>$1,500/hr is pretty crazy regardless of your field.
So that's $3 million/year assuming someone takes pretty much normal US vacations and holidays. And bills 8 hours/day which certainly no lawyer does unless they're working insane hours. So maybe cut that in half. (And leaving aside that you almost certainly can't book a full schedule.)
Is $1.5 million/year still a lot of money? Sure. It's also not out of the realm of even non-executive compensation in places like Silicon Valley or even the medical field. And, in practice, most people doing this even those who command the highest sums, are probably doing this much less than 1,000 hours/year. Those who do earn the highest amounts are doing it, like lawyers and consultancies, by billing out associates who earn a lot less than their billable rate.
So that's $3 million/year assuming someone takes pretty much normal US vacations and holidays. And bills 8 hours/day which certainly no lawyer does unless they're working insane hours. So maybe cut that in half. (And leaving aside that you almost certainly can't book a full schedule.)
Is $1.5 million/year still a lot of money? Sure. It's also not out of the realm of even non-executive compensation in places like Silicon Valley or even the medical field. And, in practice, most people doing this even those who command the highest sums, are probably doing this much less than 1,000 hours/year. Those who do earn the highest amounts are doing it, like lawyers and consultancies, by billing out associates who earn a lot less than their billable rate.