How much do the top 1 percent of lawyers make?
Asked by: Hassan Fisher | Last update: December 8, 2025Score: 4.9/5 (14 votes)
The reality is that most lawyers earn significantly less than half a million dollars each year. According to the United States Bureau of Labor Statistics, the median annual pay for lawyers in 2022 was $135,740, with only the top 1% surpassing the $500,000 mark. So, what sets apart that elite 1%?
How much do the top 1% of lawyers make?
— How do we know how much do lawyers make? Well, according to the Bureau of Labor Statistics, the median salary for attorneys in the US is just over $125,000. The highest-paid lawyers (10% of the legal workforce) make over $208,000 However, the top 1% of attorneys make $500,000 or more per year.
Do lawyers make 300k?
Lawyer salaries by state
Lawyers in these states earn the highest median salaries: California ($175,680) New York ($172,880) Massachusetts ($161,530)
What is the highest salary of a lawyer?
The salary of lawyers in India, on average, varies from ₹3 to ₹12 lakhs per annum, depending on experience and area of specialisation.
What percentage of lawyers make over 100k?
It offers a wealth of information about lawyer pay for attorneys who work for law firms. According to the survey, 30% of attorneys in the first five years of their career earn between $100,000-$149,999, and 29% make between $150,000-$199,999.
What I Spent v. What I Make | Lawyer Edition | How Much Money Do Lawyers Really Make? #lawschool
Can a lawyer make $500,000 a year?
The reality is that most lawyers earn significantly less than half a million dollars each year. According to the United States Bureau of Labor Statistics, the median annual pay for lawyers in 2022 was $135,740, with only the top 1% surpassing the $500,000 mark.
Do lawyers make 200k a year?
The median starting salary is $215,000 in 11 cities and geographic areas. They are Austin, Texas; Boston; Chicago; Dallas; Houston; Los Angeles/Orange County, California; New York City; San Diego; San Francisco; Silicon Valley in California; and the Washington, D.C., area.
Do top lawyers make millions?
How Much Do Top Lawyers Make? According to ALM Global's 2023 Global 100 Ranked by Profits Per Equity Partner, Kirkland & Ellis LLP (the highest-paid lawyers in the United States) pays their equity partners a whopping $7.52 million per year.
What is the highest paying lawyers?
- Patent attorney: $180,000.
- Intellectual property (IP) attorney: $162,000.
- Trial lawyer: $134,000.
- Tax attorney: $122,000.
- Corporate lawyer: $115,000.
- Medical lawyer: $113,000.
- Real estate lawyer: $98,000.
- Family lawyer: $93,000.
How rich is the average lawyer?
In general, the five highest-paying states for lawyers are as follows: California ($201,530) Massachusetts ($196,230) New York ($188,900)
How to make 500k a year?
- Actor.
- Author.
- Accountant.
- Insurance agent.
- Investment banker.
- Professional athlete.
- Entrepreneur.
- Hedge fund manager.
Can lawyers make 7 figures?
Corporate Lawyer (Partner)
Though that's far from pocket change, it's certainly not landing you in the earnings tier of a millionaire. That said, corporate lawyers generally stand to make the most and can pull in seven figures a year — if they make partner.
What percentage of lawyers are millionaires?
There are 4100 biglaw attorneys who rake in a million a year or more, which is 0.31% of all attorneys; the 100 highest paid GCs average $2.7 million per year, and there are easily just as many solo or small-firm attorneys who also make that much.
How much do top doctors make?
How Much Do the Highest-Paid Doctors Make? The highest-paid physicians in the US are in surgical and procedural specialties such as neurosurgery, thoracic, and orthopedic surgery. These physicians earn an average annual salary of $600,000 or higher.
How hard is law school?
In summary, law school is hard. Harder than regular college or universities, in terms of stress, workload, and required commitment. But about 40,000 people graduate from law schools every year–so it is clearly attainable.
What is the highest paid lawyer?
- Patent Attorneys.
- Intellectual property (IP) Attorneys.
- Trial Lawyers.
- Tax Attorneys.
- Corporate Lawyers.
What is the highest paying job in the world?
Topping the list, being a CEO gets you the highest paying job in the world, no matter where you work. A CEO is the highest-ranked position in any organisation's structure. Irrespective of the company's size, a CEO handles all its day-to-day corporate affairs, manages resources and handles all managerial processes.
Which type of lawyer is the richest?
The highest-paid lawyers typically specialize in fields such as corporate law, intellectual property, tax law, medical malpractice, and entertainment law. These areas command higher salaries due to the complexity, demand, and financial stakes involved.
What type of law is the richest?
- Corporate Lawyers.
- Tax Attorneys.
- Trial Lawyers.
- Intellectual Property Lawyers.
- Medical Lawyers.
- Real Estate Attorneys.
- Immigration Lawyers.
- Admiralty (Maritime) Lawyers.
Why are big law salaries so high?
Why does Big Law pay so well? Big Law firms pay well in part because of the extremely competitive market, in which firms are raising salaries to keep up with each other and capture top talent. That competition is creating a wider divide between the largest firms and the midlevel and small firms.
Who is the highest paid lawyer in America?
Peter Angelos | $2 Billion
The wealthiest lawyer in North America, Peter Angelos earned his J.D. from the University of Baltimore and gained prominence in asbestos litigation, securing over $100 million from a single case.
What state pays lawyers the most?
Best-Paying States for Lawyers
The states and districts that pay Lawyers the highest mean salary are District of Columbia ($238,990), California ($213,860), Delaware ($212,360), New York ($208,480), and Connecticut ($195,730). How Much Do Lawyers Make in Your City? See current salary offers for jobs in your field.
What is the lifetime earnings of a lawyer?
Expected Lifetime Earnings: $4,740,000
The average for lawyers out of an Ivy League school, in their first year alone, is something like $120,000-$130,000 a year. A partner in a decent firm should make $300,000-$500,000 a year.
How high can lawyers get paid?
For example, California is home to the top two metropolitan cities with the highest paying salaries for lawyers. San Jose ($267,840/year) and San Francisco ($239,330 /year) top the list for the best-paying cities for lawyers. In addition, lawyers in the state of California earn a mean salary of $201,530/year.