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According to published data from the New York Times, the annual base salary for partner-track first year associate attorneys at top law firms in major U.S. legal markets such as New York, California, Massachusetts, the District of Columbia, and Texas can range from $160,000 to $190,000 per year—with salary varying depending on the size and reputation of the firm.
How much money do lawyers actually make? What other jobs are available to law students? And is law school debt worth the headache?
This is a list of global law firms ranked by profits per equity partner (PPEP) in 2021. [1] Firms marked with "(verein)" are structured as a Swiss association . These are estimates and equity partners can make vastly different salaries inside the same firm.
Law firm size. Median starting lawyer salaries in 2023. 100 or fewer lawyers. $155,000. 101 to 250 lawyers. $160,000. 251 to 500 lawyers. $190,000. 501 to 700 lawyers
A small percentage of graduates from prestigious law schools working for large law firms earn salaries near $160,000. However, most graduates working for smaller law firms, government, and non-profit organizations earn about $40,000 to $60,000. According to IRS data, the average solo practicing attorney earned $49,130 in 2012. [4]
The average annual base salary for "of counsel" or "special counsel" in the United States between 2003 and 2009 was US$216,019 (with salary varying depending on size/reputation of the firm, its location, and the attorney’s experience). [5] At highly prestigious law firms, an "of counsel" or "special counsel" may make as much as US$375,000 per ...
Lawyers working directly on the payroll of governments, nonprofits, and corporations usually earn a regular annual salary. [188] In many countries, lawyers can also volunteer their labor in the service of worthy causes through an arrangement called pro bono (short for pro bono publico, "for the common good"). [189]
Currently, most American workers earn a salary. However, more jobs in the future could have a bonus-pay structure instead. A recent Wall Street Journal article reported on this shift, explaining ...