Which Type of Law Makes The Most Money

It isn’t always easy to discern the difference between a high-paying, fruitful career track and a great big dead end. If you’re about to embark on a path that will take you into the realm of law, then it’s one of the big questions: who makes the most money, and where are the clients? Then again, you might want to ask yourself where you’ll make the biggest impact for the most people, or where you’ll have the most fun and gain the best life experience. Answering those other questions is up to you, if law is what you plan to do with your life. These are the lawyers that make the most money in their given fields!

Medical-legal malpractice lawyers earn a median salary of about $86 thousand per year. If the hospital screwed up big time during an important surgery or your doctor prescribed the wrong medication and set your loins on metaphorical fire, then you’ll need one of these bad boys to set the world to balance. They are also important figures in determining the outcome when you have to sue a different lawyer.

Third from the top is the business lawyer, who enters the fray with a median income of $96,533. The fact that they’re so close to the top of the list should come as little surprise. Every business or corporate entity out there needs one of these lawyers, and most provide a ton of billable hours. If you haven’t been sued yet, then you’re not a real player in the world of business.

Tax lawyers make a median income that just barely hits over a hundred thousand–which makes sense because most of us love keeping our hands on as much of own money as we can. This might be one of the most boring legal professions out there, but it’s certainly one of the most important.

At the top of the list is the intellectual property lawyer with a median salary way above the rest: $141,763. It’s not too surprising that lawyers who specialize in IP make the most money right now since IP law is constantly evolving to meet the needs of a newer, more digitally inclined world. For the most part, they help prevent theft of an individual’s intellectual properties–think movies, music, art, or Facebook (yes, it’s a very long list–almost anything can be considered intellectual property these days).

When many of us think of lawyers, we think of super-rich legal heavyweight champions who devote nearly every waking moment to the cause of justice (or injustice). As it turns out, that’s not true. The median salaries for most lawyers are close to six-figured but not quite there yet. Considering the hefty price you pay just to find your way into the fighting pits, working your way into the colosseum might not be worth the time or money when there are so many other alternatives out there these days.