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Legal Average Salaries in Iceland 2024

How much money does a person working in Legal make in Iceland?


Average Monthly Salary
893,000 ISK
( 10,700,000 ISK yearly)

LOW
256,000
ISK
AVERAGE
893,000
ISK
HIGH
2,040,000
ISK
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Legal in Iceland typically earns around 893,000 ISK. Salaries range from 256,000 ISK (lowest average) to 2,040,000 ISK (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Legal domain in Iceland exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Legal
Administrative Law Judge1,780,000 ISK
Arbitrator766,000 ISK
Associate Attorney789,000 ISK
Attorney1,310,000 ISK
Bailiff411,000 ISK
Barrister336,000 ISK
Blockchain Lawyer935,000 ISK
Candidate Attorney750,000 ISK
Conciliator644,000 ISK
Contracts Associate414,000 ISK
Contracts Manager740,000 ISK
Contracts Negotiator594,000 ISK
Contracts Specialist413,000 ISK
Conveyancing Secretary343,000 ISK
Corporate Counsel939,000 ISK
Counsel917,000 ISK
Court Clerk293,000 ISK
Court Judicial Assistant488,000 ISK
Court Liaison Specialist566,000 ISK
Court Reporter510,000 ISK
Court Representative390,000 ISK
Crown Prosecution Service Lawyer1,830,000 ISK
Data Privacy and Protection Lawyer1,060,000 ISK
Digital Forensics Lawyer1,090,000 ISK
E-discovery Lawyer1,130,000 ISK
General Counsel1,620,000 ISK
Genetics Lawyer1,250,000 ISK
Immigration Executive917,000 ISK
In House Counsel943,000 ISK
Intellectual Property Lawyer1,150,000 ISK
Intellectual Property Specialist645,000 ISK
Judge Advocate1,340,000 ISK
Law Clerk305,000 ISK
Lawyer1,320,000 ISK
Legal Administrative Assistant353,000 ISK
Legal Advisor804,000 ISK
Legal Assistant353,000 ISK
Legal Associate573,000 ISK
Legal Compliance Officer855,000 ISK
Legal Consultant803,000 ISK
Legal Consultant752,000 ISK
Legal Content Writer703,000 ISK
Legal Counsel955,000 ISK
Legal Data Analyst723,000 ISK
Legal Data Privacy Officer692,000 ISK
Legal Editor621,000 ISK
Legal Executive1,130,000 ISK
Legal Executive Secretary362,000 ISK
Legal IP Officer316,000 ISK
Legal Officer392,000 ISK
Legal Operations Manager1,420,000 ISK
Legal Process Outsourcing Professional801,000 ISK
Legal Project Manager1,600,000 ISK
Legal Risk Analyst1,240,000 ISK
Legal Secretary362,000 ISK
Legal Services Director1,510,000 ISK
Legal Services Manager1,510,000 ISK
Legal Support Worker235,000 ISK
Legal Technology Consultant619,000 ISK
Legislative Liaison627,000 ISK
Litigation Attorney1,490,000 ISK
Litigation Paralegal802,000 ISK
Litigation Support Specialist810,000 ISK
Magistrate Judge2,040,000 ISK
Paralegal504,000 ISK
Patent Attorney947,000 ISK
Privacy Compliance Officer591,000 ISK
Privacy Lawyer1,020,000 ISK
Social Media Lawyer949,000 ISK
Staff Attorney1,050,000 ISK
Venture Capital Lawyer1,290,000 ISK
Web Content Lawyer1,010,000 ISK


Legal Jobs Pay Scale and Salaries in Iceland

Median and salary distribution Iceland Legal monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,010,000 ISK or more
10% of people earn
824,000 to 1,010,000 ISK
20% of people earn
415,000 ISK or less
65% of people earn
415,000 to 824,000 ISK
Minimum Salary
256,000
ISK
Median
829,000
ISK
Maximum
2,040,000
ISK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Legal in Iceland range from 256,000 ISK (starting average salary) to 2,040,000 ISK (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Legal is 829,000 ISK, implying that half of the workforce in Iceland earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Legal in Iceland earn less than 610,000 ISK, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 1,050,000 ISK, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Legal in Iceland. The analysis revealed that roughly 65% of all reported salaries fell within the range of 415,000 ISK to 824,000 ISK. Approximately 20% of salaries were below the 415,000 ISK mark, while 10% ranged from 824,000 ISK to 1,010,000 ISK. Only 5% of individuals earned a gross salary of 1,010,000 ISK or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Legal in Iceland having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.


Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Legal in Iceland, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Iceland costs anywhere from 3,450,000 ISK to 10,300,000 ISK and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.



Salary and Compensation Comparison By Gender / Legal / Iceland

Salary comparison by gender Iceland Legal monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Legal in Iceland, the average difference between the salary of male and female employees is 5%.

Male
913,000 ISK
Female-4%
872,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Iceland for all Careers

Salary comparison by gender monthly Iceland
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Average Annual Salary Increment Percentage / Legal / Iceland

How much are annual salary increments in Iceland for individuals working in Legal? How often do employees get salary raises?

Professionals working in Legal in Iceland are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Iceland Legal
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Iceland / All Professions

Annual Salary Increment Rate Iceland
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Iceland is 2%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Legal / Iceland

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Iceland Legal
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61% of surveyed staff in Legal reported that they haven't received any bonuses or incentives in the previous year while 39% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Hourly Average Wage / Legal / Iceland


5,150 ISK per hour

The average hourly wage (pay per hour) in Legal in Iceland is 5,150 ISK.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Legal in Iceland is 1,470 ISK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Reykjavik941,000 ISK

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Iceland is 25% on average across all career fields.

Private Sector
614,000 ISK
Public Sector+25%
765,000 ISK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Legal in Iceland?

A good and competitive compensation would range anywhere between 829,000 ISK and 1,050,000 ISK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Legal in Iceland ranges from 256,000 ISK to 610,000 ISK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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