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Which Lawyers Make the Most Money?

Posted by James Aspell | Apr 27, 2021 | 0 Comments

It's true that some lawyers are wealthy and others struggle to meet their expenses. Different types of lawyers are specialized in different law areas. By being specialized in particular areas of law practice, lawyers can make the most money. Becoming a lawyer is not an easy job, but it is well paid. I have compiled a list of types of lawyers that make the most money.

Different Types of Lawyers That Make The Most Money

Corporate Lawyers

Also known as business lawyers, corporate lawyers are specialized in building, managing and managing a business. These types of lawyers deal with employment contracts, the sale of businesses, mergers etc. Corporate lawyers are also able to deal with business disputes and handle negotiations. Lawyers working in corporate law make an average of $98,000 each year.

Tax Attorneys

Undoubtedly, taxes are complicated. But, tax attorneys can make it uncomplicated for their clients. It is advisable to consult with a tax attorney if you want to set up a business. These types of attorneys make an average annual salary of $99,640. They deal with government taxing agencies. A tax attorney also prepares legal documents that help in saving taxes for clients.

Bankruptcy Lawyers

It is advisable to consult a bankruptcy lawyer if you're struggling with your finances, bills, and debts. Bankruptcy lawyers are responsible for protecting their clients against bankruptcy. They aim to negotiate deals with creditors. These lawyers make an average of $113,000 each year.

Personal Injury Lawyers

Personal injury lawyers deal with insurance companies, civil legal liabilities, and damages. You should speak to a professional injury lawyer if you have been injured in a car accident. These types of lawyers are needed if you or your family member has suffered a physical injury. An experienced personal injury attorney or lawyer will help you receive the appropriate compensation you are entitled to.

Medical or Malpractice Lawyers

Also known as medical lawyers, malpractice lawyers are needed when a medical professional such as a doctor, nurse etc are unable to provide the right treatment to a patient. These types of lawyers are specialized in malpractice law, health care law, personal injury, and other related areas. These lawyers represent health care clinics and hospitals. Medical lawyers make an average of $150,881 annually. These types of lawyers generally make the highest money each year.

Philadelphia Injury Lawyers

If you or your family member has suffered an injury in Connecticut due to someone's negligence, you can ask for legal support from our team in Farmington. Speak to a professional and seasoned Connecticut injury lawyer to get legal assistance! An experienced lawyer, attorney or law firm will help you get the right settlement you deserve for your pain and suffering.

About the Author

James Aspell

Principal since August 1, 2006 James F. Aspell is the principal and managing attorney of the firm which he started in 2006 following 20 years of litigation practice in a mid -size firm in Hartford, Connecticut. Jim focuses his practice in the areas of worker's compensation and personal injury l...

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