A Guide for Aspiring Lawyers in Highest Paying Law Fields UK

If you want to become a lawyer to change the world and help people correct their mistakes and, at the same time, earn good money, you can do that. Well, it can be fun and frightening all in one. But wait. You should be aware that to follow your dream as a successful legal expert, you must be an expert in your selected major. Therefore, it’s your turn to pick the career that interests you most. However, you also need to check out the list of highest paying law fields UK if you want to earn well.

If you are already studying law, you would know that this field has multiple specializations. So, while finalizing your field, you need to choose the one that facilitates the highest paying law jobs in UK. Do you want to know more about law and its majors? As you move up in your career, are you waiting for more information in order to make the right decision? In that case, you can stop that process right away because we are here to facilitate your academic and professional endeavors.

What is a Lawyer?

Wondering what a lawyer is? Well, a lawyer is an individual who has adequately undergone the coursework to enable him to practice law. So, they give advice that involves legal issues, litigation, and drafting legal papers. Moreover, if you wish to study this field, you should be informed that it offers different opportunities to become a successful lawyer. For example, you can choose fields like criminal justice, civil justice, corporate justice, family justice, intellectual property, the justice system, and so on.

Indeed, legal aid practitioners provide a significant service of assisting people, companies, and organisations. Well, they do help in understanding the legalistic systems and guarantee that their legal claims are secured. However, you have to understand that a lawyer’s core duties are to advise clients on various matters. For instance, act on matters of law, write letters, research legal requirements and precedents, and negotiate and arbitrate.

Highest Paying Law Fields UK

Did you know that there are so many law schools in the UK that present the most promising job avenues to young lawyers? Well, if you are a law student and you wish to have an understanding of so many legal specialities and their financial rewards, then you are at the right place.

Are you ready to explore the potential salary ranges and the career opportunities in law fields? If so, then here we go:

Corporate Law

If you are already in law school, then you may have a hint of what corporate law entails. Well, it is one of the most promising and paid fields of law in terms of occupation. Here lawyers engage in business law, joint ventures, and corporate and securities law. So, they work with large firms and can earn between £100,000 and £200,000 based on the size and place of the firm as a percentage.

Commercial Law

You must know that commercial law is quite similar to corporate law. However, it focuses more on aspects of business transactions. For example, legal relations regulating business interactions, purchase/sale of goods and services, legal protection of inventions and trademarks, and regulation of monopolistic activities. In this field, the lawyers are involved in operational work, contract matters, and legal regularities and breaches. What is remarkable is that among others, the highest paying fields of law UK, this field pays around 85,000-150,000 pounds per year.

Intellectual Property Law

Are you considering choosing the intellectual property law field? If so, you should know that this field is all about the legal relations about the protection of the rights of the creators over inventions, designs, trademarks, and works of art. Well, this major is important in the technology industry, entertainment industry, pharmaceutical industry, and fashion industry. You know what? The pay scale of this area is greater than £90,000–£160,000 yearly earnings.

Banking and Finance Law

Banking and finance law concerns the laws that govern financial companies and related activities. For instance, the laws of lending, deposit, and security interests for, and on behalf of, companies, banks, and the government. For instance, it has loans, investment, security, and financial regulation topics. It encompasses subtopics such as analytical and financial controversies, risks, and regulations. Thus, if you are planning to select this field, you can gain per year £90,000–£160,000.

Employment Law

It may surprise you to learn that employment law includes the legal relations of employers as well as employees. You read it right. This field focuses on matters to do with unfair dismissal and discrimination in the workplace, or issues relating to employee remuneration and compensation and working conditions and safety. Therefore, in case people are planning to select employment law, you will be defending individuals as well as businesses. However, it means that you should be efficient in such areas as making recommendations and work-related conflicts and policies. But wait. The employment law salary rates differ, with those who are still new to the practice receiving anywhere from £40,000 to £60,000 in a year. 

Real Estate Law

Real estate law covers legal issues related to property. Well, the issues include land transactions, leases, zoning, and property development. Professional real estate lawyers can also represent developers, investors, as well as large companies. Well, the real estate lawyers are paid between £50,000 and £300,000. However, their salary can vary depending on their experience, year, and the law firm in which they serve.

Tax Law

Are you confused about the highest paying law fields UK? If so, we would suggest you consider the tax law field. Well, this field deals with the laws governing taxation. Thus, you can be useful to your clients by dealing with the intricacies of taxes and tax advice. However, you can stand for disputes with the tax or be involved in mergers and acquisitions from the tax perspective and gather from £80,000 to £140,000 per year.

Conclusion

If you aspire to select a legal speciality, then you may read this article and get some help. Nevertheless, in case you experience any challenges making an effort to join the above-mentioned fields owing to a tight syllabus, you can consider seeking law essay help online and you will get excellent help.