What's the highest paid type of lawyer?

Asked by: Prof. Geraldine Ledner II  |  Last update: June 10, 2025
Score: 4.8/5 (35 votes)

Highest-Paid Types of 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.

What is the highest paid type of lawyer?

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 is the highest paying lawyer?

Corporate and tax lawyers tend to be the highest earners, with patent and IP lawyers not far behind. Trial lawyers also pull down a lot of money, particularly in the civil litigation field. Other lawyers are more motivated by getting justice for their clients than by collecting the largest possible paycheck.

Which field of lawyer makes the most money?

Highest Paid Lawyers Around the World
  • Corporate Lawyers. Corporate law relates to the regulation of corporations, including their formation, management, and winding up. ...
  • Tax Attorneys. ...
  • Trial Lawyers. ...
  • Intellectual Property Lawyers. ...
  • Medical Lawyers. ...
  • Real Estate Attorneys. ...
  • Immigration Lawyers. ...
  • Admiralty (Maritime) Lawyers.

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.

Big Law's Big Paychecks: Partner Compensation, Explained

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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.

Is 700k a good salary?

Earning $700,000 a year would put your household in the top 1% nationwide — and well above the middle class — and in any state in the South or Midwest. But that still won't cut it in seven states. The Northeast dominates the rankings, with five of the 10 states with the highest 1% thresholds lying in this region.

What type of lawyer is the richest?

As of 2024, the top five highest paid types of lawyers are:
  • 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.

Who is the lowest paid lawyer?

We find that within the legal industry, certain segments are known to offer lower compensation. Typically, public defenders, legal aid attorneys, and lawyers working for nonprofit organizations are among the lowest paid.

Which field lawyer earns the most?

In India, tax lawyers are among the highest-paid legal professionals due to their specialised expertise. Corporate tax lawyer salary in India can range between ₹6 to ₹15 lakhs per year, while individual tax lawyer salary in India is estimated to be between ₹3 to ₹8 lakhs annually.

What type of law is most in demand?

Some of the most universally in-demand legal specialties include intellectual property law, family law, immigration law, real estate law, and corporate law.

Do top lawyers make millions?

In general, the five highest-paying states for lawyers are as follows: California ($201,530) Massachusetts ($196,230) New York ($188,900)

Which field of law makes the most money?

Highest-Paid Types of 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.

Can lawyers make 300k a year?

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.

Is corporate law hard?

The path to becoming a corporate lawyer is arduous but worthwhile. To become a corporate lawyer, you'll need to have practical knowledge and skills, including commercial awareness, teamwork, communication skills, information analysis and research, confidence, and creativity.

What is the #1 best paying job?

Get Matched!
  • Obstetrician and Gynecologist. #1 in Best-Paying Jobs. ...
  • Psychiatrist. #2 in Best-Paying Jobs. ...
  • Emergency Medicine Physician. #3 in Best-Paying Jobs. ...
  • Orthodontist. #4 in Best-Paying Jobs. ...
  • Anesthesiologist. #5 in Best-Paying Jobs. ...
  • Oral and Maxillofacial Surgeon. #6 in Best-Paying Jobs. ...
  • Radiologist. ...
  • Pilot.

What is the lowest paid profession?

11 lowest paying jobs
  • Care worker.
  • Shelf packer.
  • Play worker.
  • Nursery nurse.
  • Teaching assistant.
  • Cashier.
  • Dental nurse.
  • Cook.

Which is the richest job?

List of Highest Paying Jobs in India
  • Project Manager.
  • Artificial Intelligence (AI) Engineer.
  • Data Scientist.
  • Machine Learning Engineer.
  • Blockchain Developer.
  • Full Stack Software Developer.
  • Product Manager.
  • Management Consultant.

What is the best law specialty?

Here are 16 fruitful, promising areas of law for you to consider.
  1. Complex Litigation. This is an area of law that demands a lot of patience and incredible attention to detail. ...
  2. Corporate Law. ...
  3. Tax Law. ...
  4. Intellectual Property. ...
  5. Blockchain. ...
  6. Healthcare. ...
  7. Environmental. ...
  8. Criminal.

What is the highest position of a lawyer?

The highest level in a law firm is typically the senior partner, who has significant control over the firm's operations, strategic direction, and client management.

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.

What is the 1% salary?

How Much Does the Top 1% Make? According to data from the Social Security Administration, you need to make $794,129 annually to be in the top 1% of wage earners in the United States. This is based on an analysis of 2023 wage data, the most recent available.

Can I afford a 700k house with 100k salary?

To afford a $700,000 house, you typically need an annual income between $175,000 to $235,000, depending on your financial situation, down payment, credit score, and current market conditions. However, this is a general range, and your specific circumstances will determine the exact income required.

Is 200k a year considered rich?

Is $200,000 a Year Considered Rich? There's no standard definition of “rich,” though most people would certainly consider a single person making $200,000 to be well-off. But again, where you live — and the cost of living there — play a role. Another way to think about what “rich” means is to calculate your net worth.