Lawyer Salaries - Are They As High As Everyone Claims?

The legal profession has been around for a goodhigher salaries to their lawyers than smaller or
many years and there has been a commonmedium-sized ones. While entry into a large law
notion that lawyering is a stable, lucrativefirm is not always easy, the salaries they get are
profession. There may have been a time whenworth the effort. The candidate for membership
that was the case, but is it still so now?needs to be a graduate of a reputable, prestigious
The United States has more lawyers than anylaw school and higher than average grades. Still,
other country in the world, turning out aboutgraduates of law schools of less distinction can still
38,000 law graduates a year from the more thanmake it into these big law firms, provided they
200 law schools across the country. This has led aare on top of their class, have articles published in
ranking member of the judiciary to comment thatlaw journals, and have participated in law
there are too many lawyers in the United States,evaluations and/or debates. Back door entry into
that the number of legal professionals fara big law firm can be done if a lawyer can
outnumbers the jobs and clients available outpresent a record of demonstrated success over
there.years of legal practice.
What are the determinants of lawyers' salaries?• Experience in litigation is also a determining
Several factors that determine the amount offactor in the amount of salary to which a lawyer
professional fees that lawyers can demand, oris entitled. A senior partner of a firm gets a higher
the salaries they are entitled to as members orsalary than a junior partner, by virtue of his or
partners in law firms or as part of the public legalher years of practice in the profession.
system.Because a law degree is a graduate degree,
• The kind of law being practiced influenceslawyers normally start with fairly high salaries. The
lawyers' salaries. For example, corporate lawyers,average starting salary for a lawyer, based on
lawyers who handle mergers and acquisitions andthe Lawyer Starting Salary register, is around
have the opportunity to deal with clients who$56,000. This average starting salary is just a
have more money will definitely receive morejumping-off point. It is projected that in 20 years
than public prosecutors or lawyers for nonprofitof practice, this amount should more than double.
organizations.The National Association for Legal Career
• Geographical area of operation also has aProfessionals (NALP), however, states that in
bearing on lawyer salaries. The average salary for2008, the salary for entry level lawyers in public
a lawyer is highest in Washington, San Franciscoor civil jobs ranged from $40,000 to $47,435.
and New York. Incidentally, the most popular citiesAttorneys wages in private practice for 2007
for lawyers, based on median salary charts, areranged from $68,000 to $130,000, on the
New York, Los Angeles, San Diego, Houston,average.
Chicago, Washington and San Francisco. This dataDespite these high figures, there are those who
can be accessed atcontend that Law is an overrated career that is
• Government as employer vs. private practice.glamorized by television. It does not take into
Private practice, with profits in mind, often givesaccount such realities as debts accrued while
salaries that are higher that what theattending law school, time and effort needed by
government, as an employer, gives.lawyers to establish a client base, and the fact
• Stringent requirements for entry into big lawthat lawyers put long working hours into honing
forms. Large, firmly established law firms givetheir skills in their profession.