There are two types of people in the world. One who thinks that it rains money in the house of lawyers and the others who imagine a drought. It’s time to change the frequency of your thoughts if you’re lying anywhere in that range. This article explains in detail about the work, income, and growth rate of lawyers in India. So, if you’re curious to find the answer to the question – How much money a lawyer makes in India? Keep reading.
Who are Lawyers?
Everyone knows who they are. But, not really, do they know it in detail. You know you got to call a lawyer when there is a judicial complication in your business or family, but did you know that a lawyer can help you with your taxes? That’s true. Taxation Law is in the list of specializations which a lawyer chooses from. In the list below, we talk about the different types of lawyers and their jobs.
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Patent Law
A lawyer who protects the intellectual property of an individual has studied the specialization of patent law. Intellectual property is the creation of an individual like songs, blogs, articles, photographs, and websites. A patent lawyer helps in the copyright infringement cases of intellectual property.
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Criminal Law
The word is self-explanatory. Lawyers working under criminal lawn defend and protect the rights of their clients when they are accused of any criminal charge under the Indian Penal code. These lawyers are more experienced than the other kinds of lawyers and their salary is comparatively more than their peers. The people who wonder how much money does a lawyer make, they must know that the criminal lawyers earn the most in comparison to the other lawyers.
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Taxation Law
A tax attorney is a lawyer who specialized in the tax laws of a country. These well-read individuals deal with the legal tax issues and help companies and individuals to file their tax returns. Depending on their expertise and experience, a taxation lawyer can earn more than INR 20 lacs per annum if they are placed in a good company.
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Labor Law
These lawyers are common in the corporate world because no company works without them. In a business setting, you cannot avoid the complications between an employer and employee. This is where the Labour Lawyers help in negotiating and settling the disputes. They also work with the labour unions of teachers, police, taxi drivers, and bus drivers.
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International Law
An international attorney specializes in handling the conflicts between different countries in the world. Their job is to legally solve the international disputes between companies or criminals with their critical and analytical thinking.
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Family Law
A family attorney specializes in dealing with the legal complications in a family. These can be adoption, divorce, child custody, or paternity. The main job of the attorneys is to represent the family defending and fighting the case in the court of law.
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Constitutional Law
The job of Constitutional attorney is way more difficult than the others in this section. They are the ones responsible for creating or defending a law or right, which is mentioned in the Constitution of India. They also prepare the list of laws for the State and Government’s ideal functioning.
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Corporate Law
The attorneys who practice and gain experience in fighting for commercial cases are termed as Corporate lawyers. They can be recruited by a company instead of working at a law firm because their job is to negotiate deals, prepare documents, and asses partnership of the serving company.
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Administration Law
If there’s any case concerning the local bodies or government, you visit an administrative attorney. They help in challenging the government against a law that affects your business or personal life.
How much money does a lawyer make in India, depending on the position?
The position and the workplace of the lawyer decide his salary or income. Mostly, lawyers are not employed by any firm or work under a company, they charge individually for the cases that they take. This constitutes their income. So, deciding on a number that gives an estimate of their earnings can be difficult.
If the lawyer works under the government, his salary is sure to increase by a substantial margin over the years. Why do we say this? Because experience plays a key factor in the growth rate of lawyers in the world. When the government pay commission is revised, the State increases the pay of lawyers depending on their experience and tenure. So, there is no clear answer to the question of how much money does a lawyer make. We can only provide an estimated number.
Similarly, in the corporate world, lawyers are paid on the basis of their tenure in the company. These places hire Corporate lawyers that help them negotiate a deal with the company at competitive profits. Sometimes, the company offers incentives based on the cases the lawyer completes. In a corporate setting, a fresher in law receives INR 25000 to INR 50000 as his monthly salary.
Wondering about the criminal lawyers’ income in India? They are as high as you expect. The criminal lawyers with the benefit of experience on their hand charge on an hourly basis. Their charges start from INR 80000 per hour and the end limit is infinite. For a beginner working at a law firm, the charges are much less.
Conclusion
Thinking about lawyer salary, India offers a development platform for the lawyers due to the increasing number of cases that the courts see. In different courts, the salary that the lawyers who fight cases in the court (Litigation Lawyers) receive varies. Junior lawyers are paid from INR 7000 to INR 26000 per month when they are studying under a senior.
The lawyer income in India depends on the individual’s capacity to fight cases and win them. A lawyer with a higher success rate always has the right to increase his rates and the clients will have to pay them accordingly. When the demarcation of your experience reaches five to eight years, you can start your own law firm. With this, you would exponentially increase the time frame within your cases are solved and the use of other minds will help you achieve better victory rates. We hope that you found the answer to the question in your mind – how much money does a lawyer make.
