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.

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

Shay lawyer work?

U mean charge and bail "Ambulance Chasing"

Or


Having ur own Chambers

Wash...

Try and get more certification and build your acumen.

charge and bail things....

Tissuepaper doesn't have much value. Therefore, your service may not be lucrative

You just wasted 5yrs studying a useless course...

You are obviously in the wrong profession. Join yahoo or ritualists or ban robbers if money making is your priority.

pocohantas:
Wash...

how

grayht:
U mean charge and bail?

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.

Law is lucrative if you consider any society, you will see that many lawyers make it more than engineers and doctors

wittyt98:

There are some firms that pay well nd ur career prospect is bright..Eg Aluko n Oyebode...But like most professions in Nigeria. The well paying jobs not enough for the graduates so the few work there....

josite:
You are obviously in the wrong profession. Join yahoo or ritualists or ban robbers if money making is your priority.

what is my purpose of going to school if not to make money and live a good life.

You should be a litigator, that's where the money is. One big civil case can fetch you millions. Imagine having 5 or 6 of such in a year

Truth be told, its not lucrative ask falz. Some few are very lucky to get into legal dept of big companies but mehn, they are FEW!!!!

SweetBuns:
Try and get more certification and build your acumen.

which area of law do you think I should specialize in, I was looking at Maritime Law

Law suppose be part time job

dominique:
You should be a litigator, that's where the money is. One big civil case can fetch you millions. Imagine having 5 or 6 of such in a year

nice, but a litigator in which field... Which field is that lucrative ?

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.

TissuePaper:
which area of law do you think I should specialize in, I was looking at Maritime Law

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.

to be honest with you...in Nigeria Eliza nurses are more employable than lawyers

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.

tell him oo...

in Nigeria no matter what you read, you need connection...