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Salary Structure Of Lawyers In Nigeria

Salary Structure Of Lawyers In Nigeria

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. 

In Nigeria, the legal profession is regarded as one of the most prestigious. Law students are held in the greatest regard by their peers at university because of their excellent command of the English language and ability to understand things that others do not. 

Now the big question is how much do lawyers earn in Nigeria. Well, this is what this post is all about. Keep reading, we got it all covered. 

Before we delve into lawyers’ remuneration in Nigeria, let’s take a look at some factors that determine the salary of a lawyer.

Experience

 One of the elements that determine a lawyer’s salary is his or her experience. The legal profession is heavily reliant on previous experience. Each lawyer is qualified based on his or her experience in a certain area of law. As a result, a lawyer with greater experience is likely to earn more.

Size of the law firm or company

A lawyer’s income is determined by the size of the law firm or company where he or she works. A lawyer who works for well-known companies or legal firms will earn more than a lawyer who works for a lesser-known firm.

Ability to work hard

A lawyer’s ability and determination to work hard is another consideration. If a lawyer is serious about making money, he will do so if he knows what he is doing. This is because the Nigerian legal profession allows lawyers to pursue a variety of activities that are nonetheless related to law.

Salary Structure Of Lawyers In Nigeria

In Nigeria, the average monthly compensation for a lawyer working for a legal firm or a company is N50,000. 

However, it is critical to understand that a lawyer’s actual income in Nigeria is limitless. 

By simply signing a contract or representing a firm in court, a Nigerian lawyer can earn up to N1,000,000.

In every law firm, there are four degrees of lawyers: interns, junior associates, senior associates, and partners. Now let’s look at their salary structure. 

Interns

These are lawyers who have not yet been hired by a legal firm. They normally work for a few months before leaving the company. 

After graduation, interns may be assigned to legal firms or law firms may simply recruit them to work. 

In Nigeria, just a few law firms pay their interns. The monthly amount varies between N15,000 and N30,000 as an intern lawyer. 

Junior Associates

These are the types of lawyers who have just been recruited. Most times they have no work experience yet. They are referred to as junior associates because they are yet to prove themselves in the Firm. Lawyers at this level are paid between N30,000 to N100,000 per month, depending on the size of the firm or company. Junior Associates are paid about N100,000 per month in good law firms.

Senior Associates

These are attorneys who work exclusively for the firm. To put it another way, their employment is virtually secured. 

You must have worked in a law firm for at least 3–5 years to become a senior associate. 

Depending on the size of the company, their monthly remuneration ranges from N50,000 to N300,000 with additional benefits such as medical care others in addition to their monthly salary. 

Partners

These are the big boys. Recall that I earlier stated that remuneration in the legal sector is primarily tied down to experience. 

How long have you been called to the bar? how many cases have you won? all these matters in the legal profession. 

As a lawyer, you will earn more money if you have more experience. 

Partners are often people who founded the firm and have been practicing for at least three to five years. 

A law firm partner’s remuneration is unquantifiable because it is based on the firm’s revenue. 

A partner can make between N500,000 and N10,000,000 per month on average depending on how big the firm is.

How Much Do Companies Pay Lawyers?

Before a company considers engaging a lawyer as a full-time staff, it must be a stable and well-established company. 

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

There is no limit to how much a lawyer can earn monthly. It depends on how much quality work the lawyer is ready to put in. We have seen lawyers that are gainfully employed in a company still offering personal consultation services and at the same time running a legal firm as a partner. 

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