by adare » Thu May 17, 2012 9:29 pm
To be any kind of lawyer you have to graduate from college, get into law school, graduate from law school and pass the bar exam. That takes nearly 8 years. Then the newly minted lawyer will practice in the area he or she chooses of lucky. Business lawyer is a very broad term. It can encompass anything from negotiating contracts to giving advice to businesses on a wide array of things. Salaries vary widely based upon location within the US, years in practice, the firm with which the lawyer becomes associated and the ability of the lawyer. Starting salaries are above $100K in most major cities and those new lawyers are worked to the bone to earn it. After being an associate for a number of years (usually around 8-10 years) if the lawyer is good enough he is offered a partnership. At that point his income should go up into the multi six figures. BUT, the economy now is lousy even for lawyers so the traditional salary ranges I have set forth above are often not being met.