Contrary to popular belief, divorce lawyers do not win all six figure salaries. The average domestic relations lawyer earns about $ 96,000 a year, the partners of law firms earn much more than the associated lawyers. This does not mean, however, a family law attorney potential can expect to earn this figure as a matter of routine. Real incomes fluctuate based on a variety of factors.
Education and Experience
A lawyer graduated from a law school first class with excellent grades will be more likely to get a job in a company of elite, where salaries are commensurate with the educational pedigree lawyer. Among the lawyers of the same educational background, those with experience usually earn more than graduates since his time have a higher rate of turnover and have had more time to build a clientele.
Like in real estate, location is an important factor concerning national laws. In general, lawyers practicing in large cities charge higher rates and earn higher than those who have established their offices in small towns or rural areas, largely due to variations in the cost of living and income wages of potential customers. The lawyers of large cities, however, may earn less than their rural counterparts if they live in economically depressed areas.
The clientele of a divorce lawyer has a marked effect on income. In general, lawyers attending a wealthy clientele can charge more for their services a business lawyer whose clients come from middle and lower class. Although this comes in part on the willingness and ability to pay for wealthy clients, also from the fact that wealthier clients tend to have more complex and higher liability problems.
The high proportion of marriages that end in divorce is not necessarily translated into a client for divorce lawyers. While having a steady stream of clients needing representation is important for maintaining a healthy practice, it is even more important to have a steady stream of customers who can pay for such representation. A high overall unemployment rate means fewer customers able to pay a divorce attorney, and the poor performance of the economy in general produces lower values of retirement accounts and investments that many customers use to finance their divorce litigation.
Despite their education, experience and position in terms of geographic location and placing on the market, the income of a divorce lawyer will depend largely on your work ethic and the amount of time you are willing to invest in their practice. In private practice, many lawyers will have the luxury of creating your own schedule, a lawyer who devotes his time to do the job, get customers and promote their practice usually earn more than one who devotes his time to the family, hobbies and other leisure activities.