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This is a list of global law firms ranked by profits per equity partner (PPEP) in 2021. [1] Firms marked with "(verein)" are structured as a Swiss association . These are estimates and equity partners can make vastly different salaries inside the same firm.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
As of 2022, the pay for ALJ-3, including locality adjustments, ranges from $136,651.00 per year to $187,300.00 depending on the particular locality and advancement from rate A to F. [7] As of 2022, pay for ALJ-2 and ALJ-1 is capped at $187,300.00 based on salary compression caused by salary caps based on the Executive Schedule.
According to the U.S. Bureau of Labor Statistics Occupational Outlook, the median pay for lawyers in the U.S. in 2022 was $135,740. In Illinois, it was $152,980.
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Though lawyers earn above-average salaries, law students typically graduate with over $100,000 worth of debt. The amount of debt you take on will be based on the type of school you attend (public ...
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
A small percentage of graduates from prestigious law schools working for large law firms earn salaries near $160,000. However, most graduates working for smaller law firms, government, and non-profit organizations earn about $40,000 to $60,000. According to IRS data, the average solo practicing attorney earned $49,130 in 2012. [4]