If you’ve recently passed your bar exam, first of all, congratulations. We know how enduring law school is and the level of dedication, focus, and intelligence it takes. Furthermore, lawyers are essential professionals that help keep our society accountable, fair, and just.
However, even with your degree and certification fresh in hand, you may not know what to do next. The good news is that there is virtually no limit for you. The only problem is figuring out what to do with your law degree.
We’re here to help. Keep reading for four different business ideas for lawyers.
1. Personal Injury Lawyer
Accidents happen all the time. People get into car accidents, slip on ice, fall downstairs, and get hurt working at their job. When accidents like these happen, they often result in serious, life-altering injuries.
As such, the victims of these accidents deserve compensation for their pain in suffering, particularly if the accident was caused by someone else’s negligence. One of the different business ideas you might consider is becoming a personal injury lawyer.
You can help victims get financial restitution so they can live their best life, despite their tragic accident. As you probably know, personal injury lawyers charge a contingency fee, so you only get paid if you help your client win their case.
However, this contingency fee is normally 33% of the winnings. If the client were to be awarded $1,000,000, you would earn $330,000 from a single case.
2. Criminal Defense
Criminal defense lawyers don’t make nearly as much as personal injury lawyers. However, some people find this type of law firm much more valuable to society.
Though none of us want criminals roaming the streets or putting our families at risk, every person deserves a fair trial. As a criminal defense lawyer, you would represent people being accused of various crimes. Your objective is to ensure they are proven guilty beyond a shadow of a doubt before they are convicted or prove their innocence.
3. Consumer Protection
There are several different business ideas for lawyers that offer high incomes, like consumer protection lawyers. What is a consumer protection lawyer?
Consumer protection lawyers represent consumers who have been injured, made ill, or otherwise compromised by the product they purchased. Consumer lawsuits can range from individual claims to class action lawsuits involving thousands of consumers. Common cases include things like pyramid schemes, false advertising, defective products, bait and switch tactics, and more.
Finally, consider taking the opposite side of criminal defense attorneys. Instead, represent the prosecution. Many people become a lawyer for precisely this reason.
Your legal specialties would center around proving the guilt of criminals. Your job is to put guilty people behind bars so that the rest of society can safely in a just and fair world. You would be keeping dangerous people off the streets.
Looking for Different Business Ideas?
Do any of these different business ideas sound appealing to you? Regardless of which route you choose, you can either join an existing law firm or start your own law practice. Make a choice that’s in alignment with your morals, principles, and professional goals.
And if you’re looking for more business advice or lifestyle tips, check out some of our other articles before you go. Our blog has a wide variety of content created for people from all walks of life.