Law graduates can expect to earn £54,000 when they walk into their first job and most will see their pay rise by a staggering £25,000 every five years.
This starting salary is double the national average wage of around £27,000.
A study of 400 UK lawyers found that on average the job pays £54,000 for the first five years, rising to £76,000 for those with five to 10 years of experience. Lawyers who have been practising for between 10 and 15 years can expect to earn £100,000, while those with more than 15 years can command £181,000 a year.
The truth about lawyers' salaries
The attraction of high salaries may draw a lot of people to law, but the reality can be very different. Salaries vary greatly depending on the type of work you do, which type of firm or organisation you work for, and where in the country you work.
You should do as much research as you can in the areas you are most interested in to get the most accurate information on what the salaries might be, and to make sure your expectations are realistic.
Be aware that the law evolves, and with this comes the risk that some areas of law become less widely applicable over time, less commercially viable, and therefore less profitable. The law is not immune to outside pressures and was affected just as badly by the 2008/09 recession as any other service industry.
Many law firms were forced to consolidate their operations, and in many cases had to make redundancies.
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