The average salary for a law professor is $145,000. The median salary is $130,000. Salaries can vary widely depending on the type of law school, the location of the school, and the experience of the professor.
How to become Law Professor in India | Eligibility | Salary | LLM | UGC-NET | JRF | Preparation Tips
As of 2019, the median salary for law professors was $145,000, with the top 10% earning over $208,000. The lowest 10% earned less than $68,000. Salaries can vary widely depending on experience, location, and type of law school.
For instance, professors at private schools tend to earn more than those at public institutions.
So how much do law professors make? It depends on a number of factors, but overall they tend to earn solid salaries.
If you’re interested in becoming a law professor, be sure to research various schools and find one that fits your needs and preferences.
Top Law Professor Salary
According to recent data, the average salary for a law professor is $145,000. The top-paid law professors earn an average of $208,000, while the lowest-paid earn an average of $85,000. These salaries vary depending on factors such as experience, school size and location.
The highest-paid law professors are typically those who teach at large schools in major metropolitan areas.
As one might expect, salaries for law professors have increased in recent years. In 2010, the average salary was $135,000.
In 2013, it rose to $140,000. And now in 2016, it has reached $145,000. These increases are likely due to inflation and the overall growth of the economy.
Despite these rising salaries, many law professors still feel underpaid relative to their peers in other professions. For example, medical doctors earn an average of $251,000 per year (source: Bureau of Labor Statistics). This disparity is even more pronounced when you consider that many law professors have advanced degrees and years of experience working as lawyers before they ever set foot in a classroom.
Still, there are many people who would love to have a job that pays six figures – especially one that allows them to work flexible hours and enjoy plenty of vacation time!
Credit: www.timesofisrael.com
Do Law Professors Make a Lot of Money?
No, law professors do not make a lot of money. The median salary for law professors was $145,000 in 2017, according to the ABA Journal. That’s much less than what many lawyers make in private practice.
How Much Do Top Law Professors Make?
As of 2019, the average salary for law professors was $145,868 per year, with salaries ranging from $48,000 to $242,000. The top 10% of earners made more than $193,000, while the bottom 10% earned less than $85,000. The median salary was $136,260.
The highest-paid law professors were those working at private colleges and universities, where the average salary was $174,650 per year. Those working at public colleges and universities earned an average salary of $131,350 per year.
The highest-paid law professors tended to be those who had the most experience.
Those with 20 or more years of experience averaged salaries of over $200,000 per year. However, even entry-level positions paid well compared to other professions; new law professors averaged salaries of over $100,000 per year.
How Do Law Professors Make Money?
Law professors typically make money in one of three ways: through salaries, royalties, or speaking fees.
Salaries are the most common form of compensation for law professors. Most law schools offer full-time positions that come with a salary and benefits package.
The average salary for law professors is $136,000, though salaries can range from $50,000 to over $200,000 depending on experience and position.
Royalties are another form of compensation for law professors. If a professor writes a textbook or casebook that is adopted by a school, they may receive royalties each time the book is sold.
Similarly, if a professor’s scholarship is regularly cited by other scholars or used in classrooms, the professor may receive royalties from the sale of those works.
Finally, some law professors also earn income from speaking engagements. This could include giving lectures at other universities or participating in symposia and conferences.
Law professors may also be called upon to serve as expert witnesses in court cases or provide commentary to the media on legal issues.
Do You Need a Phd to Be a Law Professor?
No, you do not need a PH.D to be a law professor. A Juris Doctor (J.D.) is the minimum requirement and many law professors have terminal degrees in other disciplines, such as a Ph.D. in economics or history.
Conclusion
Law professors typically make between $100,000 and $300,000 per year. The top earners are usually at private schools, while the lower end of the pay scale is at public universities. The salary for a law professor can vary depending on the type of law school they teach at, their experience, and the location of the school.