January 13 2013
How Much Are Summer Internships Paying for Law Students?
When you're in law school, it's unlikely that you'll get by without doing some sort of internship work. Generally, in the field of law, other names are used aside from "intern." However, that will depend upon the specific position and the firm. What exactly will you be paid during these projects?
It's not uncommon to have an internship and to receive no pay at all. In fact, many students hold these types of internships. Instead of receiving a large salary, you are completely immersing yourself in the experience. Don't slack off just because pay is not a part of the position. Once you have finished law school, you might just be able to find a job at the firm.
Other offices will pay you an hourly rate for your work. Once again, this figure is going to depend upon the exact work you are doing and the law firm. It's likely that the bigger and more popular the firm is, the higher your hourly wage will be. It could be around $10 an hour, or it might be as high as $50 per hour. Keep in mind that you need to always focus on the experience that you are getting while you are still in law school. Many people do not have the opportunity to work with prestigious law firms, so you should be glad that you do.
Most individuals are aware of the fact that lawyers make a decent amount of money. Depending upon where in the country you live, this could mean $70,000 per year, or this could mean $200,000 per year. In any case, the law firm might project what you would make if you were going to be there for the whole year. For example, let's say that you would make $100,000 at the firm, which comes out to just over $8,000 per month. Since you will be at the firm for three months, you would make approximately $24,000 for that time frame.
Embrace the Opportunity
When you are a summer intern, you often do not have dozens and dozens of choices for where you would like to work. Certainly, you can apply for a number of different internships, but you need to consider how close these are to you, where you will be living in the summer and, most importantly, the experience that the firm can provide. Let the amount of money you make in the internship be the last factor that you consider. You want to think about the long term goal of securing a job after graduation when it comes to these types of internships.
As you enter into law school, you need to be aware of an important bit of information: While you might make a large salary in the future, that doesn't mean you are going to start making money while you are in law school. As has been emphasized several times, you need to consider the impact that the internship will have on you in the long run.