• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

How top lawyers become so financially successful

Why is it that some lawyers are able to charge $1,500 per hour while others are stuck on less than $100?

It’s an interesting question. All of them went to law school, and all of them passed their exams, so why the stark differences?

It all depends on what happens next in their careers. Some lawyers stagnate, earning incomes on the low end of the range, while others find ways to fly.

In this post, we take a look at what top lawyers do to become successful. Some of the concepts will be quite surprising to you.

They Accept Failure

Failing is never popular. Everyone wants to win - especially in the highly competitive legal sector. But failure is part and parcel of the work. There will be some cases that you just can’t win for your clients.

However, failure isn’t fatal. In fact, it is a great way to improve your skills and aptitude. Often, failing increases the motivation to succeed in the future. You go away, lick your wounds, and resolve to come back stronger, learning from your mistakes.

If you look at the careers of many of the most successful lawyers, you will find that they are littered with failures. Top lawyers have spent many years fighting losing battles in the courtroom and figuring out ways to resolve the issues that they face. They never give up but always keep coming back for more.

They Remain Positive

Clients appreciate lawyers who appear willing to help them. They want to be around professionals who have their best interests at heart. After all, winning or defending their cases is extremely important to them on a personal level. Failing to get a conviction or being convicted could dramatically change the course of their lives.

Many middling lawyers, however, don’t appreciate this aspect of their work. They think that they are providing a legal service and that is all they are doing. But it is so much more than that. Clients want a lawyer with compassion, empathy and the energy to see their case through to completion. They’re looking for somebody who will be a genuine advocate for them.

Lawyers who adopt a holistic approach soon develop a reputation for themselves. More people want to use their services, and this demand puts up the value of their time, sometimes to stratospheric levels.

They’re Innovative

The legal field is not stagnant - it’s changing all the time. New innovations are disrupting how lawyers work and the tasks that they perform. Artificial intelligence, for instance, is making its presence felt in areas such as document retrieval.

The top lawyers are fully aware of these developments and using them to their advantage. Sometimes, they find that they can increase their pay without increasing their rates. They still charge clients by the hour, but they are able to use tools that increase their productivity. In other words, they are able to get more done in less time.

They’re Persistent

Lawyers tend to rise to glory after winning difficult cases. However, these challenging victories rarely happen by chance. Instead, they’re usually the result of sheer persistence.

Most lawyers will throw their hands up in the air when they think a case is impossible. They will apologize to their clients and tell them that there is no way forward.

But persistent lawyers are different. They keep fiddling around until they find something that will deliver a better outcome for their client.

In many cases, the result of persistence isn’t revolutionary. A top lawyer might simply get a judge to agree to commute a sentence from ten years to eight, but that’s still something. Clients pay attention to results such as these because two years is still a long time.

How can lawyers become more persistent? Mainly it is a function of your personality. Some lawyers just can’t let cases drop. However, if you are struggling to adopt this mindset, remind yourself of the long-term payoffs. The most persistent lawyers also tend to be the most successful.

They’re Good Writers

Lawyers operate in a human arena where their choice of words can have a tremendous impact on outcomes. A good lawyer can use language to sway the jury’s decision one way or another. A bad lawyer can do the opposite.

Therefore, it’s critical that lawyers develop their writing and speaking skills. A lawyer who can communicate forcefully and effectively on behalf of their client is much more likely to succeed.

Becoming a better writer, though, is a challenge. It seems easy from the outside, but when you actually try putting pen to paper yourself, you discover that it is incredibly difficult. Getting the flow right while also conveying your ideas is a skill that takes many years to develop.

Stephen King is arguably a modern-day master of manipulating the written word to convey meaning. That’s why some legal coaches actually recommend that lawyers read his work. He was a way of using words with beautiful tempo and rhythm - probably the reason his work is so popular.

They Read Up On Everything

Successful lawyers also understand the value of reading widely. The purpose of consulting a lot of different materials isn’t to become a walking encyclopedia. Instead, it is to broaden your thinking and develop new methodologies.

Resources, such as Practical Law from Thomson Reuters, are readily available, so virtually any lawyer can do it. But it takes time. Try to view it as an investment that will let you perform better for your clients in the future.

They Develop Better Verbal Communication Skills

Written and verbal communication tend to be highly correlated. However, most people are better at one than the other.

If your verbal communication skills are lacking, there are many ways you can improve them.

  • Think before speaking: As a professional lawyer, nothing is stopping you from considering your words before you open your mouth. In fact, many clients will expect it.
  • Be concise: Don’t add unnecessary words to pad out your sentences. Avoid fillers, such as “if you know what I mean” and “at the end of the day.” Focus purely on delivering the meaning.
  • Tailor your language to your client: For instance, if you’re talking to somebody with a PhD, then don’t shy away from introducing legal jargon: the chances are that they will understand it. However, if you’re talking to a young person, you might want to explain things in plain English, minus all the complications.
  • Keep your tone in check: Lawyers should always speak as the servants, no matter what their clients have allegedly done. Therefore, the tone needs to be respectful, candid and compassionate.
  • Actively listen: Even if you know where the conversation is going, it pays to listen to your clients actively. Don’t steamroll them with immediate answers. Instead, consciously absorb their stories and concerns. Actively listening includes avoiding jumping to conclusions, paying close attention, and waiting for the other person to finish speaking before interrupting.
  • Be confident: If you mumble while you are talking, you communicate a lack of confidence. Furthermore, if you lack confidence, people are less likely to take you seriously, cutting your potential paycheck. Fortunately, speaking confidently is something you can practice. The more you do it, the more you get used to it. Eventually, adopting a commanding tone becomes second nature.
  • Be authentic: Skilled communicators don’t try to rig conversations. Instead, they remain authentic throughout. But how can they do this? It all comes down to the work they do internally on their personality. The authentic person is happy with who they are and doesn’t try to hide. Clients can detect this and feel safer when they do.

They Provide Balanced Answers

While top lawyers get results, they are always matter-of-fact with their clients about what they can achieve. In other words, they give clients a balanced view of their case, where it is likely to succeed, and where it may fall down. The best lawyers will often outright reject a case if they can’t meet the needs of their clients in the way they expect. Sugarcoating a case will backfire.

They Maintain Their Integrity

Situations will often tempt lawyers to take shortcuts and behave unethically. However, top lawyers understand that this is a false economy. The short-term gains of dishonesty are often outweighed by the long-term benefits of being trusted and respected. Yes, it is tempting to cover up mistakes, but top lawyers don’t do it. They’re always open.

They Build A Professional Network

Lastly, the best lawyers invest a considerable length of time building their networks. They know that cultivating relationships with other professionals is likely to help them move firm, get better positions and become renowned by their peers.

What’s interesting about top lawyers is that they look both up and down the hierarchy when building their networks. They know that younger lawyers are just as valuable as older ones as these will become the decision-makers in the future.

Some lawyers - particularly those who work with businesses - can spend up to 50 percent of their time networking. Building relationships with firms can be exceptionally lucrative long term.

About The Authors

Luqman Jackson

Luqman Jackson - Luqman Jackson is an entrepreneur, blogger and traveler. He teaches copywriting, creative discipline, and ethical marketing. For business owners who want to learn the basics of persuasive writing, she has a weekly column, a podcast, and a copywriting course.

Recent Articles

  • Crypto Accessories Every Crypto Holder Should Know About

    Crypto Accessories Every Crypto Holder Should Know About

    These days, crypto accessories and gadgets can be found everywhere. There is a vast selection of products available for purchase, ranging from cryptocurrency wallets to devices that make buying and storing NFTs easier. If you enjoy cryptocurrencies and would like to own some, trade some, and play around with it, read on. These Bitcoin accessories will quickly become some of your favorite electronic gizmos.

  • MoviesCouch Hollywood Movies Download – Down, Down The Drain

    MoviesCouch Hollywood Movies Download – Down, Down The Drain

    It looks like one site will let down film lovers who used to frequent it for movies that they can download for free. If you’re looking for MoviesCouch Hollywood movies download, prepare to be disappointed.

  • Best Lotion For Jerking Off That Won't Damage Your Skin In 2022

    Best Lotion For Jerking Off That Won't Damage Your Skin In 2022

    Many people nowadays are looking for the best lotion for jerking off that will enhance their self-pleasure moments while not harming their skin.

  • Gerard Butler Net Worth - The Real Leonidas Of Sparta

    Gerard Butler Net Worth - The Real Leonidas Of Sparta

    The Scottish actor Gerard Butler net worth is $40 million. Gerard originally majored in law, but he gradually drifted toward acting and grew to be one of Hollywood's most known faces.

  • Keanu Reeves - $380 Mill Net Worth, Career, Earnings And Lifestyle In 2022

    Keanu Reeves - $380 Mill Net Worth, Career, Earnings And Lifestyle In 2022

    A musician, actor, producer, and philanthropist, Keanu Reeves net worth is $380 million. He has acted in scores of movies throughout the years, some of which have grossed billions of dollars at the box office. He is likely best known for the John Wick and The Matrix movie series.

  • MoviezAddiction.Website – Feeding People’s Craving For Films, TV Shows

    MoviezAddiction.Website – Feeding People’s Craving For Films, TV Shows

    Addicted to movies and TV shows? Not wanting to make you become more obsessed, but have you heard about MoviezAddiction.website, a source of thousands of films and shows you can download?

  • Can You Trust Rhino Air Hockey?

    Can You Trust Rhino Air Hockey?

    Work and family take up so much of our time these days that it's surprising how little time we have left for our enjoyment and fun. But just because we're adults doesn't mean we have to make our whole lives about work. You need to play Rhino Air Hockey Table to add joy to your life, relieve stress, and connect with other people and the world around you.

  • How Much Is A Mail Order Bride? Mail Order Bride Cost Estimated

    How Much Is A Mail Order Bride? Mail Order Bride Cost Estimated

    Interested in mail order bride pricing? Our estimations of mail order bride cost will help you on your quest for a foreign soulmate. Read this to learn more!

  • Head Of AmCham Guatemala Juan Pablo Carrasco De Groote: The “Art Of The Deal” (Guatemala-style)

    Head Of AmCham Guatemala Juan Pablo Carrasco De Groote: The “Art Of The Deal” (Guatemala-style)

    For over 10 years, the head of AmCham Guatemala has been Juan Pablo Carrasco de Groote – the unchanging face of the chamber of commerce.