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How Lucrative Is The Legal Profession? - Career (2) - Nairaland

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Re: How Lucrative Is The Legal Profession? by blaksril(m): 4:39pm On Dec 10, 2018
It's very lucrative. Carve out a niche for yourself. Most preferably in corporate/finance law. Certifications can help but you've got to break your bones by producing quality work. Let your work speak for itself. One deal in corporate law is wink and there loads of them. Just build up your experience (I didnt say certification) so you can put out quality work.

5 Likes

Re: How Lucrative Is The Legal Profession? by pheforusty(m): 4:39pm On Dec 10, 2018
TissuePaper:
what is my purpose of going to school if not to make money and live a good life.
.
Hmm, this is a very dangerous thought, going to school doesn't guarantee you will make money.
Life outside school is another ball game.
Be ready to learn and unlearn.


Be a stream and not a rock

4 Likes

Re: How Lucrative Is The Legal Profession? by pocohantas(f): 4:40pm On Dec 10, 2018
Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:41pm On Dec 10, 2018
Excelboi:
Very lucrative if you know your way. For the new wig, it might be rough and discouraging but in all sincerity, it's just a matter of time. Many lawyers are making it big. In my own chambers, We have very good briefs as we handle election petitions and property deals.

Many chambers pay very poor some as low as 10k and this is due to the seniors in the profession, They are not helping matters. Don't eye the money for now, focus on acquiring skills then establish your own chamber. I'm still learning as well and that doesn't discourage me.

See the likes of Yusuf Alli, Wole Olanipekun, Ahmed Raji and Co. Some of them may be poorly paid then or not even paid at all, but now they command billions as professional fees... Just try and learn the act of soliciting and how to draft legal documents well.

Some lucrative aspect of law are;
Property deals
Election petitions
Tax law
Arbitration


Thank You
thanks a lot my learned colleague, how do you see maritime law ?
Re: How Lucrative Is The Legal Profession? by Yankee101: 4:42pm On Dec 10, 2018
Too much hustle

Senior colleagues blocking you like Jakie Chan

Big chambers paying you just 20k after graduation in the name of Yeye training

CAC don demystify company registration. You can do everything online now. That used to be the saving grace for lawyers. Not so much anymore.

Courts dey give senior colleagues like SAN (which is up for sale) undue advantage for court

7 Likes

Re: How Lucrative Is The Legal Profession? by queenfav(f): 4:45pm On Dec 10, 2018
If i start to talk o.. Uhm *catwalks away to sell my hair * I could have been in chambers, no regrets "na my business pay pass"!

5 Likes

Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:45pm On Dec 10, 2018
SweetBuns:
I'm not a law student but Nigeria is not about what you know but who you know. When you start uni, start looking for people to connect with. It will help you, even now. You're at crossroads my friend. wink
i'll keep that in mind
Re: How Lucrative Is The Legal Profession? by Kay17: 4:47pm On Dec 10, 2018
TissuePaper:
Please nairalanders, I'm a final year law student and I just wanted to get first hand information on how lucrative you think the legal profession is, I've heard stories of lawyers graduating and working in a chambers where they are paid 15k per month... Pls how true is this and I'll like to know which branch of law I should specialize in that will fetch me more money.


Your inquiry is a trifle too late, isn't it? Are you going to make a reverse back in time before you embarked on this career?
Re: How Lucrative Is The Legal Profession? by CaptainMitch: 4:47pm On Dec 10, 2018
My oldman is a lawyer, each case he handles gives him 7 figures, make sure you study really hard, so you can get good grades and placement in good firms, law is very competitive.

TissuePaper:
Please nairalanders, I'm a final year law student and I just wanted to get first hand information on how lucrative you think the legal profession is, I've heard stories of lawyers graduating and working in a chambers where they are paid 15k per month... Pls how true is this and I'll like to know which branch of law I should specialize in that will fetch me more money.

3 Likes

Re: How Lucrative Is The Legal Profession? by SweetBuns(f): 4:47pm On Dec 10, 2018
TissuePaper:
i'll keep that in mind
wink
Re: How Lucrative Is The Legal Profession? by Gavel(m): 4:49pm On Dec 10, 2018
I think you face the risk of starting up on a wrong footing. Life is in stages. Focus more on finishing and getting called to bar. Then acquire some years of practical legal experience and build your practice. Just be dedicated and make the right choices. You may be lucky to get into a chambers that pays counsel well. Remember that ultimately you are applying yourself to being independent some day.

6 Likes

Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:49pm On Dec 10, 2018
pheforusty:
The purpose for your study has been defeated.
You're asking the wrong question.
Why did you study law?
Is it a passion ?
or a means to make money?
Go back and ask yourself these questions.
it's really sad you're asking such question in your final year.
i've actually asked myself these questions but I just want to know if when I become a lawyer things will be a bit easy financially

2 Likes

Re: How Lucrative Is The Legal Profession? by paix(m): 4:52pm On Dec 10, 2018
I think there're more lawyers than court cases these days. People hardly eat one meal a day, who go fit hire lawyer?

6 Likes

Re: How Lucrative Is The Legal Profession? by Excelboi(m): 4:52pm On Dec 10, 2018
TissuePaper:
thanks a lot my learned colleague, how do you see maritime law ?
Maritime is also another lucrative aspect of law. But my friend, please tune down your desire to hit it big with few years of practice. Just be passionate and everything will solve it self including the money.
Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:53pm On Dec 10, 2018
Kay17:


Your inquiry is a trifle too late, isn't it? Are you going to make a reverse back in time before you embarked on this career?
lol, no.. But it's sure going to prepare me for what is to come

1 Like

Re: How Lucrative Is The Legal Profession? by ikhileomotayo: 4:54pm On Dec 10, 2018
TissuePaper:
i've actually asked myself these questions but I just want to know if when I become a lawyer things will be a bit easy financially

That's a skewed way of thinking bro. Law is a professional course. Your success depends on your doggedness.

You could work in s company as a legal adviser, in a big chambers, you could go into property law and handle real estate, you could be into politics as a PA to a politician, the list is endless.

Right now your focus should be on graduating with good grades so these opportunities are there for you

2 Likes

Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:54pm On Dec 10, 2018
queenfav:
If i start to talk o.. Uhm *catwalks away to sell my hair *
I could have been in chambers, no regrets "na my business pay pass"!
lol queenfav I also need your opinion o, I know you studied law
Re: How Lucrative Is The Legal Profession? by Daminovic: 4:54pm On Dec 10, 2018
Excelboi:
Very lucrative if you know your way just that many lawyers settle for less. For the new wig, it might be rough and discouraging but in all sincerity, it's just a matter of time. Many lawyers are making it big. In my own chambers, We have very good briefs as we handle election petitions and property deals.
To wet your appetite, do you know a single case can fetch you millions and nothing technical, just smartness. Law is a kind of profession that you can leave home penniless and return home with millions. That's a fact.

Many chambers pay very poor some as low as 10k and this is due to the seniors in the profession, They are not helping matters. Don't eye the money for now, focus on acquiring skills then establish your own chamber. I'm still learning as well and that doesn't discourage me.

See the likes of Yusuf Alli, Wole Olanipekun, Ahmed Raji and Co. Some of them may be poorly paid then or not even paid at all, but now they command billions as professional fees... Just try and learn the act of soliciting and how to draft legal documents well.

Some lucrative aspect of law are;
Real property
Election petitions
Tax law
Arbitration
Banking & Corporate finance
Telecommunications

I Will advise you try and also seek specialization in the area that is not saturated such as Cyber crime law, Intellectual property law etc. Try and distinguish yourself...

PS: Don't mind this guy's below saying discouraging things, they are not learned and just speculating on mere say.
Thank You

I love this. Vital points pointed out.

1 Like

Re: How Lucrative Is The Legal Profession? by Daminovic: 4:57pm On Dec 10, 2018
cheesy
TissuePaper:
lol queenfav I also need your opinion o, I know you studied law


If u click on her page and you go through her old post you will know more. Her frustration that year ehn.

1 Like

Re: How Lucrative Is The Legal Profession? by paix(m): 4:57pm On Dec 10, 2018
TissuePaper:
i've actually asked myself these questions but I just want to know if when I become a lawyer things will be a bit easy financially
Can't you see people don't visit the hospitals again, considering the charges. They prefer to visit the herbalist which they find cheaper than visiting the doctor. There's hunger in the land my brother. But don't be discouraged, things might just change for the better. Good luck though.

1 Like

Re: How Lucrative Is The Legal Profession? by Olumeme: 4:58pm On Dec 10, 2018
To be sincere with you, law in Nigeria is crap and highly overrated, I have a first class law school graduate who get 5k per week in abuja, the senior lawyers are extremely greedy and don't want to pave ways for the younger ones, except you have a very rich parents or you have senior family members who are ready to sincerely carry you along, you're on a long thing.

I'll rather advice someone study business administration, banking and finance or accounting than law.
If there's anyway you can change or tilt towards this line mentioned, it'll be better.

3 Likes

Re: How Lucrative Is The Legal Profession? by TissuePaper: 4:59pm On Dec 10, 2018
ikhileomotayo:


That's a skewed way of thinking bro. Law is a professional course. Your success depends on your doggedness.

You could work in s company as a legal adviser, in a big chambers, you could go into property law and handle real estate, you could be into politics as a PA to a politician, the list is endless.

Right now your focus should be on graduating with good grades so these opportunities are there for you
very nice, thank you sir
Re: How Lucrative Is The Legal Profession? by seunH: 5:00pm On Dec 10, 2018
Sorry guys but why is no one talking Entertainment Law, I guess few people are into it and it seems quite lucrative considering the amount of record labels and signings that are proliferating today...!!!

4 Likes

Re: How Lucrative Is The Legal Profession? by salford: 5:02pm On Dec 10, 2018
Lucrative if you have connections, else you will spend most of your career chasing charge and bail cases.
Re: How Lucrative Is The Legal Profession? by TissuePaper: 5:03pm On Dec 10, 2018
Olumeme:
To be sincere with you, law in Nigeria is crap and highly overrated, I have a first class law school graduate who get 5k per week in abuja, the senior lawyers are extremely greedy and don't want to pave ways for the younger ones, except you have a very rich parents or you have senior family members who are ready to sincerely carry you along, you're on a long thing.

I'll rather advice someone study business administration, banking and finance or accounting than law.
If there's anyway you can change or tilt towards this line mentioned, it'll be better.
hmm are you suggesting I get a second degree after graduation
Re: How Lucrative Is The Legal Profession? by pheforusty(m): 5:07pm On Dec 10, 2018
TissuePaper:
i've actually asked myself these questions but I just want to know if when I become a lawyer things will be a bit easy financially
There are no metrics in life to determine that, let your passion lead you not money, I'm saying this because your expectation and reality may not pan out.

1 Like

Re: How Lucrative Is The Legal Profession? by Softhands(m): 5:09pm On Dec 10, 2018
There are lots of cases lying fallow in the police station...some wrongly accued of what they never did...start by owning a Twitter account...tell people to report cases of police brutality...build your portfolio, na you go see work run sef... No be money? You go chop you go tire!
TissuePaper:
Please nairalanders, I'm a final year law student and I just wanted to get first hand information on how lucrative you think the legal profession is, I've heard stories of lawyers graduating and working in a chambers where they are paid 15k per month... Pls how true is this and I'll like to know which branch of law I should specialize in that will fetch me more money.

3 Likes

Re: How Lucrative Is The Legal Profession? by bolinjkezzy(m): 5:12pm On Dec 10, 2018
lawani:
Law is lucrative if you consider any society, you will see that many lawyers make it more than engineers and doctors
Lawyers make it better than doctors? Where did you get your statistics
Re: How Lucrative Is The Legal Profession? by Geesaintagape: 5:12pm On Dec 10, 2018
I'm not sure u are a law student
Re: How Lucrative Is The Legal Profession? by queenfav(f): 5:19pm On Dec 10, 2018
Daminovic:
cheesy


If u click on her page and you go through her old post you will know more. Her frustration that year ehn.
lol.. Chai, God is good sha!Frustration then eh. I. Almost start to talk waka!

1 Like

Re: How Lucrative Is The Legal Profession? by dogooder: 5:25pm On Dec 10, 2018
It will not be lucrative for you if you are not a liar

1 Like

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