On average, lawyers practicing law in the United States make $131,990 per year or $54.95 per hour. Similarly, their learned friends up North in Canada make approximately $175,000 a year while those in the United Kingdom make about £39,000 per annum. All the same, these salaries vary widely depending on various factors.
For instance, lawyers practicing in small towns earn considerably less than their colleagues in large cities yet they may have the same qualifications. Moreover, those who work in their own small practices also earn less than their counterparts who are partners in established law firms. This pay difference is not just in terms of salaries; equity partners get a share of their firm’s profits so obviously the more the firm makes, the higher their pay.
It is therefore not a wonder that the practice of law is an extremely competitive career as lawyers seek to out-wit each other in court. You see, winning cases is not only beneficial to the client; it is also very profitable to the lawyer due to the prestige and monetary gain associated with winning more cases than those lost. Seriously, we have all seen it; a little known attorney wins a high-profile case and suddenly the clients (with money in tow) are pouring in in truckloads!