Salary for an Accounting Firm Lawyer
Attorneys who work at accounting firms provide advice to clients about financial related matters and to accountants preparing financial documents. They may also represent the clients or the company in lawsuits, depending on the nature of their jobs. As of May 2010, approximately 580 lawyers were employed by accounting firms in the United States, according to the U.S. Bureau of Labor Statistics. The salary for an accounting firm lawyer varies according to his experience and location.
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Overall
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Attorneys working for accounting firms earned an average of $54.45 per hour or $113,250 per year as of May 2010, according to the BLS. The lowest-paid 25 percent of lawyers employed by accounting firms received $29.63 per hour or $61,630 per year or less. For the highest-paid 25 percent of lawyers at accounting firms, salaries were $70.83 per hour or $147,320 per year or more.
Comparison to National
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Across the United States, lawyers earned an average of $62.03 per hour or $129,020 per year among all industries as of May 2010, reports the BLS. Attorneys working at accounting firms made 12 percent less than the nationwide average rate of pay for all attorneys. For all employees in accounting firms, salaries averaged $27.34 per hour or $56,860 per year, around 50 percent less than the mean rate of pay for attorneys at accounting firms.
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Comparison to Other Industries
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Law firms were the largest employer of attorneys and paid an average of $65.65 per hour or $136,540 per year as of May 2010, states the BLS. Accounting firm attorneys made 17 percent less than the mean rate of pay for lawyers working at law firms. The coal and petroleum product manufacturing industry was the highest paying employer of lawyers with average wages $94.32 per hour or $196,190 per year. Salaries for lawyers at accounting firms were 42 percent below those in the highest-paying industry.
Comparison to Other Jobs
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Lawyers were the 10th highest-paid employees at accounting firms across the United States as of May 2010, according to the BLS. At accounting firms, attorneys were one of the highest paid employees outside of management positions, second only to producers and directors who made an average of $58.63 per hour or $121,940 and may be hired to create commercials and promotions for large accounting firms. Attorneys at accounting firms made 41 percent less than the highest-paid employees, top executives, who earned an average of $91.90 per hour or $191,150 per year.
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