Salary Structure of Lawyers in Nigeria ( 30,000 Minimum Wage)
Salary Structure of Lawyers in Nigeria ( 30,000 Minimum Wage): Do you know how much lawyers earn? This question has been gaining ground for a long time, before anyone delves into the law profession, they first analyze the remunerations, and other benefits attached to the law profession
The clarity, a lawyer is a professional, who studied law, awarded a certificate, to a large extent, proceeds or furthers their course in the Nigeria Law school and offers advice about the law or represents someone in legal matters
A lawyer is a professional who is qualified to offer advice about the law or represent someone in legal matters. Before you can serve as a lawyer in Nigeria, you have to be called to the bar on graduation from the Nigerian Law School.
One thing a love about Lawyers and the law profession is their Command of English, Mechanical accuracy, and the use of Verbs, if you have been to a court of law, you will definitely see English grammar in full display
This post will carefully look at how much lawyers earn in a legal firm or a company in Nigeria, their allowances (if any) will be carefully looked into
The salary structure of lawyers just like every other profession is based on qualifications attained, Levels of Experience, and the Size of the firm.
Qualifications attained
Not all lawyers have gone to Law schools, those who have gone to the Nigerian Law schools and passed, are well paid than others who did not
Unfortunately, not all law students who finished the university have the opportunity to the admitted into the Nigerian law school
Level of Experience
Your level of experience is also a factor, it determines how you win cases and bring clients to your firm, and the more the clients, the more the cases you win, the more money flows into your firm. Each lawyer is qualified based on his or her experience in a certain area of law
The Status and Reputation of the Firm
We all know that lawyers who work in reputable and popular legal firms earn more than those who work in an unpopular legal firm
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Salary Structure of Lawyers In Nigeria
On average, a lawyer working in a legal firm or a company gets N50,000. Per month. This is because the Nigerian legal profession allows lawyers to pursue a variety of activities that are nonetheless related to law.
This is to tell you that, a lawyer’s actual income in Nigeria is limitless, they earn better when they sign documents, win cases, and lots more
I have seen a lawyer who hits it big by representing a firm in court, some get over N700,000 at a go for signing contract papers or documents
The Salary Structure of Lawyers will be seen from these angles; interns, junior associates, senior associates, and partners.
Interns
A lawyer who is employed as an intern earns less than N50,000 per month, depending on the firm and the states involved
This is so because a lawyer who does an internship is not a full lawyer, he or she leans on the job and may leave and start elsewhere
It is a must for a fresh graduate to do intern, this is to help the law graduate get some firsthand experience
Junior Associates
Unlike the intern, a Junior Associate is fully recruited by a legal firm and earns decently, though a Junior Associate may not have the professional experience at the moment
A Junior Associates earns between N100,00 to N150,000 per month, depending on the size of the firm or company. Places like Lagos, Abuja, and other big cities may pay even higher.
Senior Associates
You must have worked in a law firm and gained some wealth of experience for at least 3–5 years to become a senior associate.
Salary ranges from N100,000 to N300,000 per month with allowances like transportation and medical care benefits attached to their monthly salary, depending on the size of the company,
Partners
A partner can make between N500, 000 and N10, 000,000 per month on average depending on how big the firm is.
Partners in the legal profession are the Bosses, they own a firm, have wealth of experience (3 to 5 years) in a specific area of the law, and have the capacity to offer legal advice to governments, companies, individuals, etc
Lawyer to a Companies Salary
Organizations like Banks, Oil and Gas companies, Telecommunication companies, Real estate companies, and the rest have in-house lawyers that handle their legal concerns.
The salary of lawyers under a full-time arrangement with companies ranges from N200,000 to 5,000,000 monthly depending on the lawyer’s experience.
Conclusion
Lawyers in Nigeria earn decently, more reforms are ongoing in the legal profession and serious wage adjustments will be made as the nation passes the new minimum wage bill into law for all the states