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How Lucrative Is The Legal Profession? - Career (3) - Nairaland

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Re: How Lucrative Is The Legal Profession? by Yamahbash(m): 5:25pm On Dec 10, 2018
The Legal profession is always lucrative, being a noble one especially when you know your onions. It requires hard work, perseverance and lots of faith in God.

1 Like

Re: How Lucrative Is The Legal Profession? by queenfav(f): 5:26pm On Dec 10, 2018
.

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Re: How Lucrative Is The Legal Profession? by anzaku47(m): 5:28pm On Dec 10, 2018
The number of lawyers we have are more than the case we have. Just go for Agriculture and thank me later.

1 Like

Re: How Lucrative Is The Legal Profession? by Yamahbash(m): 5:30pm On Dec 10, 2018
Exactly what am going through right now, being just 2 years at the Bar.
queenfav:
lol.. Do i have an opinion? My own ia that anyone who wants to study law should know that suffer head inside is unrivaled. As a fresh lawyer, my salary was 10k a month. How much was i buying makeup then, that the 10k will be enough to even see me through a week? Today i own a business that i can afford to pay my two staffs 20k and 50k. If you are passionate about law and can suffer for many years before you hit it big, then law is very lucrative. If you can't endure the suffer head that the early Years entails for many.. Jeje find something else to do. Law doesn't make people rich. People cashing out are old lawyers that have paid their dues or young lawyers from well connected families.

1 Like

Re: How Lucrative Is The Legal Profession? by queenfav(f): 5:34pm On Dec 10, 2018
Yamahbash:
Exactly what am going through right now, being just 2 years at the Bar.
Sorry.. Almost everyone in my circle has a side hustle, alongside their law practice. That's d only way you can survive.

1 Like

Re: How Lucrative Is The Legal Profession? by queenfav(f): 5:40pm 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.
u have said it all... If i knew i won't be practicing law, I wouldn't have bothered.

1 Like

Re: How Lucrative Is The Legal Profession? by pedrilo: 5:51pm On Dec 10, 2018
queenfav:
lol.. Do i have an opinion? My own is that anyone who wants to study law should know that suffer head as a new wig is unrivaled. As a fresh lawyer, my salary was 10k a month. How much was i buying makeup then, that the 10k will be enough to even see me through a week?
.
No be my clear eye i take abandon practice, face business fully. Let's just say the money i make in a month, is what i would never have made in 6 months working as a legal associate. Iown a business that can afford to pay two staffs (who are SCCE and ND holders) 20k and 50k respectively. Wheras, lawyers with 10 years experience are earning 25k as salary. If you are passionate about law and can suffer for many years before you hit it big, then law is very lucrative. If you can't endure the suffer head that the early Years entails for many.. Jeje find something else to do. Law doesn't make people rich. People cashing out are old lawyers that have paid their dues or young lawyers from well connected families.
gospel truth.
I hav bn wondering why all my young barrister friends r goin into tailoring n fashion biz generally.
The profession favours the highly connected n experienced

3 Likes

Re: How Lucrative Is The Legal Profession? by chiboy1116: 5:52pm 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
in what society ? A lawyer making more than a physician?
Re: How Lucrative Is The Legal Profession? by pedrilo: 5:52pm On Dec 10, 2018
queenfav:
u have said it all... If i knew i won't be practicing law, I wouldn't have bothered.
eya
Re: How Lucrative Is The Legal Profession? by folake4u(f): 5:54pm On Dec 10, 2018
seunH:
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...!!!


Yes dear, very few people delve into Entertainment Law even though its lucrative. But the struggle ehn! It'd really favour you if you have strong connects here and there, otherwise OYO lipsrsealed
Re: How Lucrative Is The Legal Profession? by hardbody: 5:58pm On Dec 10, 2018
Viccur:
law is overrated. Seen a couple of lawyers whose standard of living is below par. Most lawyers in Nigeria worth billions are legal corrupt men. OP if you are doubtful better engage in business or anything that works for you.

Stick to what you know. I am in corporate employment after practising for a number of years, I can actually retire today and live an affluent life. Let me take you further, some of my classmates head legal services of first tier banks in this country as DGMs and GMs. Ask around for what figures in those cadres walk home with from banks. Finally, law is the profession that enables you work in virtually all spheres... An administrator, HR personnel, Management consultant, legal advisory, company secretary, banking operations, legal practise, tax practise, the horizon is endless. In my next life, I will still be a lawyer. As a teaser, I flew out to London on Tuesday to review agreements on behalf of my company with other foreign colleagues. I came back on Friday. All expenses paid. Again stick to what you know

11 Likes

Re: How Lucrative Is The Legal Profession? by Excelboi(m): 6:00pm On Dec 10, 2018
queenfav:
lol.. Do i have an opinion? My own is that anyone who wants to study law should know that suffer head as a new wig is unrivaled. As a fresh lawyer, my salary was 10k a month. How much was i buying makeup then, that the 10k will be enough to even see me through a week?
.
No be my clear eye i take abandon practice, face business fully. Let's just say the money i make in a month, is what i would never have made in 6 months working as a legal associate. Iown a business that can afford to pay two staffs (who are SCCE and ND holders) 20k and 50k respectively. Wheras, lawyers with 10 years experience are earning 25k as salary. If you are passionate about law and can suffer for many years before you hit it big, then law is very lucrative. If you can't endure the suffer head that the early Years entails for many.. Jeje find something else to do. Law doesn't make people rich. People cashing out are old lawyers that have paid their dues or young lawyers from well connected families.
10 yrs experience, 25k as salary? Stop spilling wrong info.... The salary is bad, yes, but not for someone with 10yrs experience. Haba

2 Likes

Re: How Lucrative Is The Legal Profession? by IamShiningStar(f): 6:07pm On Dec 10, 2018
hardbody:


Stick to what you know. I am in corporate employment after practising for a number of years, I can actually retire today and live an affluent life. Let me take you further, some of my classmates head legal services of first tier banks in this country as DGMs and GMs. Ask around for what figures in those cadres walk home with from banks. Finally, law is the profession that enables you work in virtually all spheres... An administrator, HR personnel, Management consultant, legal advisory, company secretary, banking operations, legal practise, tax practise, the horizon is endless. In my next life, I will still be a lawyer. As a teaser, I flew out to London on Tuesday to review agreements on behalf of my company with other foreign colleagues. I came back on Friday. All expenses paid. Again stick to what you know
wonderful!

1 Like

Re: How Lucrative Is The Legal Profession? by Nobody: 6:10pm On Dec 10, 2018
hardbody:


Stick to what you know. I am in corporate employment after practising for a number of years, I can actually retire today and live an affluent life. Let me take you further, some of my classmates head legal services of first tier banks in this country as DGMs and GMs. Ask around for what figures in those cadres walk home with from banks. Finally, law is the profession that enables you work in virtually all spheres... An administrator, HR personnel, Management consultant, legal advisory, company secretary, banking operations, legal practise, tax practise, the horizon is endless. In my next life, I will still be a lawyer. As a teaser, I flew out to London on Tuesday to review agreements on behalf of my company with other foreign colleagues. I came back on Friday. All expenses paid. Again stick to what you know
sir i am a new wig i need tips or job links . I came out with a 2.1 both in the university and law school. God bless you

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Re: How Lucrative Is The Legal Profession? by Nobody: 6:16pm On Dec 10, 2018
Every profession is lucrative. It depends on your wisdom and foresight. There is always something changing in your line of profession say every 10 years. The problem is Nigerian educational system does not equip one with the right skills tell when a change is coming. The world is changing at such an enormous rate that you need to constantly educate yourself. There are engineers, doctors, accountants that are paid same 15k. Check what is changing within your Line of profession, equip yourself with those skills and you will be sought all over the world.
This should help: https://www.thebalancecareers.com/trends-reshaping-legal-industry-2164337

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Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:18pm On Dec 10, 2018
pocohantas:


https://www.nairaland.com/2534179/did-make-mistake-studying-law
You're using another person's experience to negate and judge the rest.

If you have no contribution concerning the topic why not just lock up or go to the threads where your input will be better appreciated.

1 Like

Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:22pm On Dec 10, 2018
queenfav:
lol.. Do i have an opinion? My own is that anyone who wants to study law should know that suffer head as a new wig is unrivaled. As a fresh lawyer, my salary was 10k a month. How much was i buying makeup then, that the 10k will be enough to even see me through a week?
.
No be my clear eye i take abandon practice, face business fully. Let's just say the money i make in a month, is what i would never have made in 6 months working as a legal associate. Iown a business that can afford to pay two staffs (who are SCCE and ND holders) 20k and 50k respectively. Wheras, lawyers with 10 years experience are earning 25k as salary. If you are passionate about law and can suffer for many years before you hit it big, then law is very lucrative. If you can't endure the suffer head that the early Years entails for many.. Jeje find something else to do. Law doesn't make people rich. People cashing out are old lawyers that have paid their dues or young lawyers from well connected families.
You didn't make it doesn't mean others won't too. You entered the profession with a wrong mindset that's why you're saying things like this.

Someone in the profession cannot look up to people like you as a motivator or role model. Besides, who says law is a profession where you enter and start to reap the benefits as soon as you get a job? The only problem right now is the pay and it's not a fault of anyone really because that's just how messed up the country really is.

But I have never seen anyone who has put in work in the profession for 10 years plus and didn't start reaping the benefits. Maybe it's not your passion after all.

6 Likes

Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:24pm On Dec 10, 2018
blaksril:
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.
Thank you, it's about the experience and not the certificate.
Re: How Lucrative Is The Legal Profession? by TissuePaper: 6:25pm On Dec 10, 2018
hardbody:


Stick to what you know. I am in corporate employment after practising for a number of years, I can actually retire today and live an affluent life. Let me take you further, some of my classmates head legal services of first tier banks in this country as DGMs and GMs. Ask around for what figures in those cadres walk home with from banks. Finally, law is the profession that enables you work in virtually all spheres... An administrator, HR personnel, Management consultant, legal advisory, company secretary, banking operations, legal practise, tax practise, the horizon is endless. In my next life, I will still be a lawyer. As a teaser, I flew out to London on Tuesday to review agreements on behalf of my company with other foreign colleagues. I came back on Friday. All expenses paid. Again stick to what you know
hello sir, pls can you be my mentor in the legal arena.?
Re: How Lucrative Is The Legal Profession? by pocohantas(f): 6:25pm On Dec 10, 2018
naijaboiy:

You're using another person's experience to negate and judge the rest.

If you have no contribution concerning the topic why not just lock up or go to the threads where your input will be better appreciated.

Lmao, NYSC still dey shark this one.

You think it is by typing in colored fonts, your eye go soon clear. If only pride will allow you come back and share your experience grin

3 Likes 1 Share

Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:29pm On Dec 10, 2018
Softhands:
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!
Thank you, people just don't want to think. They're all thinking about the money instead of them to focus on building their career first.
Re: How Lucrative Is The Legal Profession? by Excelboi(m): 6:31pm On Dec 10, 2018
naijaboiy:

You didn't make it doesn't mean others won't too. You entered the profession with a wrong mindset that's why you're saying things like this.

Someone in the profession cannot look up to people like you as a motivators or role models. Besides, who says law is a profession where you enter and start to reap the benefits as soon as you get a job? The only problem right now is the pay and it's not a fault of anyone really because that's just how messed up the country really is.

But I have never seen anyone who has put in work in the profession for 10 years plus and didn't start reaping the benefits. Maybe it's not your passion after all.
Exactly my reply to her. You can't have 10yrs experience and be on a law firm salary of 25k.... Never! At 10yrs experience, you have unlocked one of the requirements to be a SAN.

2 Likes

Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:31pm On Dec 10, 2018
pocohantas:


Lmao, NYSC still dey shark this one.

You think it is by typing in colored fonts, your eye go soon clear. If only pride will allow you come back and share your experience grin
Whats this one saying?

Abeg shift let me see important comments to resonate with. Think say every thread na gender based thread, mumu. grin

1 Like 1 Share

Re: How Lucrative Is The Legal Profession? by queenfav(f): 6:34pm On Dec 10, 2018
Excelboi:
10 yrs experience, 25k as salary? Stop spilling wrong info.... The salary is bad, yes, but not for someone with 10yrs experience. Haba
sorry sir. Na me fine trouble.

3 Likes

Re: How Lucrative Is The Legal Profession? by naijaboiy: 6:40pm On Dec 10, 2018
Excelboi:
Exactly my reply to her. You can't have 10yrs experience and be on a law firm salary of 25k.... Never! At 10yrs experience, you have unlocked one of the requirements to be a SAN.
Lol, i remember when my elder brother started practicing, he was very discouraged and wanted out. After a year he was planning to quit and start business in car deals but my Dad advised him against it.

Next year would make it his 10th in the profession and there's nothing else he would think of except working harder and improving his career. The problem with the legal profession is not the pay but the amount of work you have to put in, if you are serious you'll definitely stand out and the work load will not even let you enough time to spend the money you made.

That's why many try to retire early so they can focus on other fields within the profession that's less stressful. There is money in the legal profession, it just takes time and patience. Law is not for lazy minded youths that want to make fast money to meet up with standards of their friends who are making money as much as they're spending.
Re: How Lucrative Is The Legal Profession? by Nobody: 6:50pm On Dec 10, 2018
queenfav:
lol.. Do i have an opinion? My own is that anyone who wants to study law should know that suffer head as a new wig is unrivaled. As a fresh lawyer, my salary was 10k a month. How much was i buying makeup then, that the 10k will be enough to even see me through a week?
.
No be my clear eye i take abandon practice, face business fully. Let's just say the money i make in a month, is what i would never have made in 6 months working as a legal associate. Iown a business that can afford to pay two staffs (who are SCCE and ND holders) 20k and 50k respectively. Wheras, lawyers with 10 years experience are earning 25k as salary. If you are passionate about law and can suffer for many years before you hit it big, then law is very lucrative. If you can't endure the suffer head that the early Years entails for many.. Jeje find something else to do. Law doesn't make people rich. People cashing out are old lawyers that have paid their dues or young lawyers from well connected families.
your passion was business... simple. You didn’t discover yourself early. That’s the problem.When you practiced, how many cases did you win for your clients. Legal is a very important department or need of every, I repeat, every business. Many multinational companies now hire fresh graduate lawyers now self. The problem is you didn’t find your passion. You wanted a salary of 500k as this didn’t come you thought the profession failed you. No, you failed yourself. Let us always tell ourselves the truth. I am happy you found your passion.

3 Likes

Re: How Lucrative Is The Legal Profession? by philkay(m): 6:57pm 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 that very day 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 and/or try to create partnership with your fellow colleagues. 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



You've said it all, nothing to add
Re: How Lucrative Is The Legal Profession? by pocohantas(f): 7:04pm On Dec 10, 2018
queenfav:
My sister, i blame myself for even coming on here to comment at all.. A lot of them are delusional. Warri people say "who no go, no know". If it's 2.1,i made a 2.1..Many lawyers are too ashamed to talk about their struggles, so they delude the young ones, whereas them dey struggle to feed..No need to talk sha. The end justifies the means!

Truth is the new hate speech. People only agree to what they want to hear.

I have lawyer friends, lots of them diversified, got relevant certifications and experience. Before that diversification, better suffer knack them. There is no course that isn't overrated in Nigeria sef, but for a professional course like Law, its own overrated deserves Headies Award.

7 Likes

Re: How Lucrative Is The Legal Profession? by naijaboiy: 7:16pm On Dec 10, 2018
pocohantas:


Who mentioned gender here? Don't use me to practice your juvenile law.

Important comments or comments that will make you feel you haven't made the worst mistake of your life studying Law?

The energy you wan use reply me, take it to the law court. Cases are not won on NL.
That said, Law? In Nigeria?
I wonder what you studied in school sef. grin You probably made the worst mistake of your life.

Get sense madam!

Re: How Lucrative Is The Legal Profession? by ogawisdom(m): 7:23pm On Dec 10, 2018
To make it in law you need
1. connection
2. more connection
3. much more connection

These connections will determine your income, if u are a pauper and hoping to make it in law which may never happen you must be prepared to work hard for over 15years just to put food on the table.

Just one brief from a politician can settle a lawyer for life but most will rather deal with SAN than a young lawyer

2 Likes

Re: How Lucrative Is The Legal Profession? by Bianda24: 7:27pm On Dec 10, 2018
I left Bwari law school for something very lucrative. Today, I am made but I need to go back to school to complete my LL. B.
Re: How Lucrative Is The Legal Profession? by pocohantas(f): 7:40pm On Dec 10, 2018
naijaboiy:

I wonder what you studied in school sef. grin You probably made the worst mistake of your life.

Get sense madam!

I am not the one attacking everyone who thinks my course is overrated.

2 Likes

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