What lawyer$ earn
Author | Jason Tashea |
Pages | 42-44 |
42
In the decade sin ce the Great
Recession, wages fo r private
lawyers have risen, with
the average salary n ow at
$144,230. H owever, digging
deeper into a collec tion of
data released in t he last
year-and-a-half shows the
wealth is not being s hared
equally across gender,
region, client t ype and
practice areas .
“There’s a fair bit of income in-
equality—t hat is not unique to the
legal profession. At the very top of the
profession, people are ext remely well-
com-
pensat-
ed,” says Jon
Lindsey, a partner
at Major, Lindsey &
Africa. “T here’s lots of law-
yers who aren’t at big rms, who
aren’t partners, who aren’t rain makers,
who are making a frac tion of what those
folks are makin g. It depends on where
you are in the scheme of thi ngs.”
The big winners—as in other areas
of the U.S. economy—are those already
winning, according to the ABA Pro le
of the Legal Profession, released at the
ABA Annual Meeting in San Francisco in
August.
With hubs for technology and
media, Cali fornia hosts four of the
top 10 highest
lawyer wage-
earning met ro
areas: Silicon
Valley and
San Francisco—
r a n k i n g r s t
($207,950)
and second
($183 ,07 0)
—and Los A ngeles
and the Ventura area—r ank-
ing fourth ($176,020) and sixth
($172,900). The Washington, D.C.,
metropolitan are a, which includes
parts of Mar yland, Virgi nia and
West Virginia, i s third at $179,980.
This data, compile d by the
Bureau of Labor Statist ics and
released in May 2018, only includes
wages and excludes self-employed
attorneys as well as compens ation
in the forms of bonuses or pro t-
sharing, which a ffects equit y
partners.
In the middle of the top 10 is
Houston, where many rms base
their energy practices and attorneys
pull down $175,380 on average.
America’s na ncial center, New
York City, and its bedroom com-
munity, Stamford, Con necticut,
nd them selves at seventh and
WHAT
LAWYER$
EARN
BY JASON TASHEA
1 Silicon Valley ($ 2 07, 9 5 0)
6 Ventura area ($172 ,900)
4 Los Angeles ($176,020)
2 San Francisco ($1 83 ,070)
INSIDE
THE
LEGAL
PROFESSION
INSIDE
THE
PROFESSION
LEGAL
ABA JOURNAL | SEPTEMBER–OCTOBER 2019
Photos by YinYang/E+, Cimmerian/E+; illustrations by LAUDISENO/iStock/Getty Images Plus, PeterSnow/iStock/Getty Images Plus, Tatomm/iStock/Getty Images PlusTatomm/iStock/Getty
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