Real Estate Lawyers are highly valued professionals in the legal industry who specialize in dealing with property laws and regulations. They can work in a wide variety of settings, including private firms, government offices, and corporations. As with many professional legal positions, their salary is typically dependent on their experience, location, and job title.
Average Salary
Real Estate Lawyers make an average salary of $171,500 per year, according to the Bureau of Labor Statistics (BLS). This number can range from $62,000 to $220,000 depending on the position they hold. The median wage is equal to or greater than $145,715. The middle 50% of real estate lawyers earned between $112,900 and $197,100.
Salary by Education Level
Real Estate Lawyers with a Doctor of Jurisprudence (J.D.) degree typically start out with a higher salary than those with a Bachelor of Laws (LL.B.) degree. Those with a J.D. can expect to make an average of $179,500, while LL.B holders make an average of $153,500.
Salary by Region
Real Estate Lawyers in certain geographic regions tend to make more money than those in other areas. The top five states for real estate lawyers are Alaska, Connecticut, California, New Jersey, and New York. Lawyers in these states have an average salary range of $227,400 to $239,100.
Salary by Experience
Real Estate Lawyers earn higher salaries with experience, as they gain an understanding of the local laws and regulations in their field. Those with 5+ years of experience make an average of $203,400, compared to those with 1-4 years of experience, who make an average of $132,000.
Salary by Size of Firm
Real Estate Lawyers that work in large companies tend to make more than those in small companies due to the firm’s resources. Those working in firms with 100+ attorneys make an average salary of $207,400.
Salary by Job Title
Real Estate Lawyers may have higher salaries depending on their job title. Those working as Senior Corporate Real Estate Counsel make an average of $233,200, while those working as Associate Real Estate Attorneys make an average of $102,500.
In conclusion, real estate lawyers have an average annual salary of $171,500. However, their salary can range from $62,000 to $220,000 depending on their experience, location, job title, and size of the firm they work at. It is important to note that those with more experience, higher education degrees, work in larger firms, and have different job titles generally have higher salaries.