The BCom Law is a business law degree that equips graduates with the knowledge base, theory, and methodology of commerce and the general rules of law. You will receive specialized knowledge in certain law subjects such as tax, accounting, governance, and compliance.
Below are salaried earned by A Bcom Lawyer In South Africa
This Article examines the Legal Profession in South Africa and the Salary of Lawyers therein. I encourage every young lawyer and law student in the country to carefully go through this article in order to understand the salary structure of south African lawyers currently (2021).
Salary: Salary is a fixed regular payment from an Employer to an Employee, usually Specified in your Contract of Employment and paid on a periodic basis, typically on a Monthly or Annual basis
In Simpler Words, Salary is the periodic payment made to a person for the Work such a person had done.
Lawyer: A Lawyer is a Legal Professional Specializing in the Practice of Law, offering Legal advice, and representing clients in Court.
Salary of South African Lawyers
The Salary of a Legal Professional in South Africa varies depending on your level of experience as a Lawyer, as in the following cases:
A Junior Attorney is an Entry-level Lawyer, most especially one who was recently called to the bar in South Africa or has 2-6 years of professional experience.
A Junior Attorney in South Africa usually earns an average salary of R 15,922 per month.
A Senior Attorney is higher in level than a Junior Attorney, having 4- 10 years of professional experience. Hence, their Salary is usually higher with an estimated Average Salary of R 30,000 per month.
Associates in a Law firm are usually committed to Supervising and developing Junior Lawyers. They also work closely with the Partners and other Associates to deliver exceptional legal services to clients. They usually earn an Average Salary of R 300,000 per year, divisible into a Monthly Salary.
A General Counsel is the main Attorney and Primary Source of Legal advice in a Law firm. They are involved in handling Legal issues for every department in the Law firm.
General Counsel usually earns an Average Salary of R 730,000 per year.
A Partner is a Lawyer who is a Joint Owner and Operator of the Law firm. They could either be Equity and Non-Equity Partners.
Equity Partners have an Ownership in the firm. Hence, they share the profits of the Firm. Non-Equity Partners on the other hand are Partners generally paid a Fixed annual Salary.
Most Partners in South Africa are Non-Equity Partners, and they usually earn an average salary of R 1,000,000 or more depending on the productivity of the Law firm.
Managing Partners Sit at the top of the hierarchy of the Law firm. They assume management responsibilities of the firm in addition to maintaining a Full-time Law practice in the Firm.
A Managing Partner usually earns over R 1,200,000 per annum depending on the type, structure, and Profits of the Law firm.
What can I do with a BCom law degree in South Africa?
The Bachelor of Commerce with Law (BCom) is a full-time 3-year degree.
Other areas include:
Negotiation and conflict resolution.
Legal, risk, and compliance consultant.
What type of lawyer gets paid the most in South Africa?
For what they do, tax lawyers tend to be among the highest-paid lawyers, not only in South Africa but in the whole world.
How much does a BCom graduate earn in South Africa?
The average BCom graduate salary in South Africa is R 180 000 per year or R 92.31 per hour. Entry-level positions start at R 162 000 per year, while most experienced workers make up to R 2 700 000 per year.
Which university is best for law in South Africa?
University of Cape Town
University of Cape Town (UCT)
QS World Rankings ranks UCT as the top university to study law in South Africa. The university is recognized for producing law graduates that are highly sought after both locally and internationally.
Which BCom degree is best in South Africa?
A Bachelor of Commerce in Accounting or Financial Management may be the best option for the above. Others may be creatively minded and have aspirations of starting their own business. The BCOM in Entrepreneurship may be a preferred choice for these individuals.
How long does it take to become a lawyer in SA?
The degree must be obtained from an accredited South African law school at one of the various universities or colleges in South Africa. The LLB degree usually takes four years to complete and the BCom plus LLB degrees five years.
How much are lawyers paid in South Africa?
The average lawyer salary in South Africa is R 847 950 per year or R 435 per hour. Entry-level positions start at R 324 000 per year, while most experienced workers make up to R 8 400 000 per year.
How much do LLB lawyers earn in South Africa?
The average tenure for legal professionals in South Africa is sitting at two years.
This is how much money lawyers earn in South Africa.
|IN-HOUSE – COMMERCE AND INDUSTRY||ANNUAL SALARY|
|3-6 years’ post-qualified experience||R750 000 – R950 000|
|1-3 years’ post-qualified experience||R500 000 – R750 000|