How much do lawyers make in Lagos? It’s no secret that legal practitioners earn different amounts across the state. While some law firms pay their workers just enough for them to survive, there are others who are quite generous in the salaries they pay barristers. In this article, we discuss the Best Paying Law Firms In Lagos and how much their employees earn.
Knowing the amount barristers make yearly or monthly, can give you accurate information on the price you should ask for when you get a new job. Although salary varies based on the type of project you are doing, your level of experience, and your location; there are still firms that pay a standard amount that rivals what you’d get in other parts of Lagos.
Getting the exact income of lawyers in this state is information that many people in the legal field are interested in, especially freshers. This is because the law is a great profession that many people would love to get into. Having an idea of how lucrative the industry is, ensures that you only align yourself with the best clients and companies who are willing to fund your expertise.
Best Paying Law Firms In Lagos And Their Average Salaries Per Month
|Firms||Average Salary Per Month|
|Udo Udoma & Belo-Osagie||NGN 915,000|
|G Elias||NGN 672,000|
|Templars Barristers and Solicitors||NGN 583,333|
|Olaniwun Ajayi||NGN 471,000|
|Banwo & Ighodalo||NGN 300,000|
|Kenna Partners||NGN 95,000|
7 Best Paying Law Firms In Lagos
There are various factors that Lawyers consider when choosing law firms to work with. It may be because the firm specializes in an area that they are interested in. It might also be due to benefits such as salary, huge bonuses, rankings in legal directories, the work culture, growth, learning potential, or sheer competitive edge.
For the lawyers who choose a law based on salary, below are some Lagos law firms that pay their employees the highest amount in the state. They are also among the best law firms in Lagos.
1. Udo Udoma & Belo-Osagie
Taking the lead on the best-paying law firms in Lagos is Udo Udoma & Belo Osagie. They are a full-service corporate and commercial law firm with offices situated at key commercial centres in Nigeria.
Udoma’s corporate practice is facilitated by a company secretarial department, Alsec Nominees Limited which offers a wide range of company secretarial services and their sub-firm, U-Law which exclusively serves entrepreneurs, MSMEs, startups, and growth businesses across numerous industries, including FinTech.
Average salary per month: NGN 915,000.
Location: St. Nicholas House, 10th, 12th & 13th Floors), Catholic Mission Street, Lagos.
2. G Elias
G Elias is a leading Nigerian business law firm that was established 30 years ago. This firm is reputed for and has a stellar record of executing critical, innovative, and complex work to the highest standards. They have given advice on many significant developments in Nigerian business law.
Elias’ practice areas include – mergers, acquisitions, strategic investments, re-organizations, foreign investment, compliance, lendings, derivatives, insolvency, capital markets, litigation, arbitration, “white collar” defence, investigations, tax, intellectual property, etc.
Average salary per month: NGN 672,000.
Location: 6, Broad Street, Lagos.
3. Templars Barristers and Solicitors
Templars Barristers and Solicitors is a pioneer African law firm and one of the best paying law firms in Lagos. They advise clients across sectors and geographies to provide innovative solutions to their most difficult business challenges.
Clients that use Templars are global and regional business giants, market disruptors, and some of the most exciting startups in Africa. They proffer solutions to global energy firms, top financial institutions, manufacturing companies, and disruptive technology, plus a vast range of businesses.
Average salary per month: NGN 583,333.
Location: The Octagon, 13 A, A.J. Marinho Drive, Victoria Island, Lagos.
4. Olaniwun Ajayi
For the past 60 years, Olaniwun Ajayi has distinguished itself as a top international law firm. They provide bespoke, client-based services, and are spurred by the need for excellence in all their doings.
With a broad perspective, that makes them one of the few truly full-service law firms in Africa, Ajayi has mastered a wide range of legal matters that span litigious and the transactional.
Average salary per month: NGN 471,000.
Location: The Adunola, Plot L2, 401 Close, Banana Island, Ikoyi, Lagos.
5. Banwo & Ighodalo
Banwo & Ighodalo easily place amongst the best paying law firms in Lagos. B&I was founded in 1991 with a resolve to create a world-class law firm. Today they are reputed for offering innovative, competent, cost-effective, and timely solutions.
They are a structured partnership and a fairly large-sized Nigerian firm, currently comprising, over 80 solicitors. They work for public and private companies, companies, governments, Nigerian and foreign investors, financial institutions, foreign law firms, and international consultancy firms.
Average salary per month: NGN 300,000.
Location: 48, Awolowo Road, South West Ikoyi, Lagos Nigeria.
Aelex leads other law firms in Commercial & Dispute Resolution. They are one of West Africa’s largest full-service law firms with offices in Lagos, Port Harcourt, Abuja in Nigeria, and Accra, Ghana.
They provide legal services in commercial practice areas that span a broad spectrum of issues pertaining to Project Finance, Litigation & Arbitration, Oil & Gas, Agriculture, Capital Market & Securities Law, Power, Tax Law, International Trade, Aviation & Maritime Law, etc.
Average salary per month: NGN 175,000.
Location: 4th Floor, Marble House, 1 Kingsway Road, Falomo Ikoyi, Lagos.
7. Kenna Partners
Since its early days in 1993, Kenna Partners has grown to become a full-service law firm in Nigeria and one of the best paying law firms in Lagos. Their clients have come to rely on them as trusted advisors, and they have shown capacity across various practice areas.
Kenna’s expertise has become something clients and colleagues can leverage. They pride themselves on their traditional approach to the practice of law and reserved culture.
Average salary per month: NGN 95,000.
Location: 8 Ogunyemi Road, Victoria Island 106104, Lagos.