Law Salary Tools Key Terms
Know key terms for the area of expertise to understand how they affect law salaryWhen it comes to law salary tools, key terms based on area of expertise can help you to find the best tools to use. For example, many salary tools find information based on the position, or title, of an employee. Other factors that can affect salary tools include whether a company is a private practice or a corporate law firm. Salary tools may return different results for a contract lawyer than for an associate.
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Area of expertiseLawyers often specialize, or practice law in a specific area of expertise. The specialization often affects salary ranges. A public defender may make less money than a lawyer specializing in personal injury.
Private law practiceLawyers who decide to go into a private law practice often expect a better salary than those working at a corporate law office. This can often depend on their area of expertise, the number of years experience that they have, the location of the practice and other factors.
Corporate law office salaryA corporate law office salary can sometimes be less than a lawyer could make going into a private practice, but a corporate firm can often offer incentives a lawyer can't get venturing out on her own. Using salary tools that compare corporate salaries can help you determine what to offer.
Bureau of Labor Statistics provides an overview on corporate law careers and compares the average salary for a corporate lawyer to that of other areas.
Contract attorneyA contract attorney's salary depends on the type of work he or she performs. Usually a contract attorney agrees to a set fee or a set hourly wage prior to starting the contract. Once the contract starts, the attorney makes the agreed fee for the duration of the project.
Law associateIn corporate firms, there are class levels of employment, which affect the salary. Most entry level lawyers begin at the associate level. A partner is usually at a higher class level than an associate.
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