- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Outlook for lawyers growing more grim
Posted on 7/15/14 at 2:21 pm to Mariner
Posted on 7/15/14 at 2:21 pm to Mariner
quote:
What do established lawyers generally make?
250 - 350 K sound pretty accurate?
Lulz. Maybe in NYC. We just interviewed about a dozen kids. This is not a big firm, we are kind of boutique, but we are also not just some scrappy arse general practice. Kids with 2-3 yrs experience were all asking for about 65-70K. Now, Detroit isn't Chicago, but it's also not buttfrick Egypt, either.
It all depends on the type of law. The only guy in law who I am somewhat jealous of is a patent attorney. He has the best case scenario because the firm has consistent income by billing for patent applications, but then the attorneys take cuts of multimillion dollar plaintiff's cases.
Posted on 7/15/14 at 2:30 pm to Bunk Moreland
quote:
Lulz. Maybe in NYC.
250-350 is not unreasonable for a partner in a decent market. Partners at decent firms in NYC are making a hell of a lot more than that.
Posted on 7/15/14 at 2:33 pm to Bunk Moreland
quote:
Lulz. Maybe in NYC. We just interviewed about a dozen kids. This is not a big firm, we are kind of boutique, but we are also not just some scrappy arse general practice. Kids with 2-3 yrs experience were all asking for about 65-70K. Now, Detroit isn't Chicago, but it's also not buttfrick Egypt, either.
Makes me appreciate my career choice that much more
Posted on 7/15/14 at 2:33 pm to Bunk Moreland
Here. Houston Chronicle.
Median is $70k per year out of school in a large market (Houston). Top 5% make the big bucks, $120k - $160k, lower end makes $30k and starves.
Most eventually make over $100k, but not a lot over $100k on average according to the article.
LINK
Median is $70k per year out of school in a large market (Houston). Top 5% make the big bucks, $120k - $160k, lower end makes $30k and starves.
Most eventually make over $100k, but not a lot over $100k on average according to the article.
quote:
Feeling the curve
The top salaries go to law students from the prestige schools or those who have the very best grades at other schools.
Others, even some who have enjoyed earlier academic success, might need to lower their expectations.
"These students have done well their whole life. This is the first time for a lot of them that they feel a forced curve," said Rhonda Beassie, assistant dean of career development at the University of Houston Law Center. "A healthy percentage of the students don't get the message until they go bid for a job."
The law students who go to the top-tier firms will make $120,000 to $165,000 annually, but that will be the top 10 percent or less, according to the local law school career offices. Those in midsize firms will make roughly $55,000 to $80,000. At small firms or government jobs, they get $40,000 to $60,000. Solo practitioners may make $30,000 or even live off loans when they start out.
Certainly with experience, these lawyers should increase their income and eventually most of them will get past $100,000, but not that far past it. The median income or 50th percentile, for all attorneys in Texas was $113,300 in 2005, the last time the State Bar of Texas conducted its survey.
In the Houston area, the Bar found the median income for probate and estate attorneys was $78,333, for real estate lawyers it was $88,750, and for civil trial lawyers it was $187,500.
The price of going solo
"Students who go out and get a first-year salary of $45,000 are blown away. Their expectations were glamorized," said Reginald Green, the assistant dean of career resources at South Texas College of Law.
The median income for members of the South Texas class of 2006 is $70,000, and the average is $82,000, he said their survey shows.
LINK
This post was edited on 7/15/14 at 2:34 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News