What is a Business Contract Lawyer and How Much Do They Make?

A business contract lawyer is an attorney who works primarily with businesses, to help them create, review, and revise legal contracts. These contracts can be anything from employment agreements to partnership contracts to vendor agreements. Business contract lawyers ensure that the agreement is legally binding, protective of the business`s interests, and in compliance with local, state, and federal laws.

But how much do business contract lawyers make?

According to Payscale, the average salary for a business contract lawyer in the United States is $93,000 per year. However, this salary can vary greatly based on factors such as experience, location, and employer.

Experience plays a significant role in determining a business contract lawyer`s salary. Lawyers with less than five years of experience typically earn an average salary of $68,000 per year. Meanwhile, lawyers with more than 20 years of experience can earn salaries upwards of $165,000 per year.

Location is also a significant factor in determining business contract lawyer salaries. Larger cities typically pay more than smaller towns, and certain cities such as New York, San Francisco, and Los Angeles pay significantly more than other cities. For example, a business contract lawyer in New York City can expect to earn an average salary of $116,000 per year, while a business contract lawyer in Atlanta, Georgia, can expect to earn an average salary of $84,000 per year.

Finally, the type of employer can also impact a business contract lawyer`s salary. Private law firms typically pay higher salaries than in-house positions at corporations. A business contract lawyer working at a law firm can expect to make an average salary of $110,000 per year, while an in-house business contract lawyer at a corporation can expect to make an average salary of $84,000 per year.

In conclusion, business contract lawyers play a vital role in ensuring that companies are legally protected in all areas of their operations. The salary of a business contract lawyer can vary widely based on experience, location, and employer. However, the average salary for a business contract lawyer in the United States is $93,000 per year.