how to make extra money as an attorney in ny

Sell a Legal Course Another super simple way to earn extra money is to create a course. After putting in the initial work to set it up, it’ll be passive income. For example, a small business attorney can make a course called “How To Start A Corporation In New York,” which teaches the process of starting a corporation.

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How to make more money as a lawyer?

In sum, even if you work at a smaller firm, you most likely have the opportunity to earn extra money to pay off student loans. Of course, making additional money by …

How much does a lawyer make in New York City?

May 01, 2017 · Sell a Legal Course. Another super simple way to earn extra money is to create a course. After putting in the initial work to set it up, it’ll be passive income. For example, a small business attorney can make a course called “How To Start A Corporation In New York,” which teaches the process of starting a corporation.

How do lawyer salaries compare to other careers?

May 08, 2022 · Licensed attorneys can increase their salary by working long billable hours and eventually becoming a partner or shareholder with their firm. They can also go back to school to obtain a Master of Laws (LL.M.) degree which will open up further work opportunities.

Is $60k a year a lot of money for a prosecutor?

The average salary for a lawyer in New York is around $164,180 per year. Avg SalaryShow avg average hourly wage. $80.2k Bottom 20%. $164.2k Median. N/A Top 20%. Lawyers earn an average yearly salary of $164,180. Wages typically start from $80,150.

Unlike most Biglaw firms, smaller law firms regularly compensate associates who originate business

Although many people head to law school with dreams of working at a large law firm, the reality is that most lawyers will be employed by smaller shops. Indeed, I only worked in Biglaw for a little over a year, and I spent the majority of my student debt repayment journey working at a 30-attorney firm based in New York City.

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Offer Personal Coaching Services

One of the best ways to leverage your legal expertise for additional income is by offering coaching services to new attorneys. Pick a specific area of practice to zero in on and focus solely on that to start. For instance, you could teach young up-and-comers trial techniques or show law firms how to better manage their offices.

Sell a Niche Legal Course

Another great way to monetize your know-how is by creating a course that runs more or less on autopilot. For instance, you could create an online class entitled “Confidence in the Courtroom” or the “The Business Side of Law” and offer it via a platform such as Udemy, Educadium or OpenSesame for maximum exposure.

Develop a Helpful App for Lawyers

Producing a mobile app targeted at legal professionals can be surprisingly profitable if you know how to market it. A top-selling app on iTunes or Google Play can potentially net millions. You can hire a developer on Elance or Upwork at an affordable rate if you don’t have any existing programming skills.

Publish Legal E-Books Online

The great thing about writing e-books is that they can pay off for a long time after you’re done putting in the effort. Publishing e-books is easier than ever thanks to platforms like Amazon Kindle and Barnes & Noble Nook. To really maximize your profits, create an audiobook version of your text for iTunes.

Conduct Test Prep Courses

Studying for the bar exam in any state is often the most stressful part of any would-be litigator’s career. If you have a knack for teaching, you could always become a test prep coach for law students. Sites like Barbri connect knowledgeable coaches with hungry law students and allow attorneys to rake in the cash.

Teach as an Adjunct Professor

A great attorney can seriously boost his or her earnings by taking a position as a professor at a law school. While this particular path requires a lot of effort to see through to the end, good law professors can potentially double their annual incomes by teaching just a few classes per week.

Create a Popular Podcast

Nowadays, podcasting is serious business and podcasters with die-hard followings can benefit via advertisements and endorsements. Starting a podcast is easy since all you need is a mic, a laptop and a little opensource editing software. Though it may take some time to build a passionate audience, podcasts are simple to monetize.

How Lawyers Can Make Extra Money In 2017

As a solo attorney, you have to get used to living on a financial roller coaster. Some months can be really good and some months you worry about meeting basic expenses. One great way to keep things on a more even keel is to find a way to supplement your income. Here are some ways lawyers can make extra money this year.

Raise your fees

A really quick way you can earn more this year is to increase your fees. Most solos undervalue themselves and keep the same rates for years. Increase your rates for new clients and see how much more you earn.

Become of counsel for another firm

A firm may need an of counsel attorney to handle overflow cases or to consult on cases that are not in their regular practice area. Basically, you have an ongoing relationship with a particular firm.

Cover Cases Per Diem

Law firms often need someone to cover simple court appearances or adjournments when emergencies come up. Offering per diem services is a quick way to make a few extra bucks, especially when you are going to be in that court anyway.

Legal Research & Writing

Some lawyers are willing to pay others to write legal briefs and motions. If this is something you are good at, it can be a great way to make extra cash.

Sell a Legal Course

Another super simple way to earn extra money is to create a course. After putting in the initial work to set it up, it’ll be passive income. For example, a small business attorney can make a course called “How To Start A Corporation In New York,” which teaches the process of starting a corporation.

Develop a Helpful App

Apps are another easy way to make passive income. For example, a divorce attorney could make a calendar app for shared parenting. You could pay a developer to create it and then sell it on Itunes and Google Play.

1. Stop wasting time with the wrong clients

You already know who this client is. This is the one who calls you a hundred times per week and has a case that needs more manpower than a Big Law firm could provide, yet they pay all of their bills late, if at all.

3. Work smarter, not longer

Like I said before, I know a lot of lawyers who work 80-hour weeks. They aren’t successful.

4. Spend less money

I worked with one law firm a while back, and they were paying a mom-and-pop marketing agency to run all of their online marketing efforts — for one county.

5. Improve your client intake process

Client intake, the first stage of your firm’s work with a client, can be an incredibly time-consuming process. It’s also not usually billable.

7. Hire staff or use cost-effective services

Hiring staff might seem like an extra expense, but in some cases, not having help could mean leaving money on the table. In her post, How to Write a Law Firm Business Plan, Chelsea Lambert explains:

8. Use technology to streamline your day

If you’re still managing your practice using spreadsheets alone, you’re missing out. There are plenty of apps and digital services that can help streamline your day-to-day tasks, saving your law firm time and money.

Change is easy to talk about, but hard to do

It’s hard to cut the clients that only have a slim chance of paying, especially when they’re desperate for help and you’ve already invested time and emotion in the case.

As an attorney, how can I know if I am being paid fairly?

To find out about the appropriate salary for an attorney, please visit Indeed's Salary Calculator to get a free, personalized pay range based on your location, industry and experience.

How much do similar professions to attorney get paid?

Check the below Indeed career pages for the detailed pay ranges for the similar professions to an attorney here:

How can licensed attorneys increase their salary?

Licensed attorneys can increase their salary by working long billable hours and eventually becoming a partner or shareholder with their firm. They can also go back to school to obtain a Master of Laws (LL.M.) degree which will open up further work opportunities.

Do attorneys make good money?

Attorneys earn much less on average than what most people imagine they do. Even though top attorneys get high salaries, many attorneys earn a relatively low salary compared to other professional fields.

Do attorneys get paid hourly or salary?

Attorneys get paid both hourly and salary. This will depend on the type of case, the amount of research or court time involved and the length of time it will likely take to resolve the matter.

Do paralegals working for attorneys get a salary or by the hour?

Paralegals working for attorneys can get paid a salary or an hourly rate depending on the firm they are working for.

Do attorneys get paid more if they win?

Yes, attorneys get paid more if they win a case. Attorneys get paid based on arrangements made between them and their clients such as getting paid on contingency. Attorneys will get higher pay from a larger settlement.

Make A Lot of Money

It’s obviously a lot easier to save money if you have money to save. How do you make sure you have ample money to save? Focus on increasing your income. Make it a priority. Increasing your income isn’t something you can do immediately. It’s not about walking into your boss’s office and asking for a 20% raise.

Put Your Money to Work

The final piece of the puzzle is to make sure your money is working hard. Assets tucked away in savings account do you no good in the long run as its buying power is eaten away by inflation. Your money should be out there working like an army of a million dollar bills making a nickel or dime for you each year.

Some advice that many attorneys sorely need

It’s that time of year again. The time of year when I curse and gnash my teeth at the self-employment tax. Remember in the 90s when there was a lot of talk about granting the president a line-item veto? I think each taxpayer should have the ability to cross out one line of their tax return.

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From organizing company collateral to automating the ‘closing book,’ this software can make a lawyer’s life easier throughout an entire matter.