Why do lawyers earn so much?
In fact, lawyers earn an average less than most people think. Although it is true that the highest lawyers earn exaggerated salaries and even relatively successful lawyers earn quite a lot, many lawyers earn relatively little compared to other professional fields. In fact, many lawyers complete a law school without work in the field of law, and so they are forced to either try to make their own way in private practice, or otherwise work another job while trying to find work in the company. Because legal schools are so carefully monitored by their students, legal companies that want to hire can hire directly on the basis of the percentile the student has included in their class. This means that the top companies in the highest cities tend to accept only those lawyers who have been doing very well, while those who have fallen into the lower percentiles of their class may be lucky to find any company much less, which is particularly good.
on UPPER Echelons, a student of law who excelled in his class, has been accumulated by a large law firm on the highest market like New York City, can expect to earn more than $ 150,000 in the first year as a collaborator. Second -level students can still hope that they will earn around $ 120,000, and students in even smaller cities can approach $ 70,000 in the first year. At even lower ends, with students in practices in small towns or smaller companies in slightly larger markets, lawyers sometime in the first year earn only $ 35,000 as a collaborator and may never come for some of these lawyers.
As far as lawyers earn so much money, there are a number of reasons that support their salaries, although for many of these reasons they are not entirely satisfactory. The most frequently cited reason is SimInvestics of money for a state with a lawyer. Unlike many PosTgradural programs in science or liberal art do not tend to make money for those who want to become lawyers, so the costs must be paid either for pocket or through loans. So many people come from the Faculty of Law with a debt of approximately $ 150,000 and the risk that it may not be able to pay it means those who receive work
Many people also suggest that lawyers earn the same as a lifestyle that they must lead as lawyers. Many lawyers work fourteen to sixteen hours and are constantly on standby. In hard cases, they can be expected to live in the office practically, and this can drag weeks or months, or even in some years. It is assumed that this problem far exceeds many other professions and helps justify what lawyers earn every year.
Of course you exist who would simply say that lawyers earn too much for what they do. Engineers also tend to spend a large amount of money nAnd visiting a professional school, yet their salaries are considerably smaller than the lawyer's salaries. Nurses may find themselves working nonstop because there can be any other professions, but nowhere near what lawyers earn. In the end, lawyers would seem to earn the same way as the market would bear, and if there is either less demand for their services or more lawyers to compete for work, their salaries will fall.