On the other hand, most of the lowest-paid areas are in the Midwest and South: Daphne, Alabama Danville, Illinois Homosassa Springs, Florida Valdosta, Georgia Pine Bluff, Arkansas and Kokomo, Indiana. Also, it is good to note that lawyer salaries are highly impacted by geography – where they practice.Ī majority of the 10 metro statistical areas with the highest average lawyer wages are in California, including San Jose, San Francisco, Los Angeles, Santa Rosa, and Napa. For paralegals and legal assistants, it is $56,610. Bureau of Labor Statistics estimates that judges, magistrate judges, and magistrates earn an average salary of $131,850 each. According to the Profile of Legal Profession report by the American Bar Association, actually, the fastest growth over the past two decades was from 1997- 2002, when the average lawyer wage increased to 45% – from $72,840 in 1997 to $105,890 in 2002 (not adjusted for inflation). This was not always the case though, notably after the recession of 2008-09. Indeed, lawyers’ average salaries have risen 63% since 2000 while inflation only grew by 53%. Lawyers’ average salaries have increased faster than inflation in the past two decades. Lawyers in 2021 earn an average of $84,771. But generally, lawyers are very well compensated for all the hard work they put in to become licensed to practice. It is therefore natural to look forward to a return of investment. Aspiring to become a lawyer can be a long, arduous, and an expensive process. Many students considering law school want to know how much they can expect to earn as a lawyer.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |