What type of lawyer makes the most money in California?

California is where more than the third of top lawyers in the USA earn their money by. Finally, it is the field of law within the State of California that commands the biggest paychecks? To benchmark any law firm in California, it's essential to look at the sectors where lawyers are making the most money. Here's a look at the most lucrative law practices in California based on average annual salary data:

Trial Lawyers

While trial lawyers are among the highest paid lawyers in the state of California; These cases cover plaintiffs' lawyers who sue for damages arising from products liability, exposure to medical malpractice, and other personal injury claims and wrongful death suits. They receive their fees on a contingency basis. And the last part is criminal legal aid attorneys and suffering attorneys as well. In California, highly seasoned lawyers employed by the leading law firms are capable of making not less than one million dollars annually.

Corporate/Business Lawyers

The group of the attorneys, the ones working for big companies or business transactions, same as the leading contingency, is on the top of the list of the highest paid lawyers in the state. Apart from liaising with corporate counsels in the context of mergers and acquisitions, venture capital and private equity transactions that are worth more than $500,000 per annum. Partners in law firms in the areas of corporate, securities, tax and other business law subjects are particular ones who take a home of salaries close to, or exceeding, 7 figures.

Intellectual Property Lawyers

California is in an increased demand for professional attorneys who specialize in intellectual property that covers such fields as patents, trademarks, copyrights, and trade secrets due to the strong tech, entertainment and life sciences industries situated in Silicon Valley and Los Angeles. IP lawyers endowed with specialized technical coursework might achieve even $300,000 in annual remuneration. An IP manager or the head of a law firm may make about a million dollars a year.

Thus, lawyers who are at the top of the income ladder in California belong to selective areas of litigation and transactional (corporate and intellectual property) practices, usually companies equipped with the best reputations. The state is among the leading jurisdictions in the country for the largest law firm revenue. The pay for the wealthiest attorneys is unquestionably substantial.