If you want to make lots of money quickly and reliably, there are various career fields with great earning potential. Legal specialties that offer the greatest returns on your investment could help guide your journey towards financial independence and success.
Employment Lawyers
Workplace issues can often leave employees distressed, but an employment lawyer can act as a trusted and compassionate guide through this difficult journey, to ensure justice is served in the workplace.
These legal experts navigate the complexities of city, state, and federal labor laws with ease and protect workers against discrimination. Furthermore, they protect employers against high-stakes employment disputes that could escalate into costly nationwide class actions.
Employment attorneys specialize in employment statutes passed by legislatures and case law that is always evolving, earning much higher earnings than generalist attorneys in other practice areas. This is particularly true for attorneys that work for large companies who can command higher fees due to their experience and reputation.
Litigation Lawyers
Litigation attorneys are among the highest earners in their profession. Their salary reflects their rigorous and specialized nature of work; often this involves reviewing extensive documents.
Legal specialties that offer lucrative earning potential include corporate law, tax law, intellectual property law and medical malpractice law. Real estate, admiralty and criminal law also present excellent earning prospects.
Litigation careers can be extremely satisfying for service-minded people who enjoy helping people at their most vulnerable moments. A sports attorney might represent prominent athletes or celebrities during contract negotiations or disputes; such an occupation could provide lucrative career opportunities to those who enjoy being in the limelight.
Intellectual Property Lawyers
Intellectual property law is an increasingly lucrative practice area that can bring great satisfaction. From developing new drugs that reduce leukemia effects to designing energy-saving batteries for electric cars, businesses need to secure and protect their creative work and innovation.
IP attorneys serve as advocates for entertainment companies, movie studios, sports teams and technology organizations by protecting a range of artistic and inventive creations from theft or misuse by competitors and strangers. When handling intellectual property cases at court level, lawyers involved often need to prepare strong cases that defend them in front of higher courts.
Experience gained through internships or volunteer activities can provide invaluable knowledge when considering a career in intellectual property law. By gathering real world insights through hands-on work experiences like internships or volunteering opportunities can help determine whether this particular legal specialty is the perfect choice for them.
Patent Lawyers
Patent lawyers are in high demand due to their deep knowledge of intellectual property laws. They help their clients navigate the complex process of securing patents for their innovations.
Entry-level patent attorneys often earn competitive salaries upon graduation from law school, with bonuses and benefits adding further to their overall compensation. As they gain experience and specialize in certain areas like biotechnology or electrical engineering patent law, this may result in even greater pay increases.
Patent lawyers typically earn more than other professionals in similar professions; this applies to physicists, nuclear engineers, aerospace engineers, petroleum engineers and computer hardware engineers as well. Salary levels typically depend on your location; lawyers in more populous cities tend to earn more due to higher living costs.
Public Defenders
Lawyers working in public defense must be comfortable dealing with extreme and unpredictable situations. Public defenders frequently represent families whose income falls within 250% of federal poverty guidelines; thus they must determine their clients’ eligibility requirements through interviews and paperwork review processes.
Work in this industry can be emotionally taxing for those not equipped to face it head on, yet those who develop trust with their clients are key components to successful representation.
Public defenders should be prepared to devote considerable time in court, from initial appearances known as an arraignment through bail hearings, pretrial conferences and trials. Furthermore, they should be willing to defend individuals despite disapproving of criminal behavior.