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Dependence on clientele and reputation are two key components in determining a lawyer’s financial success, with high-profile clients often paying more for top-tier representation. Seniority within their law firm also impacts earnings potential.
Location also is an influential factor, with attorneys practicing in larger cities typically earning more than those based in smaller communities. Finally, skill set and experience play an integral part in an attorney’s salary.
David Boies is one of America’s premier lawyers. His firm represents clients large and small alike, including high-profile cases such as those brought forth by victims of sexual assault or the founders of Theranos. Boies has also won heartening victories for LGBTQ individuals while campaigning to dismantle electoral colleges.
Boies Schiller Flexner has found itself under investigation by The New York Times in an investigation that portrays it as part of an ethically corrupt legal system. Published November 30 and followed up with an hour long TV special, it alleges Boies Schiller Flexner used an undercover informant to secure lucrative settlements for clients accused of sexual abuse.
Boies defends his work on the Weinstein, Theranos and Cline cases in an interview with NPR. He claims he wasn’t seeking money as part of retainer agreements with victims’ attorneys allows them to recoup only costs and expenses; not fees. Boies maintains his firm is still doing well with clients that tend to be wealthy individuals as clients.
Daniel Petrocelli of O’Melveny & Myers is widely recognized for representing household-name clients in high-profile litigation matters, winning many prestigious awards such as American Lawyer’s “Litigator of the Year 2020” and one of Daily Journal’s “Lawyers of the Decade 2000 to 2009”. Additionally, he chairs his law firm’s trial practice committee.
At present, he is engaged in a high-profile case for Thomas Barrack, chairman of Trump’s inaugural committee. He is representing him against various class action claims related to his use of foreign workers and also won a dismissal on Walt Disney Studios’ behalf in their ongoing dispute with Stephen Slesinger’s heirs over Pooh merchandising rights.
Lawyers generally make more money based on their specialization and expertise. Highly-sought after lawyers tend to command higher salaries due to high demand.
Though some lawyers may be able to attract wealthy clients, others can struggle financially. Top lawyers typically make more due to their expertise and high-profile client base; plus they may make substantial bonuses working at large law firms.
As Senior Vice President and General Counsel at Pfizer, Schulman oversees its legal department as well as serving as Head of Pfizer Nutrition. She sits on their Executive Leadership Team.
Schulman graduated from Wesleyan University and Yale Law School with many accolades and awards to her name. But even with such success comes giving back. Schulman donates to multiple charities while supporting women in STEM fields despite her impressive paycheck. Furthermore, she owns over 257 units of Alnylam Pharmaceuticals Inc stock worth 2.57 Million which she has traded multiple times over 11 years, giving her status as an independent director within ALNY Pharmaceuticals Inc.
Robert Reeves is an attorney with extensive experience. He has successfully helped clients recover financially after natural disasters and worked with corporations in litigation and arbitration proceedings. Furthermore, Robert is highly knowledgeable regarding international tax law and is adept at developing strong relationships with his clients.
Your area of law specialization will play a huge part in how much money you can make. Corporate and commercial solicitors typically make the highest earnings as they handle numerous high-value transactions that require superior intellect as well as exceptional client skills.
Robert Reeves has earned the reputation for being an attorney with strong work ethics and commitment to his clients. Recently, however, he became embroiled in controversy when he publicly chastised an attorney from Middle Judicial Circuit Public Defender’s office allegedly for making personal comments that affected her professional situation. This incident generated significant outrage.
Ron Robins is an accomplished professional with years of experience in taxation management, human resources administration, finance and business administration. As the owner of AmeriSpec Chicago – Xperience Home Inspections LLC offering licensed home, commercial and ancillary inspection services; also an active financial business professional at Xperience Financial; co-owner of Petals Nail Salon & Spa.
Lawyer earnings depend heavily on their clients and firm size; sole practitioners often make less money while large firms typically offer the highest salaries. Furthermore, location has an effect as those in larger cities often earn more than those practicing law in rural areas.
Corporate law lawyers are among the highest-paid attorneys, according to Above the Law. On average, corporate lawyers make around $174,000 annually, with some even earning seven-figure salaries. These professionals assist their clients in major transactions for them such as negotiating with government agencies and drafting contracts.
Kerrigan graduated with honors from Southwestern in philosophy, political economy and English before earning her law degree at the University of Texas. Since then she has served as Executive Director of the Kay Bailey Hutchison Center for Business Law & Policy while sitting on various board of directors including Diversified Energy Company, Hornbeck Offshore Services, Nine Point Energy and Alta Mesa Resources as well as Southwestern’s Board of Trustees.
Kerrigan served as Senior Vice President and Chief Legal Officer at Occidental Petroleum Corp, an oil and gas company founded by billionaire Warren Buffett, for over 25 years of domestic and international corporate, government, legal experience. Additionally, she held executive-level officer and team leader positions within the United Nations Security Council’s Commission d’Indemnisation in Geneva Switzerland where she arbitrated losses suffered by international oil companies due to Iraq’s 1990 invasion of Kuwait.
According to her separation agreement, Kerrigan will receive $700,000. Additionally, at least $2.6 million of restricted stock will vest over three years; any taxes due on consideration received are her responsibility.
Scott Offer is an exceptional attorney who consistently earns high returns for his clients. Specializing in commercial litigation, arbitration, and mediation; as well as complex cases involving medical malpractice, personal injury claims, and civil rights; Scott excels at making money work for his clients.
Scott served as a judicial extern to Judge Victor Marrero of the U.S. District Court for the Southern District of New York while teaching legal writing to first-year law students as a Littleton Fellow. Additionally, he sat on both the University of Pennsylvania Journal of International Law editorial board and participated in their Moot Court team.
Flex is an internationally-recognized manufacturing partner dedicated to helping its diverse customer base design and develop products that better the world. He currently leads Flex’s global legal function encompassing government relations, corporate governance, brand protection/security/patents/intellectual property/contracts/litigation/ethics & compliance issues.
As a young attorney, Randal Milch struggled to select his specialty practice area; so he settled on intellectual property law as something close by.
Milch spent 21 years at Verizon and its predecessor companies, solving key legal and policy issues to transform them from an old-fashioned phone company into an innovative technology leader in the digital era. He led public policy, legal, regulatory and government affairs teams for the company as executive vice president and general counsel. Additionally, he oversaw national security matters as well as cyber policy decisions for them all.
Randal Milch, now an NYU professor and co-director of its Center for Cybersecurity. In this episode we speak with him about how government policymakers can address legitimate public concerns regarding technology companies without restricting innovation, economic growth or national security. Furthermore, he touches on why in-house attorneys should prioritize pro bono work.
Nicole Jones works with United Professional Advisors, an independent advisory firm offering investment and insurance services. A graduate from Cedarville University in Ohio, Nicole also spent time as a teacher in China prior to joining United Professional Advisors.
She possesses expertise in advising clients on compliance with state and federal laws, such as the Fair Debt Collection Practices Act and Real Estate Settlement Procedures Act, while helping companies defend against claims by regulators.
Lawyers can earn significant sums of money depending on their specialty and where they practice law. Large firms tend to pay more than sole practitioners, and city lawyers earn more than those in rural areas. A lawyer’s salary also can differ depending on which state he/she resides; some states offer higher standards of living than others. Bankers, financial industries professionals, intellectual property and media legal careers typically command top dollar.