These Are The Highest Paid Types Of Lawyers

It is common knowledge that the vast majority of the nation’s over 1,300,000 lawyers are well compensated. Taking into account all lawyer salaries, the median salary is just north of $120,000. And after four years of college and three years of law school, lawyers must earn a substantial salary to repay their student loans.

Personal Injury Lawyers

Personal injury attorneys are at or near the top of the list of highest-paid types of attorneys. In the field of personal injury law, attorneys specialise in representing those who have been injured due to the carelessness of another.

The following cases fall under the category of personal injury:

  • Automobile Crashes Medical Negligence Slip and Fall Product Liability

A surprising number of personal injury attorneys do not charge conventional fees for their services. They frequently work on a contingency fee basis, which means they receive a percentage of the total amount of money awarded in the case.

Patent Lawyers

Patent attorneys are another of the highest-paid types of attorneys. Patent attorneys are in high demand due to the unique skill set required to perform the job effectively. In addition to a law degree, skilled patent attorneys typically have an engineering background. This enables them to comprehend the fundamentals of the patents they are seeking and defending on their clients’ behalf.

It is not unusual for patent attorneys to earn more than $130,000 in their early careers. And as they gain experience, their earnings will increase.

Corporate Lawyers

Corporate lawyers advise large corporations, defend them in the event of potential legal trouble, and guide them through the complexities of mergers and acquisitions. Due to the complexity of this area of law and the willingness of large corporations to pay handsomely for quality corporate lawyers, it is common for corporate lawyers to earn well over $200,000 per year.

Tax Attorneys

A tax attorney is another type of attorney who works closely with businesses and is well compensated for doing so. Attorneys specialising in tax law prepare tax documents and counsel businesses on how to comply with the extensive U.S. tax code. Due to the complexity and difficulty of their work, tax attorneys command high annual salaries.

It may also be a field of law with high stakes. If a company is under investigation by the federal or state government, the attorney must do everything in their power to defend the client. Occasionally, millions of dollars are at stake.

Choosing the Right Lawyer

Regardless of the nature of your legal issue, you do not always need to hire the highest-paid attorney. Instead, you should look for the appropriate attorney. A good lawyer has extensive experience, communicates effectively, and is surrounded by a solid support staff.

If you can find an attorney who meets these requirements, you will likely be well-represented in court.

Contact Our Personal Injury Law Firm

Contact Abrams Law Group for a free consultation if you’ve been hurt in an accident and require legal assistance.

Abrams Law Group
104-70 Queens Boulevard, Suite 502
Forest Hills, NY 11375
(718) 997-9797

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