The U.S. Department of Labor Bureau of Labor Statistics reports that in 2012, the median income for American lawyers was $9,461 a month. Earnings vary widely by industry, experience and location of employment.Continue Reading
According to the U.S. Department of Labor, the bottom 10 percent of earners reported $4,525 a month in income for 2012, while the top 10 percent brought in more than $15,600 a month. Lawyers working in the fields of finance and insurance reported the highest earnings. Lawyers employed by the federal government and those providing legal services to individuals were the second and third highest earners, respectively.
U.S. News & World Report states that lawyers employed in San Francisco, Calif., San Jose, Calif. and Dothan, Ala. earn the highest average salaries in the nation.
By 2022, the U.S. Department of Labor expects to see a 10 percent increase in employment opportunities for lawyers. Individual law firms are projected to remain as the top employers of lawyers, but sharp growth is anticipated in corporate settings, as businesses expand their in-house legal services.
Law360 reports that with the exception of the Northeast region, average lawyers' salaries are expected to increase steadily across the nation as demand for lawyers outpaces new entrants to the field.Learn more about Salaries