Lawyers are often the profession we think about when we imagine successful careers. An attorney job is the kind that parents love to brag about. With over 1.3 million lawyers currently in the United States, this is one of the most popular and essential professions out there. People in this career field have to go through many years of schooling, pass the bar exam, and hard work in order to achieve success in their careers. Lawyers typically practice a specialized type of law. If you’ve found yourself in the midst of criminal charges, you would not want to hire a copyright lawyer. While all types of law can be a rewarding career, the salary range between them will vary. Some types of law offer a much more lucrative career path than others. Follow along to learn the average income for an attorney in some of these specialized fields.
When we think about lawyers, we often picture criminal cases. We conjure up an image of a fiery litigator defending their downtrodden, but innocent defendant. These types of lawyers face some of the most stressful situations in today’s world. They are literally holding the lives of the clients in their hands. A minor misstep can result in a lengthy prison sentence for the accused. Many times, an innocent person winds up convicted due to poor representation from their lawyer. Due to the nature of this law practice, it is not cut out for everyone. A criminal defense attorney is one of the most selective law professions.
The average income for an attorney in the criminal defense field is around $78,500 a year. It presents a varying range in income. It can range from $45,000 to $130,000 a year. A new lawyer fresh out of law school will find themselves on the low end of the spectrum. An experienced attorney, who has put in many years of quality work, will see their yearly income increase over time. The criminal defense attorney serves an important role for their clients. They can also help with other steps in the legal process, such as getting their clients in touch with bail bond agents. If they post bond, they will be out of jail while they help prepare their defense. This will make the process all the more convenient. Although the average income for an attorney in this field is not as high as others, this can be a rewarding career choice. they help people get their life on track.
There are other, even more specialized, types of lawyers in the criminal defense field. When someone has been charged with driving under the influence, they will face a mountain of legal issues. They will need to hire a DUI attorney to help navigate this messy path. DUI lawyers are not among the most lucrative legal careers. The average income for an attorney who specializes in DUI cases is around $56,000. While they do have relatively modest pay, they do serve an important purpose in the legal field. They help their clients during a vulnerable time in their life. Clients come from all walks of life. They could be relatively wealthy, struggling financially, or somewhere in the middle. Because of this, the pay is not as lucrative as other lawyers. The legal process is also simpler than in other cases. These cases rarely go to trial so they can be wrapped up in a short amount of time. This enables the lawyers to take on more cases and increase their income.
Lawyers are people who we are forced to turn to in our time of need. Most times, we need a lawyer because of something negative in our lives. Much like a criminal defense lawyer, a divorce attorney handles clients that probably wished they weren’t in this situation. Divorce can be a heart wrenching and agonizing event in people’s lives. When a couple gets married, they look forward to a lifetime shared together. Unfortunately, this will not come to fruition for many couples. Divorce lawyers offer a myriad of different services in this unfortunate process.
The average income for an attorney in divorce lawyer services is around $84,000. The range in income varies between $70,000 to $96,000. Compared to a DUI lawyer, divorce attorneys offer a larger salary. Divorce is a lengthy process and one that is not rectified in a swift manner. Due to the prolonged nature of their job, divorce lawyers will typically charge more for their services. Since they can only handle so many clients at a time, they will need to make sure they are well compensated for their efforts.
Divorce lawyers help their clients reach agreements in the dissolution of their marriages. They will help divvy up all of the belongings between the two former spouses. They often have to play detective and configure who claims the rightful ownership of their different assets. Sometimes ownership is fairly black and white. Other times, however, the lawyer will have to do a bit of research. Divorce proceedings can be a highly contentious series of events. Someone in this profession needs to have a strong character and be thick-skinned.
Real estate law
The various kinds of lawyers feature various degrees of salaries. Real estate law is one of the more lucrative law practices. A real estate lawyer help facilitate the sale and transaction of real estate properties. While many people hire lawyers during a negative time in their life, this could be a rather positive experience. A young family is excited to be purchasing their first home. Real estate lawyers serve a vital purpose in this process.
Whether you’re looking for your first home or searching for new apartments, you might need a real estate lawyer. Real estate lawyers wear a variety of different hats in the sale of a property. They will focus on writing up contracts, officially securing the transaction of property, and assisting with the home inspection process. Much like a divorce attorney, real estate lawyers usually face a lengthy development. Because of the amount of work they have to put in as well as the focus they have to put into each client, they have a higher pay scale than other lawyers.
The average income for an attorney in the real estate field is around $107,000 per year. New home buyers face a myriad of different issues related to this sale. Buying a house is far from a simple procedure. A quality real estate lawyer is essential in helping you navigate this difficult path. While they can be rather expensive, they play a vital role throughout this journey. They are well worth the price tag.
As the old saying goes, “The only things certain in life are death and taxes.” That is more than just a cliched line. Taxes are something that everyone will have to deal with. They can be a cause of many headaches. Taxes can be much more convoluted than they should be. Some people will feel completely lost when it comes to taxes. Luckily, there is still help out there. A tax attorney can be a tremendous help during tax season.
The tax attorney is another one of the more well-paid law professions out there. The average income for an attorney in the tax business is around $120,000. Since taxes are such an essential part of life, it is no wonder that lawyers in this field carry such a hefty price tag. These lawyers face a multitude of different tasks related to taxes. They have to be exceptional at math and have good problem-solving skills.
Tax attorneys specialize in the field of tax law. They help their clients navigate any legal matters related to their taxes. They can help if you find yourself in a questionable legal tax matter. However, tax lawyers will also help prevent any tax problems from occurring in the first place. Many of these lawyers are also certified public accountants as well. These skills can be incredibly handy in their career. Clients will likely have to pay more for any accounting the tax lawyer can do, thus increasing their annual income. Tax lawyers also help ease the burden of their clients’ tax returns. They take things such as gifts and trusts to reduce income and estate tax burdens.
Business litigation lawyers
The role of a business litigation attorney is an intriguing part of a law firm. They specialize in the litigation of any business. These lawyers are on the higher end of the pay scale. The average income for an attorney specialized in business litigation is over $110,000.
A business litigation attorney deals with the legal matters pertaining to a business or organization. This law profession is among the highest paying. While most lawyers deal with the legal needs of an individual person, a business litigation attorney will handle a whole business or organization. This is the main reason why it has such a standout salary.
Business litigation lawyers help businesses manage any conflicts that may arise during the course of their business. One such example is handling lawsuits. Companies can be sued for a variety of different reasons. Not every lawsuit result in a court case. In fact, the vast majority of lawsuits never see the inside of a courtroom. The attorney helps determine whether this case has merit. They will work with the business to determine what the best course of action should be. Depending on the facts of the case, they will decide to pursue the case, settle it, or try to have it dismissed.
A business litigation attorney can be found in many different law firms. A smaller to medium-sized business will hire these lawyers when legal matters with them arise. Large corporations will likely have one of these lawyers, or an entire legal team, on their staff. The larger the company is, the more likely it will have legal issues to be sorted out. In addition to handling lawsuits, they will also help with aspects such as contracts, tax liabilities, and employee dismissal issues.
Investment management lawyers
The world of investment management can be an enticing one for any lawyer. Much like the business litigation attorney, the investment management lawyer is one of the most lucrative legal career fields. The average income for an attorney who specializes in asset management services is around $97,000 a year.
Lawyers who specialize in investment management carry a lot of weight on their shoulders. It is no wonder that they find themselves on the high end of the pay scale. The world of private equity and investments feature a lot of money exchanging hands. Anything involving plentiful amounts of money will always be a cause for concern. Money in the hands of an unscrupulous individual can result in a world of headaches. Private equity firms deal with an awful lot of big business. They buy and sell other companies and then sell them for a profit. With such a large transaction, these firms need a strong legal team to make sure everything falls into the right place.
Lawyers for these private equity firms play an important role. Their job involves two distinct responsibilities. They play a vital role in the formation of the fund. They will assist the firm in the negotiation process for the investors. When it comes to the actual sale process, the lawyer will help guide them along and make sure everything runs smoothly. Some of the funds that these firms specialize in are hedge funds, mutual funds, open-end funds, and closed-end funds. Since investors play such an imperative role in the world of private equity. Investors want to make sure that they are not being shafted. They trust that the process will go along smoothly with minimal hiccups. The investment management lawyer will help ease any of their concerns and make sure that everything is on the up and up. This is one of the many reasons why the average income for an attorney in this field is so high.
When someone mentions that they are a lawyer, it can mean a variety of different things. They could be defending a client in a criminal case or they could be helping people with their taxes. Law offices are staffed with numerous different lawyers. They serve many different roles for their clients. People turn to lawyers during large events in their life. Sometimes they are positive events, but many times they are negative. Having a quality layer will help ease these transitions much more smoothly. The important roles they play is one of the reasons why the average income for an attorney is so high.