The lawyer’s salary is not a secret: New York City-based law firm Hogan Lovells pays an average of $3,300 per month to its top-tier attorneys.
In 2018, the firm reported $2,937,000 in total compensation.
The firm has a staff of more than 5,500 attorneys, with about $2 million in annual revenue.
The law firm’s top-ranked attorneys earn $1.8 million annually.
This year, the top-paid lawyer earned $1,897,000.
That’s a 25 percent raise from 2017.
And the firm’s biggest earners are the top three: the firm made $1 million last year and is currently on pace to make $1 billion.
But even the top earners are making less than their colleagues.
The average lawyer’s annual salary is $3.,000.
Hogan Lovelts top paid lawyer, for example, earned $2 billion last year.
The top-ranking lawyer earns $1-million.
The bottom-ranked lawyer earns less than $200,000, according to the firm.
For more on what it takes to be a lawyer, check out our infographic on what lawyers do.
A lawyer’s compensation is determined by his or her salary, including bonuses and a retirement plan.
A good lawyer can earn up to $6 million annually if he or she is a partner.
It takes a little more than that to get the top lawyers and top-performing firms in the business.
But in the big picture, there are a lot of perks in law: a generous retirement plan, a home in the Hamptons, and even a boat.
The Lawyer’s Salary infographic above is based on salary data provided by the law firm.
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