Legal Jobs in New York City, NY Overview The Big Apple is one of the biggest cities in the world and the most populous ...
Legal Jobs in New York City, NY Overview
The Big Apple is one of the biggest cities in the world and the most populous city in the United States. People keep flocking to New York City because it's such a great place to do business. The potential for profit is high, but so is the cost of living. In Manhattan, New York's busiest borough, the cost of living is 120 percent higher than the United States average. However, it's also one of the top three cities in the United States when it comes to lawyer salaries, which average 50 percent higher than the national average.
New York City, NY Legal Job Market
According to USA Today, more than 500 top law firms cram the city, almost twice as many as in other major cities. The city dominates the state when it comes to law jobs. The next highest number of law firms in New York State is in Buffalo, NY, which has just over 70 firms. Besides law firms, the city has many companies and offices that will hire on-staff lawyers and legal consultants.
Statewide, New York has more than recovered from the recession by adding new jobs at a rate of about two percent per year. Many of these new jobs are in professional and business services, the sector that includes legal jobs in New York, NY.
Legal Salaries in New York City, NY
The average salary of a lawyer working in New York City is $165,690. Associate attorneys make a more modest average salary at just $98,000 a year, but are likely to move up to full attorney within five to 10 years. Paralegals make about $45,000 a year on average, but that wage goes up sharply with experience and skills in legal compliance and case management. Legal secretaries make an average of $64,000 a year.