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Legal Forums » Legal » Private Practice
Started Nov 22 2012, 18:42
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Nov 22 2012, 18:42
Lawyers in private practice work in firms small to large, performing a variety of legal tasks across the spectrum of the discipline. Fee arrangements vary for general practitioners, with some working on an hourly basis and others on a flat-fee agreement. In some cases, fees are on a contingency basis, meaning the lawyer is only paid if the client prevails. A 2007 survey by the National Association for Law Placement reported that an associate at a private law firm with eight years' experience earned a median salary of $157,000. Small firms paid a median of $117,000 while median salaries at the largest firms topped $204,000. According to the BLS, attorneys who own their own practices "usually earn less than those who are partners in law firms."
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