PROFITABLE LAW CAREERS TO GO FOR IN 2020

Updated: Nov 23, 2019


The field of law is one field that is increasingly in high demand due to the fact that both businesses and individuals need their services to enlighten them on a good number of issues. Companies and individuals do need lawyers when they have rifts with other firms or individuals and even when signing business deals with other companies.

If you are considering starting a career as a lawyer but still confused? Here are some reasons why you should go for it.


Use your debate skills


The field of law is good for those who love to debate and use their critical and analytical thinking skills. Apart from that, you get to seek justice and save people who are wrongly accused especially for criminal and civil law lawyers.


Financial security


A career in law also offers financial stability while following a passion plus lawyers are always highly respected in society.


Become intellectual


Studying law makes you become intellectual and actually exposing you to a whole lot of things you probably did not know about

If you are looking forward to starting a career as a lawyer, here is a general idea by specialties what you will be expected to do and how much you can earn in your chosen career.


1. Corporate Lawyer


The primary role of corporate lawyers is to guarantee the legality of all company deals and transactions. These attorneys act as consultants to a corporation on several issues, like gathering and evaluating evidence for legal proceedings, formulating contracts, guiding companies on their legal rights and duties in business transactions, and also providing advice on matters related to taxation.


Such a wide job demands mean that corporate lawyers must focus on many different aspects of the law. Major fortes that relate to corporate law include tax law, contract law, accounting law, and securities law. The main focus of many corporate lawyers is, therefore, to comprehend how these various aspects of the law relating to the companies who hire them.


Estimated salary


In a majority of cases, a corporate lawyer’s salary will often range between $30,000 and $167,000 or more in a year, reliant on the size, location and financial condition of the employer. The best graduates of top law schools can anticipate much higher salaries and profitable careers right after they graduate if they have the perfect skill set and did extremely well during their internships


2. Patent Lawyer


Patent attorneys are responsible for evaluating and analyzing whether a discovery is eligible for a patent or not. They direct and advise individual private inventors plus companies that are in the process of securing a patent. After the patent is acquired, patent attorneys protect patents in case of a breach. Some of a patent attorney’s duties include explaining and describing inventions in concise and unarguable legal terms, investigating and assessing prevailing patents, and petitioning in court in infringement cases.


Patent Lawyers are also highly skilled in different areas of intellectual property rights and always give advice to clients and employers with respect to connected issues, such as designs and trademarks.


Estimated salary


The salary of patent lawyers can be about $160,000 per year or more. The amount of money patent lawyers earn is usually influenced by some factors such as the firm they work in, the size of the company they work for, the duration of time they have worked in the field, and their level of education. A patent lawyer normally needs very specialized skill sets that often comprise an additional educational background in a correlated field such as engineering or biology.


3. Criminal Lawyer


The criminal lawyer’s job description comprises of defending persons, organizations, and companies that face criminal charges in state, federal, or appellate court. Some of the major duties of a criminal lawyer are to study the case at hand, interview witnesses, study case law and procedural law, construct a defense, and come up with a strategic plan for the case. Discussing plea deals on trivial cases is also within a criminal lawyer’s field of specialization.


Required skills


It is essential for a criminal lawyer to have greater written and oral advocacy skills in order to magnificently argue a case in front of a judge and a jury. Creative thinking and analytical skills also play an important role in the process of creating a strategy and doing the research for multifaceted court cases.


Criminal lawyers in public service earn really less than their colleagues in the private sector. An associate who practices criminal law at a large law firm can earn up to $141,000 per year.


4. Tax Lawyer


Tax attorneys act as the representatives of a company, organization or individual when having dealt with federal, state, and local tax agencies. On a daily basis, most tax lawyers give directives and guidance to businesses and individuals with respect to all facets of tax legislation. They monitor any changes in legislation and advise their clients on possible impacts such changes could have on their finances.


To be a good tax lawyer, having a good mastery of math and accounting, having an analytical mind, and the capacity to think critically is vital.

The median annual salary of tax lawyers can be about $101,000 or more which can increase as you get more experience on the field in terms of the number of years you have served plus the type and size of the company you work for.


5. Real Estate Lawyer


Real estate lawyers help their clients in different ways regarding commercial and residential real estate plus issues related to tenants, neighbors, zoning and property advancement also fall under the canopy of real estate law.

Real estate dealings need a substantial number of multiple legal documents, so most real estate attorneys spend some time in an office rereading and drafting contracts and other documents, and preparing consultations for their clients.


Real estate attorneys equally represent their clients in court. For cases property law, it might actually involve a property owner who suing a tenant for unpaid rent. Real estate lawyers often file in court documents, assemble evidence to support the claim, and interview witnesses to ensure that their client has a strong case.


Required skills


Scrupulous document drafting is an essential skill in this job. An eye for detail and strong analytical skills are total requirements for real estate lawyers who want to perform well in this field.


Estimated salary


A Real estate lawyer's salary can be about $147,000 or more. Highly skilled contract negotiators tend to be the most paid in real estate law, though; experience and location also affect the earning potential of these attorneys.


6. Family Lawyer


Family law is a wide field. Family lawyers may be involved with custody arrangements, adoption, prenuptial agreements, and in some cases divorce. Many attorneys in this field choose to have a particular specialty, becoming specialists in one area or another. For example, divorce lawyers work with clients to annul a marriage and aid them to decide how best to share common property. Other areas of specialism include child support, child custody, and domestic abuse.


The median annual salary of a family lawyer can be $70,828 or more. Skilled family lawyers in the private sector are the top earners in this category, and they have higher earning potential than their counterparts in the public sector.


7. Personal Injury Lawyer


Personal injury lawyers work with clients who declare physical or psychological harm as a result of the carelessness or wrongdoing of another party. Should in case an accident or injury takes place, personal injury lawyers represent their clients to get justice and reward for any losses or suffering. A good number of these cases fall under the area of tort law.


To aid clients to obtain compensation for any financial losses, pain, and suffering they have experienced due to neglect, personal injury lawyers interview clients, examine their case, find and research certain issues in the plaintiff’s case. If a plaintiff makes a claim that has to do with an injury to the body or mind, this falls into the category of personal injury law. Car accidents, work injuries, and “slip and falls” constitute some of the most common cases in this field.


Estimated salary


The average annual pay for a personal injury lawyer can be about $80,000. Many lawyers in this field do not have a stable yearly income as they work for contingency fees. This implies that they get a percentage of any compensation settlement the plaintiff obtains. As in most cases, lawyers working for non-profit organizations or the government always tend to earn lower, while their colleagues in big law firms are the top earners.


8. Civil Rights Lawyer


Civil rights lawyers protect the civil rights and ultimate liberties of the public. A typical civil rights case might include defending an individual who faces discernment based on race, age, gender or religion. Cases associated with supposed improper conduct by law enforcement also fall under the category of civil rights law.


Civil rights cases sometimes have to do with claims based on false arrests, excessive force or brutality, and unlawful searches and seizures. Many cases are focused on questions of human rights, social freedom, and equality. Lawyers who focus on this field often have a lot of passion about getting justice for a particular group of persons or a particular issue. For this reason, several civil rights lawyers always tend to specialize in a particular area of civil rights.


Projected earnings


Lawyers who take on civil rights cases generally earn less than lawyers who choose careers in business fields, such as corporate law. The regular salary for starters as a civil rights lawyer is estimated to be at $50,000 a year, but experienced attorneys in this field can make right up to $200,000. Top earners are usually employed by federal government agencies. Meanwhile, lawyers who work for the federal government make an average of $130,210, as compared to state government lawyers, who earn a more modest wage of $90,190 a year on average.


9. Intellectual Property (IP) Lawyer

Intellectual property law is a vast and complicated field that needs a deep comprehension of important laws in addition to a creative and analytical way of thinking. Intellectual property lawyers, or copyright lawyers, ensure that new intellectual discoveries and innovations created by individuals gain the protection of the law, and are not trespassed upon by competitors.


IP attorneys may have their specialty in different areas such as music, art, design, technology, or writing. The intellectual property stands out as the most respected and valued type of property for many corporations and organizations. Guarding new innovations in technology, science, and the arts is, therefore, a top primacy for many companies, creating a significant need for IP lawyers with specialties in those fields.


Estimated salary


The median salary of IP attorneys is between $131,728 and $143,000 per annum or more.


10. Medical Lawyer Civil Rights Lawyer Personal Injury Lawyer


For lawyers who have a passion both for law and healthcare, this specialty can be a perfect blend. The duties of medical lawyers include working with health care professionals to create and build case theories, interviewing expert witnesses, gathering and analyzing medical records, and malpractice lawsuits.


In other words, “medical law” is not a different category of the law, but rather a blend of a number of other categories like; personal injury, medical malpractice, and health care law. There are some medical lawyers who work for hospitals and health care clinics, giving advice and guidance with regard to their rights and obligations, and defend them in the phase of medical malpractice cases. Others focus on representing clients who wish to file for health care facilities or individual health care professionals.


Estimated salary


Medical attorneys and health care lawyers earn an estimated average annual salary of $150,881, but medical lawyers who work with hospitals typically earn even more.


Conclusion


Now that you have a clue on how much money you stand to make as a lawyer, the next step to make is to start preparing for Law School so you can actually land one of these high paying careers and start making money out of what you are passionate about.


Read More: Best Health and Medical Careers to Pursue

©2019 - 2020 by Bettercareersguide. Jonhope Innovative Company. Privacy Policy