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#1
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Are all lawyers rich?
or are the majority of lawyers rich?
as much as they charge, they should be! granted it is skilled work (i.e. you have to go to school first) so they have to be paid more. Car mechanics offer skilled work too...as do lawn mower repair guys (me!)....so we can charge more than minimum wage. However, are all lawyers wealthy? there seems like a lot of them in the phonebook and there can't be that many clients. or not. i have no idea.
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Ben 1987 190d 2.5Turbo |
#2
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No.
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Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed. W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html 1 X 2006 CDI 1 x 87 300SDL 1 x 87 300D 1 x 87 300TDT wagon 1 x 83 300D 1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry. |
#3
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I think you make decent money but may not necessarily be wealthy. There's a lawyer we know in our town who drives an old Camry etc., and our family's lawyer drove a Passat last I knew.
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"Senior Luna, your sense of humor is still loco... but we love it, anyway." -rickymay ____ "Your sense of humor is still loco... " -MBeige ____ "Señor Luna, your sense of humor is quite järjetön" -Delibes 1982 300SD -- 211k, Texas car, tranny issues ____ 1979 240D 4-speed 234k -- turbo and tuned IP, third world taxi hot rod 2 Samuel 12:13: "David said to Nathan, “I have sinned against the Lord.” And Nathan said to David, “The Lord also has put away your sin; you shall not die." |
#4
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Are all lawyers rich?
Nope. You'll really only get rich if you are high up in a practice. Personal injury lawyers only make 60-70k on average according to Google, and my assumption is that's a case to case payment basis. Corporate positions are lucrative, 100k+ but a limited number of those available...The folks I know who have been to law school are not making great money, and that's if they have been able too find jobs. It's a saturated market.
Sent from an abacus
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TC Current stable: - 2004 Mazda RALLYWANKEL - 2007 Saturn sky redline - 2004 Explorer...under surgery. Past: 135i, GTI, 300E, 300SD, 300SD, Stealth |
#5
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Correct. Supply and demand determine their earning power.
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#6
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Quote:
The people who characterize all lawyers as rich are idiots. Like any profession, there are many specialities within the profession that pay differently.
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This post brought to you by Carl's Jr. |
#7
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No. In fact, from what I have read, there is currently an oversupply of lawyers and jobs for recent law school graduates are hard to find.
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1977 300d 70k--sold 08 1985 300TD 185k+ 1984 307d 126k--sold 8/03 1985 409d 65k--sold 06 1984 300SD 315k--daughter's car 1979 300SD 122k--sold 2/11 1999 Fuso FG Expedition Camper 1993 GMC Sierra 6.5 TD 4x4 1982 Bluebird Wanderlodge CAT 3208--Sold 2/13 |
#8
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The "supply" of US lawyers exceeded "demand" in the early '90's I think.
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#9
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Define; rich?
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#10
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a friend of mine worked for a lawyer. She was always broke. Not because she didn't make money but because she spent it all looking the lawyer part.
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1984 300SD Orient Red/ Palomino 1989 560SEC 2016 Mazda 6 6 speed manual 1995 Ford F-150 reg cab 4.9 5speed manual |
#11
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at least $1 mil net worth if they are aged 40 and above
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Ben 1987 190d 2.5Turbo |
#12
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Quote:
fake it till you make it applies in this case I suppose but dang what a way to live though. going through life as a fake.
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Ben 1987 190d 2.5Turbo |
#13
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Meh, A million won't buy what it used to.
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC] ..I also have a 427 Cobra replica with an aluminum chassis. |
#14
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age 40 and have at least 1 mil in net worth
age 50 and have at least 2.5 mil in net worth age 60 and have at least 3 or 4 mil in net worth that's just my guess as far as a definition of 'rich'
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Ben 1987 190d 2.5Turbo |
#15
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Rich is a matter of perspective. Lots of people are rich in other people's eyes. A lot of people think I'm rich, a lot of other people think I'm a peon.
But no, not all lawyers are rich, not all doctors are rich, not all McDonald's employees are poor. It's all about how good you are at your job, how you manage your money, and your individual situation.
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