Moving to Another Practice Area: Pay Cut Expectations?

Description

Is it a myth or reality that taking on a new practice area as an attorney will inevitably result in a pay cut? The answer is complicated.
While it's true that switching specialties can sometimes lead to a decrease in pay, it's not a given. It's essential to consider all the factors, including your experience, location, and the demand for the new specialty in your market.
By researching and negotiating effectively, you may avoid a pay cut or even secure a higher salary in your new practice area.