Question: What field of law makes the most money in South Africa?

One of the key focuses of the report is the legal sector, which has typically been home to some of the highest-paying jobs in the country. Top earners include General Counsel (GC) and partners, both of which can expect to take home R5 million a year at the high-end of market.

Which field of law pays the most in South Africa?

Highest paid types of lawyers in South Africa

  1. Intellectual property and Patent lawyers. Often, intellectual property and patents go hand in hand. …
  2. Corporate lawyers. Corporate lawyers is another subcategory that earn a lot of money. …
  3. Medical lawyers. …
  4. Tax lawyers.

What type of law earns the most money?

Types Of Lawyers That Make The Most Money

  • Medical Lawyers. Medical lawyers make one of the highest median wages in the legal field. …
  • Intellectual Property Attorneys. IP attorneys specialize in patents, trademarks, and copyrights. …
  • Trial Attorneys. …
  • Tax Attorneys. …
  • Corporate Lawyers.

What area of law pays the most?

Trial lawyers are among the highest paid legal professionals in the world. Thousands practice across the globe, but civil litigators who handle high-dollar, high-profile and high-stakes cases are the most highly compensated.

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What field of law is most in demand?

Highest Client Growth Rates by Practice Area

  • Insurance: +2190% (YoY) …
  • Criminal Law: +1680% (YoY) …
  • Civil Rights: +1160% (YoY) …
  • Personal Injury: +660% (YoY) …
  • Estate Planning: +330% (YoY) …
  • Bankruptcy: +280% (YoY) …
  • Employment Law: +190% (YoY) …
  • Business Law: +140% (YoY) (Top growth area: Contracts)

What type of lawyers make millions?

Here Are The 5 Types Of Lawyers That Make The Most Money

  • Corporate Lawyer – $98,822 annually. …
  • Tax Attorneys – $99,690 annually. …
  • Trial Attorneys – $101,086. …
  • IP Attorneys – $140,972 annually. …
  • Medical Lawyers – $150,881 annually.

What job makes the most money?

Here are the highest paying jobs of 2021:

  • Anesthesiologist: $208,000.
  • Surgeon: $208,000.
  • Oral and Maxillofacial Surgeon: $208,000.
  • Obstetrician and Gynecologist: $208,000.
  • Orthodontist: $208,000.
  • Prosthodontist: $208,000.
  • Psychiatrist: $208,000.

Are all lawyers rich?

Lawyers and attorneys often earn substantially over the average salary in the country they practice and while for many this will simply lead to a very comfortable upper-middle life, for some who make it to the elite sphere of law, it can lead to vast wealth.

How can a lawyer make 7 figures?

4 Keys to Achieving a 7-Figure Income

  1. Run your law firm like a business. …
  2. Focus on a niche. …
  3. Identify your ideal target market. …
  4. Pay attention to your firm’s finances. …
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What fields of law are in demand in South Africa?

Therefore, lawyers that are experienced in areas like complex civil litigation, commercial litigation, insurance defense, labor and employment, and other related niches are always in high demand in the country.

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What is the hardest law to practice?

Generally, more students find Constitutional Law and Civil Procedure the most difficult because they are far more abstract than other areas of law.

Are lawyers in demand in 2020 in South Africa?

The top in-demand jobs in South Africa’s legal sector include associates specialising in mergers and acquisitions, banking and finance and legal advisors. Up to 18% of legal professionals are expecting their 2020 salaries to increase by more than 11% in 2020, while 26% are expecting increases between 7% and 10%.