The average salary of a corporate lawyer
Corporate lawyers handle cases that involve business and industry. The average salary of a corporate lawyer varies depending on length of employment, education level, type of employer and area of speciality.
Corporate lawyers with one to four years of work experience in the field earned annual salaries of £42,816 to £79,378 as of July 2009. The average salary range for corporate attorneys with five to nine years of experience was £61,472 to £96,185.
The income of corporate lawyers with 10 to 19 years of experience in the field was £64,897 to £110,976 in July 2009.
In July 2009, the highest paying employers of corporate lawyers were private legal practices, where attorneys earned maximum salaries of £102,876, while hospitals were one of the lowest paying employers with salaries of £95,886.
Specialities of Law
The highest paying speciality for corporate lawyers was real estate in July 2009. Real estate attorneys averaged a maximum annual salary of £110,544. The lowest paying speciality was litigation and appeals with a maximum salary that averaged £95,444.
In July 2009, corporate lawyers with juris doctor degrees earned the highest average maximum salaries of £100,342 to £111,716. Those with a bachelor's degree in law earned the lowest maximum salaries at £66,812.
In July 2009, many corporate lawyers received additional benefits that increased their overall compensation packages, including 1.9 to 3.5 weeks of paid vacation time and average annual bonuses of £5,290 and £16,742.