Have you ever thought about increasing your earnings as a lawyer without working double shifts? Yes, that’s possible.
This article will discuss some platforms where lawyers can make money online.
As a Legal expert, you can utilize your skills in areas other than your primary job.
The internet allows you to expand your expertise and network on a global level. You can assist global clients while sitting on your sofa with your laptop. It’s that simple.
Because of the work nature, lawyers are not usually used to working from home.
However, legal expertise applications have crossed all physical borders thanks to the evolving software industry.
You can register on mobile apps and websites and offer legal services from the comfort of your home. a PC with an active Internet connection is all you need.
Now let’s get started.
How to Make Extra Money as a Lawyer
How can a lawyer generate money online, despite the fact that legal practice is a profitable and respectable profession? Other ideas and techniques to augment your income are available to you.
As a lawyer, I’ve resorted to a few passive income streams that allow me to generate money without exerting any work.
You may be making money with your legal experience in ways you haven’t considered previously if you use your time properly and go beyond trading hours for bucks.
So, which of the earning options do you think is? Let me show you-
Legal work
Yes, good old-fashioned legal work that we all know and, on some level, like.
Legal work is often manual work in which a client pays you for a legal service based on the hours you work for them.
Legal work is time-consuming and can be stressful. It is often well paid depending on the type of legal work you do.
Coaching
Effective legal coaches provide strategy, support, and guidance to other lawyers or niche groups based on their specific skill set and the client’s requirements.
For example, a coach who helps lawyers establish their law firms or a coach who helps law firms develop and implement strategic digital marketing plans.
Coaching can have a reasonable price point, and parts of it can be automated.
Speaking
Getting paid to speak at legal conferences and other events can be exciting, rewarding work.
Speaking fees vary greatly; earning several hundred, if not thousands, bucks through speaking engagements is not uncommon.
Just don’t forget about the time spent organizing travel and accommodations, the day or two of travel, emails back and forth, preparing your slide deck, and so on – there’s a lot more to a speaking gig than the time you’re on stage.
Teaching
Another way to monetize your legal knowledge is to work as a lecturer or tutor at a university or university.
The pay for these teaching jobs differs, and you’re usually just paid for your teaching hours – not the prep work required to teach the class well or mark assignments and exams.
Advertisers / Brand Sponsors
It’s time to become #instafamous.
You’ve probably seen big-following YouTubers, podcasters, and bloggers getting advertisers and brand sponsorships and selling merch.
You can do it as well; start by seeing the more significant potential of your brand.
Using blogs, social media, a podcast, YouTube, webinars, challenges, or video series, you can generate buzz and an audience by creating content about you and your field of expertise.
Once you’ve built an audience and influence, you can focus on obtaining advertisers and brand sponsorships – reach out to legal industry service providers such as legal tech companies, insurance companies, and legal recruiters interested in being promoted by legal influencers.
While this can be lucrative, it can be time-consuming to organize, but an agent can help.
Investing In Real Estate
You can make money as a real estate professional with a good credit score. Some options do not need a hands-on approach.
Rental properties, real estate investment trusts, real estate investment groups, home flipping, and online real estate platforms are examples. Real estate courses are also available.
Invest In Mutual Funds
A mutual fund combines funds from several investors. This money is then invested in bonds and stocks.
Investors buy a fund share, which implies that each investor owns a part of the fund portfolio.
The income generated by the portfolio is shared with each investor.
Money market funds, private equity funds, and bond funds are the most common mutual funds in the U. S.
Legal Products
The main difference between a legal product and a legal service is that a legal product may be mass-produced and sold, while legal services are usually supplied one at a time.
Online courses, apps, and eBooks are examples of legal products.
Once you’ve started to build an audience (see five above), you can create and sell a legal product based on your legal expertise.
Online courses will be more costly, but they may become more labor-intensive.
Ebooks need a significant time investment at the start, but once written, you can delegate most of the ongoing promotional effort to a team.
Online Legal Solutions
Online legal solutions (also known as productized legal services) fill the gap between legal products and legal services.
They are a new legal service in which intellectual property is leveraged, processes are standardized, and software automates most legal work.
LegalZoom and LawPath have shown a demand for productized legal services, but they cannot capitalize on the opportunity since they are not registered law firms and cannot practice law.
Online legal solutions are one of the most significant opportunities for your law firm today.
They include one-time purchases from your firm’s website (such as buying one-time legal documents), monthly subscriptions (such as 24/7 access to a wide range of legal documents, help resources, and a limited amount of legal advice from a lawyer), and bespoke online legal solutions such as document portals for VIP clients.
Other Ways to Make Extra Money as a Lawyer
What are some ways for attorneys to generate money online? If you are enthusiastic about or educated about anything, you may easily convert it into a source of passive income.
You could be thinking, “Wait, I don’t know anything else than law.” Don’t worry, I’ll teach you how to make money as a lawyer with little or no stress or time commitment.
There is a passive income notion you may pursue and make additional money on the side depending on what you enjoy or are capable of doing.
Ridesharing.
If you dislike renting your car, you can sign up as a driver on a ride-sharing app.
Rideshare side gigs with companies like Uber and Lyft are among the highest-paying side hustles.
You have complete control over the hours, so it will not clash with your full-time job.
Online Tutoring
Online tutoring is offered for high school and college students.
You’ll find tutoring gigs on Studypool, TutorMe, and Tutor.com. Choose from different topics available on these platforms.
Freelance Writing
You could start part-time freelance writing to earn extra money while not working.
Freelance writing jobs may be found on sites such as Upwork, Toptal, and FlexJobs.
Writing a Thesis
Thesis writing is a form of freelance writing in which projects are done for graduate students.
It usually takes a lot of time, but you can work around your schedule, primarily if you work online.
Thesis writers are typically paid much more than other types of freelance writers.
Sell Anything You Aren’t Using.
You do not need professional qualifications or a fancy business model to sell items you no longer use.
You can use websites such as Craigslist, Facebook Marketplace, or OfferUp.
List of Online Work and Earning Platforms for Lawyers
Here are several websites and apps where you can work from home as a legal expert:
UpCounsel
UpCounsel is a biz online legal marketplace.
This platform is ideal for clients who want to hire lawyers for small tasks or get legal advice online.
The platform offers services to small businesses, start-ups, law firms, and other groups without the hassle of charging extra fees.
UpCounsel allows lawyers to create online profiles that showcase their areas of expertise.
Hire an Esquire
Another great platform for freelance lawyers is Hire an Esquire.
The platform is a legal marketplace online that connects law firms and in-house legal departments with a pool of attorneys for short-term projects.
Only legal firms can use this platform to post projects and hire freelance lawyers online to work on these projects for a specific period without incurring overhead costs.
Upwork
Upwork is another freelance platform where attorneys can give their legal assistance to the world; Upwork has a high potential for lawyers to earn a lot of money quickly since many American citizens use it for legal consultations and writing.
Attorneys who work on Upwork make an average of $500-800 per week. Especially those who are available online.
To start, sign up and make an account, set up your profile, and answer brief interview questions about your skills.
Once you’re done, submit your profile and wait for an acceptance email before you can create a gig on the platform.
LawTrades
LawTrades is a free marketplace where lawyers can find freelance work, and clients can hire them.
It’s a simple message-based platform that links clients with fixed-fee legal counsel.
Anyone can post a legal task on the company’s website. This can include individuals, start-ups, businesses, etc.
Fiverr
Fiverr is one of the standards and biggest freelance marketplaces where freelancers worldwide offer online services.
Because thousands of business owners are looking for attorneys to help them with their legal issues, Fiverr is the most accessible platform for attorneys to start making money online.
Fiverr is very simple to use; you must sign up and put up a gig to provide legal writing services or legal consultation.
You can use the buyer’s request section to find a freelance job as a new user quickly.
Law Clerk
A law clerk is a new legal services platform that enables law firms or legal departments to hire freelance lawyers for short-term projects online.
This platform is meant for organizations that need legal services for a short period.
FlexLegal
FlexLegal is a legal firm that works with freelance lawyers.
If you have been freelancing and have practiced law for at least five years in a top legal firm, you can apply to work as a freelance lawyer with FlexLegal.
You can join FlexLegal by completing their application form and waiting for an interview, which is usually held on Fridays.
If you need extra work or have been out of practice for a while as a lawyer, you can try Flexlegal.
Montage Legal Group
Montage Legal Group is a great freelance attorney platform.
The company offers part-time or project-based freelance legal services.
Montage Legal Group works with a small pool of freelancers to complete its jobs.
The legal services firm signs contracts with several firms monthly for new projects. Most of their customers are repeat customers.
In-Demand Practice Areas and Job
The most challenging phase of hiring managers is the lack of available talent.
Law firms are looking to hire people with experience in the following areas:
- Real estate law
- Commercial law
- Litigation
- Family law
- Intellectual property
Corporate legal departments like financial services, government, healthcare, and technology are growing.
These teams need professionals with backgrounds in:
- Contract management
- Compliance
- Labor and Employment
- Contract management
- Mergers and acquisitions
Most employers seek mid-level legal professionals with three to five years of experience.
Average Salaries
Starting salaries for most positions continue to rise in this candidate-led market.
Here are some average starting salaries in the legal area at the midpoint or 50th percentile:
- Law firm lawyer (4-9 years of experience): $120,000
- In-house counsel (4-9 years of experience): $122,500
- Paralegal (4-6 years of experience): $63,750
- Contract manager (4-6 years experience): $75,250
- Compliance manager (7-9 years experience): $100,250
The range includes consideration of the regional cost of living, skill availability, and other factors.
You can use the Salary Calculator to compare average salaries in your area.
The salary range for each position reflects the average starting salary, the amount earned by a job candidate at any level upon starting a new job.
Bonuses and other benefits, such as retirement benefits, are not included.
Countries with the Highest Salary for Lawyers
Law is one challenging field of study which takes up many years of study in the university before one can be called to the bar and start practicing the profession.
This is the time to decide where and when to start your career and obtain monetary value and a fulfilling career.
Some of the top countries with the highest lawyer salaries are listed here, from bottom to top.
- 92,173 USD: Ireland
- 96,257 USD: United States of America
- 101,484 USD: Germany
- 118,300 USD: United Kingdom
- 118,540 USD:
- 131,041 USD: Norway
- 134,370 USD: Netherlands
- 142,033 USD: Australia
- 193,796 USD: Canada
- 260,739 USD: Switzerland
Final Thought
Now that you know how to make extra money on a low note, the internet changes how a business operates, and lawyers are not left out.
Lawyers who want to build a successful legal career should use the internet to expand the reach of their law practices.
Nothing stops you from earning money as a lawyer online. Earning more money online will not affect your image as a lawyer.
Instead, it will help you reach a wider audience while improving the quality of your services.