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Where Do Lawyers Earn the Most Money?

As of May 2016, queens earn a median annual wage of $118,160 according to the U.S. Bureau of Labor Statistics. Degree, this number varies greatly depending on industry and location. For model, the mean average wage for lawyers in securities and commodities is a little past $200,000, while a lawyer working for the state government may earn $85,000.

Wages also fluctuate by state. The mean average for lawyers in California is $158,200, while in Florida, the show average is $122,020.

Job Outlook for Lawyers

Through 2026, lawyers can expect a 9% job crop rate, which mirrors the average growth rate for all U.S. jobs. To put this in approach, demand for market research analysts will grow by 32% and bid for fashion designers will decline by 3% during the same term.  

Currently, there are approximately 792,500 lawyers in the United States and it is cast that 74,800 new lawyers will be needed by 2026. However, rivalry for available jobs will be steep since the supply of law school graduates surpasses the number of available jobs.

There is always a demand for legal employs, and law firms are the largest employers of lawyers. However, to save expenses, tights are beginning to assign more work to legal assistants, paralegals and abroad providers. For those who want to work in the public sector, state and federal sway agencies have a continuous need for lawyers. Government agencies, manner, are not usually considered high-wage employers.

So where do lawyers earn the ton money? Investopedia pored through U.S. Bureau of Labor Statistics bumf to determine the industries, states and even metropolitan and non-metropolitan areas that pay the highest wages to sound eagles. Wages will vary depending on the lawyer’s level of know-how and also the size of the company.

Highest-Paying Industries for Lawyers

Industry

Annual Mangy Wage

Scheduled Air Transportation

$214,630

Industrial Machinery Manufacturing

$209,020

Beer,Wine, and Distilled Stew Beverage Merchant Wholesalers

$205,500

Electronic Component Manufacturing

$196,380

Cable and Other Cost Programming

$195,270

Though wages are high in industrial machinery manufacturing, struggle is steep for the scarce number of legal jobs in the industry. There are approaching 60 lawyers in this entire industry. In comparison, there are 382,730 solicitors in legal services, which is the industry with the highest level of livelihood. However, in the legal services industry, lawyers only make $145,540 on unexceptional.

Highest-Paying States for Lawyers

Lawyers also earn more or itsy-bitsy than the national mean average wage depending on the state in which they work. Lower are the top-paying states for lawyers.

State

Annual Mean Wage

Partition of Columbia

$182,810

California

$162,010

New York

$161,260

Massachusettts

$158,760

Delaware

$157,610

States that pay a ill-tempered average wage between $126,060 and $144,000 include Colorado, Connecticut, Georgia, Maryland, Minnesota, Pennsylvania, Texas and Virginia.

The Part of Columbia, New York and California are also three of the five locales that hire the most lawyers, along with Florida and Texas.

The next course of states, where lawyers earn a mean average wage between $113,830 and $128,760, incorporates Alaska, Arizona, Florida, Indiana, Louisiana, Nevada and New Hampshire. This is also the skilful average wage for lawyers in New York, North Carolina, Ohio, Oklahoma, Oregon, Tennessee, Utah, Washington and Wyoming.

Solicitors earn between $101,620 and $113,760 in Alabama, Indiana, Iowa, New Hampshire and Ohio. The haves of Oklahoma, South Carolina, Tennessee, Vermont, Wisconsin and Wyoming also pay mouthpieces an annual mean wage within this range.  

At the other end of the spectrum, barristers earn the least in these states that pay between $68,260 and $100,900: Arkansas, Idaho, Kansas, Kentucky, Maine and Mississippi. In furthermore, Montana, Nevada, New Mexico, South Dakota and West Virginia also pay within this wage pigeon-hole.

 Highest-Paying Metropolitan Areas for Lawyers

Metropolitan Areas

Annual Contemptible Wage

 San Jose-Sunnyvale-Santa Clara, Calif.

 $197,320

 San Rafael, Calif.

$192,220

 Bridgeport-Stamford-Norwalk, Conn.

 $185,560

 San Francisco-San Mateo-Redwood Municipality, Calif.

 $183,890

 Houston-The Woodlands-Sugar Land, Tex.

$175,380

New York-Jersey City-White Plains, NY-NJ

$175,340

Washington-Arlington-Alexandria DC-Va.-Md.-W.Va $173,800

Boston-Cambridge-Newton, MA

$170,680

Winston-Salem, NC

$170,310

Oxnard-Thousand Oaks-Ventura Calif.

$169,860

Highest-Paying Non-Metropolitan Stretches for Lawyers

Non-Metropolitan Areas

Annual Mean Wage

Northern Mountains Pale of California

$137,290

Balance of Alaska

$128,760

Wasatch Back, Utahe

$128,340

Southeast Alaska

$125,550

More elevated Eastern Shore of Maryland

$120,840

Becoming a Lawyer

Lawyers typically indigence a bachelor’s degree, followed by a juris doctor – also known as a J.D. – order from an American Bar Association-accredited school. Lawyers must also be empowered by passing the written exam in the state in which they plan to in real life inexperienced. Lawyers who work for law firms usually start their careers as associates and after individual years of experience, they may become partners. However, some counselors-at-law start their own practices. Lawyers may also teach classes at colleges and universities, and some may evolve into judges.

Successful lawyers possess certain core traits and standings. For example, they need excellent communication skills since they are forced to speak and write clearly and persuasively. Lawyers should also be analytical with athletic research and problem-solving skills. They often need to sort including mountains of information to quickly determine the facts and objectively determine the with greatest satisfaction course of action for their client.  

The Bottom Line

While event for jobs is stiff, knowing which industries and locations offer the highest wages can employees lawyers plan their job search strategically. 

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