Corporate lawyers, sometimes called in-house counsel, are attorneys who specialize in the field of business law. They assist companies in business transactions, helping them comply with corporate laws and regulations while preparing documents and negotiating deals. In addition to assisting in these tasks, they also develop and oversee the legal policy of their companies.
How to Become a Corporate Lawyer
To become a corporate lawyer, you need to earn a Bachelors degree in Law and a Juris Doctorate from an accredited law school. After gaining experience in the field, you can then apply for a job with a firm or corporate client. You can also work on your own as an in-house corporate lawyer and make more money.
How to Earn a Corporate Lawyer Salary
The average starting salary for a new lawyer at firms is $160,000, according to the National Association of Law Placement. That’s up from last year, but it’s still far below the amount paid in 2009, when nearly two-thirds of first-year hires at firms were getting that top salary.
Those who graduate from the best US law schools, such as Harvard Law School or Stanford University, can expect to start with a higher starting pay than those who don’t. They can also expect to earn more after they’ve developed their skills and accumulated experience in the field. Recommended this site dc personal injury lawyer .
In-house lawyers usually work for large corporations and private businesses. These include banks, insurance agencies, hospitals and biotechnology firms.
They also represent clients in courts and before government agencies, arguing motions, presenting cases and testifying during trials. They often travel to their clients’ locations to gather evidence, interview witnesses and evaluate potential case outcomes.
The highest earning individuals in the field are usually partners at large law firms. They are typically paid a significant percentage of their firm’s total earnings, and can earn upwards of $300,000 a year. They also receive benefits such as health and life insurance. Other factors that affect their earnings include the company they work for, their level of experience and the size of their firm.