how do attorney (lawyer) get paid? how do they earn their money? how do they pay their employees?
I got a job offer at a law firm. It is a small law firm where the attorney works by herself. it is not a fast paced work. How do attorney make their money? how do they pay their workers? if they dont have enough clients or if they are not too busy, will attorney fire me? lets say later on i want to make $ 40,000 or above, will attorney pay that much for personal assistant? or will she hire different person so she can pay less? if it is assisting an attorney at small firm, does my pay come out of attorney’s pocket? how do I get paid? based on what? any experience working at small business? I need help.
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Your boss of the firm will most likely make money by the clients that they are working for.
SO for example, if you work for a criminal attorney, JOE BLOW comes into the office and needs a lawyer to represent him in a child custody case. Lawyer tells him how much it will be to represent him and attorney takes the money and does just that…..
Another scenario is that your lawyers will obtain fees from the people that the clients sue (assuming your lawyers win)
so lets say ladyx goes thru Mcdonalds and spills hot coffee in her lap, the lawyer will sue mcdonalds, and if sucessful, Mcdonalds will pay the lawyers fees
Attorneys get paid in different ways, depending on the type of law, the type of case, and the particular circumstances. Sometimes the lawyer will get paid directly by the client, whether as a flat fee (for example, $2000 for preparing an estate plan) or on an hourly basis. Sometimes the lawyer will get paid by an insurance company, such as the lawyer hired to defend an insured in litigation. Sometimes the lawyer will get paid at the end of a case from the other side (assuming the lawyer wins the case), either as a contingtency (a percentage of the judgment won for the client) or as an attorney fee awarded in certain kinds of cases by the judge.
Regardless of how they get paid, the lawyer pays his/her employees like any other cost of doing business (like the rent, the utility bills, etc.). If the lawyer receives income on a fairly regular basis (such as being paid flat or hourly fees on a number of jobs), then the overhead is paid out of income (like with any business). If the lawyer specializes in large contingency cases, which may only pay the lawyer after several years of effort, then the lawyer must have adequate financial reserves and/or credit to pay the bills until the big payday for the lawyer arrives. As with any business, expenses (including employees’ salaries) do come out of the owners’ pockets.
Like any business, if business is bad, the lawyer may be unable to pay his/her bills, and will go out of business.
A lawyer may very well pay $40K (or considerably) more to a good legal secretary. That depends on the lawyer’s needs and financial resources, the geographic area, the qualifications of the employee, etc. It is impossible to say from the information given if that is realistic for you to expect.
Like any other profession , the earnings of an attorney depends upon various factors like the number of cases which he handles, nature of the cases, and say the monetary claim in the case. The fee paid by clients is the source of income.There may be ups and downs in the career of a lawyer in terms of earnings, but they do not resort to “Hire and Fire” policy with their employees !!