a pay of $79,000 to $145,000 a year. Lastly, attorneys who have been serving their clients for 20 years, and above usually gets an income of $88,000 to $155,000.
Salaries of Lawyers Based on Employer Type
Another way of assessing the salaries received by lawyers is by employment type. Self-employed attorneys typically get the highest income. They can earn as much as $125,000 to $160,000 a year. Next to them are those who are employed by hospitals. Their yearly pay ranges from $53,000 to $114,000. Those who are work for companies have an annual pay of $60,000 to $113,000 while lawyers who are recruited by trusts and foundation basically receive a compensation package amounting to $49,000 to $91,000 a year.
Finally, lawyers who work for state and federal governmental agencies receive an annual pay of $45,000 to $115,000.
Salaries of Lawyers Based on Job Opportunities
Associate attorneys can earn as much as $71,900 a year while corporate lawyers receive a yearly income of $104,000. Those who will work as corporate counsels can have an annual salary of $105,000. Assistant general counsels usually earn an average of $127,000 a year and general counsels get an annual income of $133,000.
More Points on Lawyer Salary
Many people wish to become a lawyer because of the pay in this profession is higher than in other jobs. To get a job that requires applicants to have a legal degree, it is important to pass a national or state licensure examination. In addition, it is also essential to weigh the advantages and disadvantages of opportunities from companies, agencies, and organizations before accepting a job offer.
The salaries of lawyers usually range from $40,000 to $120,000. However, to maximize the opportunities offered to them, it is important that they specialize in different fields.
Additionally, it is necessary that attorneys stay in this profession for at least 10 years because the longer they practice law the higher their salaries will be. Moreover, it is essential that they work hard to get promotions. When they are promoted as corporate counsels and general counsels, they can earn as high as $133,000 a year.