That is one of the highest paying job i ever heard of. Better to go to law school and specialize. I once worked with a big time tech lawyer.
For three hours work, we paid him what I made pre-tax in two weeks, and I wasn't doing terribly for that point in my life. Pretty sure he's not getting beat up by any pimps when he strolls into work each day, either. He worked really hard, too. I mean, I wasn't paying the bills, but he definitely seemed worth the cash. Filed some awesome stuff for us -- you don't often read legalese that entertaining. JacobAldridge on Aug 25, parent next [β]. There is a difference between 'charge-out hourly rate' and 'hourly rate of pay'.
Even high end lawyers are unlikely to be paid more than one-third of their charge out rate, unless they're partners ie, business 'owners'. You probably took that into consideration with your response - I'm not disagreeing with you, just making it clearer.
I find this true for just about every professional services field. Hiring a lawyer, an accountant, a doctor, or a consultant often comes at a rate multiple times their own salaries. But the difference is that the lawyer was probably working billable hours a week, whereas an escort or a business coach, presumably will work significantly less than that. I'd work Maybe Yes, this is what economists call the "backwards-bending supply curve for labor".
Turns out if you pay people craploads per hour, you get fewer hours out of them, not more. The worst you get from ordinary supply curves is diminishing returns. Labor's the only supply curve that actually bends back. Lawyers don't even pocket the majority of their rate prorata.
