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The field of law is as broad as it is diverse – as are the related earnings. As one might expect, lawyers working in state government earn significantly less than their counterparts in the private sector.
According to PayScale.
This article breaks down the numbers by specialty to give you a general idea of what lawyers who practice in a variety of settings can expect to bring in.
A primary role of corporate lawyers is to ensure the legality of company transactions. These attorneys act as advisers to a corporation on a range of issues, such as gathering and analyzing evidence for legal proceedings, formulating contracts, advising companies on their legal rights and obligations in business transactions, and providing advice on issues related to taxation.
Such broad job requirements mean that corporate lawyers must specialize in many different aspects of the law. Major specialties that relate to corporate law include tax law, contract law, accounting law, and securities law. The main focus of many corporate lawyers is therefore to understand how these different aspects of the law relate to the companies who employ them.
depending on the size, location and financial condition of the employer. The best graduates of top law schools can expect much higher salaries and lucrative careers right after they graduate if they have the right skill set and have performed well during their internships.
Other institutions that produce top earners in the field include Stanford University, the University of Chicago, Harvard University, and the University of Virginia. however, will have to settle for a more modest pay check, even if they land a job in the relatively profitable field of corporate law.
Corporate lawyers are paid for their knowledge and experience, both of which have a strong effect on salary. Lawyers who find their niche in corporate law and remain with the same company can expect to see their paychecks to increase every year.
As a rule of thumb, in-house business lawyers get paid less than attorneys employed by large law firms that charge exorbitant fees. This is somewhat of a generalization, and although it is true that the highest earning individuals in the legal field tend to be the partners in big law firms, for the most part, in-house lawyers aren’t worse off financially than their peers.
In a nutshell, patent attorneys are tasked with assessing and analyzing whether an invention is eligible for a patent or not. They guide and advise individual private inventors as well as corporations that are in the process of securing a patent. After the patent is obtained, patent attorneys protect patents in case of infringement. Some of a patent attorney’s tasks include describing inventions in clear and indisputable legal terms, researching and assessing existing patents, and litigating in court in infringement cases.