Is law a high paying career in India?

Asked by: Romaine Bednar MD  |  Last update: September 19, 2022
Score: 4.6/5 (21 votes)

Many top law firms are paying the highest salaries to their employees in India. Tier I law firms pay 10-17 lakhs per annum for a fresh graduate, and if a fresher can glorify him in the firm, salary may range from 80 lakhs to 1 Crore.

Which field of law pays the most in India?

Top 7 Highest Paying Law Fields in India in 2022
  • Tax lawyer for corporates. Big corporates and big names in society always want to be clean when there is any issue related to taxes. ...
  • Judges. ...
  • Trial lawyers. ...
  • Professor in law universities. ...
  • Judicial clerks. ...
  • Human rights lawyer/ Animal rights lawyer. ...
  • PSUs legal employee.

Is law good as a career in India?

Law as a profession is in great demand these days. Due to the changing social and economic circumstances and the ever-increasing regulatory role being undertaken by the government there is a rising demand for the lawyers. Besides being financially lucrative, Law is an adventurous and exciting career option.

Which type of law is highest paid?

Highest paid lawyers: salary by practice area
  • Tax attorney (tax law): $122,000.
  • Corporate lawyer: $115,000.
  • Employment lawyer: $87,000.
  • Real Estate attorney: $86,000.
  • Divorce attorney: $84,000.
  • Immigration attorney: $84,000.
  • Estate attorney: $83,000.
  • Public Defender: $63,000.

Is law a high paying career?

Many top law firms are paying the highest salaries to their employees in India. The tier I law firms pay[2] 10-17 lakhs per annum for a fresh graduate and if a fresher can glorify him in the firm , the salary would range from around 80 lakhs to 1 Crore.

Top 10 Careers in Law - Dhananjay Sharma

40 related questions found

Are lawyers jobless in India?

Among the lakhs of jobless lawyers in India, less than 10% are making a living wage. Will legal profession survive another 20 years? The dynamics of the legal market continue to amaze me. India has lakhs of jobless lawyers sitting around exterminating houseflies in district courts around the country.

Are lawyers rich?

Most lawyers earn more of a solid middle-class income," says Devereux. You probably will be carrying a large amount of student loan debt from law school, which is not at all ideal when you're just starting out in your career. "Make sure you only become a lawyer if you actually want to work as a lawyer.

Which field of law is best?

Highest Paying Fields of Law
  1. Law Firms/Corporate Counsel. Of course, law firms would come to this list. ...
  2. Litigation/Trial Advocates. ...
  3. Judicial Services/Civil Services. ...
  4. Academia/Professor of Law. ...
  5. Specializations- Cyber Law, Banking Law, Intellectual Property Law, etc. ...
  6. Judicial Clerkship.

What is the income of a lawyer in India?

Lawyer salary in India ranges between ₹ 1.0 Lakhs to ₹ 10.0 Lakhs with an average annual salary of ₹ 3.5 Lakhs. Salary estimates are based on 1.1k salaries received from Lawyers.

Which area of law is in demand?

The main areas of law that are growing are cybersecurity, cannabis, labor, elder law, energy, IP, and health. These growth areas don't only affect new lawyers who are interested in transitioning to these eight fields.

Why law is not a good career?

The job of a lawyer is very demanding and requires extreme concentration as you have to work on several cases simultaneously. Working hours are too long and you cannot afford to become lethargic as it is a highly competitive field. Remember, it is a lengthy process and it is hard to stick to it.

Are lawyers happy in India?

It is counterintuitive then that most Indian lawyers are fairly happy with where they work. About 59% of those working in law firms either agreed or strongly agreed that they enjoyed their current jobs. Among in-house lawyers, 51% were positive about their current roles.

Is becoming a lawyer worth it in India?

This profession is one of the most respectful, rewarding, and fascinating careers. There are instances when a lawyer has to go through stress from the case he handles and at times is applauded by society for the work he did. Like in each and every profession, there are some primary pros and cons of being a lawyer.

Who is the No 1 lawyer in India?

Ram Jethmalani

He is the highest paid lawyer in India and used to charge up to 25 lakh for one appearance. He had clients like Harshad Mehta, Ketan Parekh and has also defended L. K. Advani in the Hawala scam.

What is the future of law careers?

A law student can choose to practice law as an advocate which is the most traditional and conventional path to building a career in this field. One can work for a law firm and work for multiple companies and clients. One can become a corporate counselor or a cyber-lawyer.

What type of lawyer is most in demand?

Legal Hotlist Takeaways
  • Insurance: +2190% (YoY) ...
  • Criminal Law: +1680% (YoY) ...
  • Civil Rights: +1160% (YoY) ...
  • Personal Injury: +660% (YoY) ...
  • Estate Planning: +330% (YoY) ...
  • Bankruptcy: +280% (YoY) ...
  • Employment Law: +190% (YoY) (Top growth area: Wrongful Termination) ...
  • Business Law: +140% (YoY) (Top growth area: Contracts)

Do lawyers earn in crores?

A criminal lawyer with an average 10-year experience can earn anywhere between Rs. 3,60,000 to 10,00,000 and if the person has a good name then their income can be as high as the great Harish Salve who allegedly charges few crores for a single court appearance.

Which stream is best for Lawyer?

If you want to become an advocate, you can choose either arts or commerce as your stream. However, arts would be a better stream, as it is relatively easier than commerce because of absence of maths. Also arts is very scoring.

Does law have scope in future?

There is great scope for law graduates to join private firms across the country. They can choose to become the legal advisor and help the company with legal decisions. In case someone is looking for a well-paid job, they can get an MBA after their LLB. This way, they would be able to get a dual post in companies.

What is the future of law in India?

Deloitte predicts 1,00,000 legal roles will be automated by 2036 and law firms will start using new talent strategies by 2020. The post-pandemic era has essentially been a boon in certain areas of the legal industry including cyber, financial, arbitration, dispute settlements and even divorce lawyers.

Is there a demand for lawyers?

Employment of lawyers is projected to grow 9 percent from 2020 to 2030, about as fast as the average for all occupations. About 46,000 openings for lawyers are projected each year, on average, over the decade.

Are lawyers or doctors richer?

However, on average, the data shows that doctors make more than lawyers. To the surprise of some, the reality is that the discrepancy is not even close. Specifically, the average doctor makes $208,000 per year, while the average lawyer makes $118,160.

What are the disadvantages of being a lawyer?

Disadvantages of Being an Attorney
  • Lawyers often work long hours.
  • You will often no longer have a life apart from work.
  • Clients can be quite demanding.
  • Working climate may be rather bad.
  • You may get sued.
  • Law school can cost a fortune.
  • Digitalization is a threat to lawyers.

Is becoming a lawyer hard?

Becoming a lawyer in California is one of the most difficult, and most rewarding, career choices you can make. California is notoriously one of the most difficult bars to obtain membership in, and the steps necessary to do so include earning multiple college degrees, taking entrance examinations, and submitting ...