Highest Paying Law Firms in Nigeria 2024: Top 12

Highest paying law firms in Nigeria: You will agree with me that in Nigeria, the legal profession is not the most lucrative profession. This is apparently because of the situation of the country and the increasing number of students enrolling into the profession everyday. Just last year, about 5,000 students were offered admission to study law in Nigeria. Of course, this is a good news at the face of it but on the other hand, it is indirectly reducing the value and prestige of the profession.

Today, law firms pay very low amount of money to young lawyers because there are thousands of lawyers who are looking for job. It has gotten to the extent that some pay firms pay as low as N20,000 to lawyers. Yes! this will take you aback but it is just the truth. I know many lawyers who are paid 20k every month.

That notwithstanding, there are still some law firms that pay a reasonable amount of money to their lawyers. These law firms are still some of the firms i mentioned in my article on the best law firms in Nigeria 2024. They are very popular, competitive and they demand a lot from their lawyers. Nonetheless, they are the highest paying law firms in Nigeria as at the time this article was written.

If you are young lawyer reading this, it is pertinent to note that almost all the law firms here have strict requirements for employing new associates. So, before going to apply for job in any of the firms mentioned in this article, make sure you do thorough search about those requirements. Alternatively, you can comment on the comment section below for more information.

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Top 12 Highest Paying Law Firms in Nigeria 2024

Below are Nigeria’s highest paying law firms in 2024:

1. Banwo & Igbodalo – N100,000 per month
2. Templars – N100,000 per month
3. Aluko & Oyebode – N100,000 per month
4. Ajumogobia & Okeke – N90,000 per month
5. Olaniwun Ajayi LP – N90,000 per month
6. Udo Udoma & Bello Osagie – N80,000 per month
7. Abdulahi, Taiwo & Co – N75,000 per month
8. Adepetun Caxton Martins Agbor and Segun – N70,000 per month
9. Aelex – N80,000 per month
10. Gani Fawehinmi Chambers – N50,000 per month
11. G Elias
12. Kenna Partners

Yeah! Those are the highest paying law firms in Nigeria as at the time this article was written. It should however be noted that the salaries mentioned in this page are not static. Depending on the qualification of some lawyers, the salary can be increased or reduced. If you need more information about these firms, please kindly read about all the firms mentioned in this article in the following section.

1. Banwo & Igbodalo

Address: 48 Awolowo Road, South-West Ikoyi, Lagos
Website: www.banwo-ighodalo.com
Salary: N100,000 per month

There is no doubt that Banwo & Igbodalo is one of the top law firms in Nigeria. It is the dream of many young lawyers in Nigeria. Banwo & Igbodalo the best law commercial law firms in Nigeria. The firm is also one of the highest paying law firms in Nigeria as at the time this article was written.

According to Whoswholegal, Banwo & Ighodalo was established on 1 February 1991 with a resolve to create a world-class law firm. Banwo & Igbodalo is on the business of serving their clients better, and to provide exceptional results in the legal system of Nigeria.

When it comes to offering employment, Banwo & Igbodalo has strict guidelines. I don’t think they employ lawyers that did not graduate with a first class or a second class upper into the firm. If you really want to work in this firm, you must show that you are really an outstanding lawyer.

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2. Templars

Address: 5th Floor, The Octagon, 13A A.J. Marinho Dr, Victoria Island, Lagos
Website: https://www.templars-law.com/
Salary: N100,000 per month

The next highest paying law firm in my list is the prestigious and popular Templars. There is no doubt that Templars too is one of the best law firms in Nigeria. They cover diverse areas of law including Corporate and Commercial, Energy and Natural Resources, Telecommunications etc.

According to IFLR 1000, 2017 edition, Templars has an excellent energy and infrastructure offering and ranks among the country’s top firms across all areas. The firm is obviously one of the best and most popular.

Just like Banwo & Ighodalo, Templars is also very competitive. They don’t just take any lawyer that comes to the firm seek to be employed. To be employed, you must have distinguished yourself in the field of law. It is worthwhile to note that Templars is an international law firm. They handle matters from from both local and foreign clients.

3. Aluko & Oyebode

Address: Lagos, Nigeria
Salary: N100,000 per month
Website: https://www.aluko-oyebode.com/

This list is incomplete with mentioning the almighty Aluko & Oyebode. If you are a lawyer or law student in Nigeria, then you must have heard about Aluko & Oyebode.

Aluko & Oyebode is probably the oldest law firm in Nigeria, and the highest paying too. They pay about N100,000 per month to their newly enrolled lawyers. With time, the salary of young lawyers are increased by the firm’s administrators.

As the name suggest, Aluko & Oyebode was founded by Gbenga Oyebode and Bankole Olumide Aluko, SAN in the 80s. The major practice areas of the firm are Corporate and Commercial Practice. Indeed, Aluko & Oyebode is one of the best in Nigeria. The firm has represented clients from different parts of the world.

Following the above, you need no one to tell you that getting employed in this firm is not very easy. It takes only a dedicated and hardworking lawyer to gain employment in this kind of firm.

4. Ajumogobia & Okeke

Address: 20 Marina, Sterling Towers
2nd Floor, Lagos Island, Nigeria
Salary they pay: N100,000
Website: http://www.ajumogobiaokeke.com

Ajumogobia & Okeke Is another outstanding law firm in Nigeria that pays very well. This is apparently true as many lawyers have attested to it. According to IFLR1000, Ajumogobia & Okeke started its activities in 1984. Over the years, the firm has succeeded in establishing its reputation by acquiring unrivalled knowledge of its clients’ business sectors, as well as strong and long-standing contacts throughout the commercial sector.

In paying employees, Ajumogobia & Okeke is one of the best and that is why i mentioned them in my list above. They pay as high as N100,000 per month to their newly employed lawyers. It is worthwhile to know that Ajumogobia & Okeke is a multi-partner law practice with diverse expertise at the partner level and firm-wide. Their practice areas include; Asset finance, Banking, Capital markets etc.

5. Olaniwun Ajayi LP

Address: Plot L2, 401 Close , Banana Island, Ikoyi, Lagos
Email: [email protected]
Website: www.olaniwunajayi.net/

This firm was founded by one of the outstanding lawyers in Nigeria, Late Sir Olaniwun Ajayi. Olaniwun Ajayi LP is undoubtedly one of the exceptional law firms in Nigeria with offices in major commercial centers across Nigeria. From the outset, the Firm has built-in, a reputation for excellence, superior legal work and bespoke client service.

Currently, Olaniwun Ajayi LP pay at least N90,000 per month to their newly enrolled lawyers. The firm is well established with about 50 to 100 employees. Olaniwun Ajayi LP is obviously a competitive and prestigious law firm in Nigeria. They don’t take any kind of lawyer. You only have a chance to work in this law firm if you graduated with at least a first class honor or or second class honor from the Nigerian law school.

Legal500 has stated that Olaniwun Ajayi is one of the leading commercial law firms with broad financial, corporate, energy and natural resources and regulatory advisory practice areas. Indeed, they are one of the best.

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6. Udo Udoma & Bello Osagie

Address: St. Nicholas House, 10th & 13th Floor, Catholic Mission St, Lagos Island, Lagos.
Website: https://www.uubo.org/
Salary they pay: N80,000 per month

Udo Udoma & Bello Osagie is evidently one of the best law firms in Nigeria too. The firm is known both in Nigeria and other foreign countries. ICLG says that Udo Udoma & Bello Osagie (also known as UUBO) has been described in international rankings as one of Nigeria’s “Magic Triangle” law firms. The firm is hell bent on providing practical and creative legal solutions founded on a philosophy of providing bespoke legal advice that is accessible, commercially oriented and consistently sound in principle.

With the experience, consistency and dedication of members of this firm, i will recommend this firm for anybody searching for a good law firm to work with in Nigeria. In fact, their lawyers are gifted in the field of law.

Udo Udoma & Bello Osagie pay N80,000 to their newly employed lawyers. This amount, like i said, is not static. It all depends on the qualification and experience of the employee. Nonetheless, if you really want to mention the highest paying law firms in Nigeria, you are wrong if you do not mention Udo Udoma & Bello Osagie. They are indeed one of the highest paw law firms in Nigeria today.

7. Abdulahi, Taiwo & Co

Location: 500 Tafawa Balewa Way, Garki, Abuja
Website: https://www.abdulaitaiwo.com/
Salary: N75,000 per month

Abdulahi, Taiwo & Co is another law firm in Nigeria that must be mentioned when discussing the highest paying law firms in Nigeria. As at the time this article was written, Abdulahi, Taiwo & Co pays N75 – 80,000 per month to their newly enrolled lawyers. This is obviously a huge amount of money when compared with the salary most law firms pay. Abdulahi, Taiwo & Co is well respected throughout Nigeria. It is known for it outstanding practice in commercial and IP law.

Research shows that Abdulai, Taiwo & Co was established in 1976 with the aim of contributing greatly to the Nigerian legal system. The firm, is registered with the Bureau of Public Enterprises (“BPE”), the Securities and Exchange Commission (“SEC”) and other professional service. This should tell you how prestigious, reliable and competent the firm is.

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8. Adepetun Caxton Martins Agbor and Segun (ACAS-Law)

Address: 9th Floor, St Nicholas House 26 Catholic Mission Street P.O Box 55285, Falomo Lagos
Website: https://acas-law.com/
Salary: N70,000 per month

Adepetun Caxton Martins Agbor and Segun is another excellent law firm in Nigeria. The firm is among the top 10 law firms in Nigeria. Adepetun Caxton Martins Agbor and Segun has legal specialists in different areas of law. They are the leading law firm in Nigeria and some parts of Africa.

ACAS-LAW is known for providing world-class legal and business advisory services across an array of legal practice areas to different clients that include blue-chip domestic and international clients, foreign government agencies and individuals.

Even though this firm is not actually paying as high as other law firms I have already mentioned here, i still think they are one of the highest paying firm when compared with what other firms pay in Nigeria.

9. Aelex

Address: Lagos, Nigeria
Website: https://www.aelex.com/
Salary: N80,000 per month

In my view, Aelex is the best dispute resolution law firm in Nigeria. It is also one of the best commercial law firms in Nigeria too. Research shows that Aelex is one of the largest law firms in West Africa with offices in Lagos, Port Harcourt, Abuja and even in Accra, Ghana.

After my research, I found that most of the lawyers in my article on the best lawyers in Nigeria are employees of Aelex. Frankly speaking, aelex is flooded with legal luminaries from different fields of law. The firm is an international law firm with offices at different parts of the world.

Truth be told, Aelex does not accept babies in law. If you really want to be employed in the firm, you need to work exceptionally hard. They pay about N80,000 as salary to newly employed lawyers in the firm.

10. Gani Fawehinmi Chambers

Address: 35, Adediran Ajao Road, Ajao Estate, Anthony Village, Lagos, Nigeria
Website: www.ganifawehinmilibandgallery.com
Salary: N50,000 per month

If you are a Nigerian and you don’t know about Gani Fawehinmi, then it is obvious that you don’t read books. Gani Fawehinmi was the man that significantly changed the legal system of Nigeria. He is the founder of the Nigerian Weekly Law Report (NWLR), Nigerian’s most reliable law report.

Even though he is now late, Gani Fawehinmi Chambers is still one of the best chambers in Nigeria. They pay about N50,000 to newly employed lawyers. The firm is popular, prestigious and recognized both in Nigeria and in other parts of the world. If you really want to work here, I strongly suggest that you make enquiries from lawyers who are currently working or who worked in the firm before now.

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11. G Elias

G Elias, a famous business law office in Nigeria, was founded 30 years ago. This company is well-known for creating challenging, creative, and critical work to the highest standards. It also has a remarkable track record in this regard. They have issued advise on a number of significant changes to Nigerian business law.

G Elias’ areas of expertise include capital markets, insolvency, mergers and acquisitions, strategic investments, reorganisations, foreign investment, compliance, lending, derivatives, litigation, arbitration, “white collar” defence, investigations, taxation, and intellectual property. The average monthly earnings of this Lagos based firm is N272,000.

12. Kenna Partners

Since its founding in 1993, Kenna Partners has expanded to rank among the highest-paying legal businesses in Lagos and as a full-service legal firm in Nigeria. They have demonstrated competence in a variety of practice areas, and their clients have grown to rely on them as reliable consultants.

Kenna’s knowledge is now something that colleagues and clients may benefit from. They take great satisfaction in their guarded culture and traditional approach to the profession of law. The average monthly pay is NGN 195,000. Address: Victoria Island, Lagos.

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Oh yeah! There you have the highest paying law firms in Nigeria currently. If you are a lawyer, law student or a researcher, and you really need more information about these law firms, make sure you let me know using the comment section below this article. Meanwhile, hope you enjoyed reading this work? I would like to know what you think about these law firms. Are they really the best for you? Use the comment section and let other readers hear from you!