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how much mouney does a lawyer make?

how much mouney does a lawyer make in a mounth?

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Doc’s Answer

Aside from industries and different fields of law, there’s another important factor affecting the salaries John — location. This relates to where you decide to practice law, regardless of whether you're, say, an intellectual property attorney or one dealing with legal proceedings related to medical malpractice. As law student you'll have to deal with student debt right after or a few years following graduation, as well as various fees for the necessary certificates you'll be expected to acquire. For example, a newly law graduate you may first work as a paralegal or legal assistant for a few years to earn enough money to pay for continued education.

🪩 INTELLECTUAL PROPERTY
LAWYERS — $140,000
Thanks to our increasingly tech-centric world—offers an average salary of $140,000 according to PayScale. From media and pharmaceuticals to tech and the food industry, there’s a lot of intellectual property that needs lawyers to protect it, and they’re compensated well for doing so.

🩻 MEDICAL MALPRACTICE
LAWYER — $130,000
By suing hospitals, doctors, nurses, therapists, and other health care professionals after medical malpractice—such as a botched surgery or a misdiagnosis—medical malpractice lawyers are among the highest-paid lawyers, earning an average of $130,000 per year, according to PayScale.

🏦 TAX LAWYERS — $100,000
Tax attorneys earn $100,000 per year on average as reported by PayScale. While large corporations may have tax attorneys on staff, businesses of all sizes as well as individuals may hire a tax lawyer to assist with an audit or other issues that may arise with the IRS.

❤️‍🩹 PERSONAL INJURY LAWYER — $80,000
According to PayScale, personal injury lawyers make an average of $80,000 per year. Personal injury lawyers generally work on a contingency fee basis, receiving a percentage of their clients’ winnings, so salaries will vary based on the severity of the clients’ circumstances as well as the attorney’s success rates.

🏠 REAL ESTATE LAWYERS — $70,000
Lawyers in this field represent property buyers, sellers, and renters, earning an average of $70,000 per year, according to PayScale. For about 20% of real estate lawyers, these salaries do not include benefits.

🫂 FAMILY LAW — $70,000
According to PayScale, family lawyers take in an average of $70,000 per year handling issues such as divorce, adoption, and custody agreements in this emotional field of the law.
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Justin’s Answer

The monthly salary of a lawyer can vary widely based on factors such as experience, location, type of law practiced, and whether they work for a firm or are self-employed. On average, in the U.S.:

Entry-level lawyers earn between $4,000 and $6,000 per month.
Mid-career lawyers earn between $7,000 and $12,000 per month.
Experienced lawyers or those in specialized areas (e.g., corporate law or intellectual property) can earn $15,000 to $30,000 or more per month.
Lawyers working in large firms or prestigious positions can earn significantly higher salaries, while those in public interest or smaller firms might earn less.
Thank you comment icon Thanks for the advice. John
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Kevin’s Answer

Lawyers who are self-employed and either operate individually or within a small team can earn a monthly income starting from $4,000. This figure can vary based on the operational expenses of their workspace, which includes rent, office equipment, utilities, insurance, telephone services, and payroll. These costs are offset by the gross income they receive from their clients.

For new attorneys who are just starting their career under the guidance of a seasoned lawyer, they may initially earn a modest income of around $5,000 per month. However, their earnings can rapidly increase based on how quickly and effectively they can apply their legal education to practical situations.

The amount of money allocated for advertising also plays a significant role in the financial success of small law groups, typically comprising one to four attorneys.

On the other hand, those who choose to work as employees in a law firm, Public Defenders Office, or District Attorney office can expect a starting salary of around $7,000 per month. However, this can vary depending on the specific county and state.

Kevin recommends the following next steps:

Think about what area of law you would like to begin working in. Public Defender and District Attorney offices are terrific to gain legal experience after law school. There are plenty of internship opportunities to see if you can resonate well with trial work. Larger firms and even solo practitioners often welcome interns, they get valuable office help and they showcase the practice of law to new practitioners.
Thank you comment icon Your advice was so helpful! John
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