Paralegal Salaries - Articles - Zimbio

Paralegals And Secretaries – An Exploration Of Earnings

Fri, 5 Jul 2008 12:36:00 GMT

posted by interval
by Laura McDonald

Income for paralegals and legal assistants varies, depending on education and training, work experience, geographic location, and the employer by size and type. Typically, paralegals working for large metropolitan law firms earn more in salary and benefits.

According to the U.S. Department of Labor in May 2004, “full-time wage and salary paralegals and legal assistants had median annual earnings, including bonuses, of $39,130. The middle 50 percent earned between $31,040 and $49,950. The top 10 percent earned more than $61,390, while the bottom 10 percent earned less than $25,360.” In addition to their salary, many paralegals receive bonuses. It is unclear whether bonus reporting was included in the statistics; if not, those earnings would rise even higher.

Continuing with the Department of Labor statistics: “Median annual earnings of legal secretaries were $36,720 in May 2004. The middle 50 percent earned between $29,070 and $46,390. The lowest 10 percent earned less than $23,270, and the highest 10 percent earned more than $56,590.”

Thus, by comparison, paralegals have greater opportunity to earn a higher salary than legal secretaries.

Do legal secretaries earn approximately the same as other types of secretaries? No, it is higher. Referring back to Department of Labor compilations: “Medical secretaries earned a median annual salary of $26,540 in May 2004. The middle 50 percent earned between $21,980 and $32,690. The lowest 10 percent earned less than $19,140, and the highest 10 percent earned more than $39,140. Median annual earnings of secretaries, except legal, medical, and executive, were $26,110 in May 2004.”

Let’s compare the median annual salaries.

Paralegals - $31,040 to $49,950

Legal Secretaries - $29,070 to $46,390

Medical Secretaries - $21,980 to $32,690

Secretaries (Except Legal, Medical and Executive) - $26,110

Which type of position is more attractive based on salary?

It is highly advisable for young people to earn college educations. Competition for jobs is fierce, and particularly with current technological advances, higher education is just plain required to land career jobs. Players in the game of Life who go straight to work rather than the college route, in reality, may wind up with dead-end jobs and victims of the saying, “he worked until the day he died.”

With paralegal salaries registering at a higher rung than the other office positions, it is reasonable that legal assistants would more than likely require the most education and training. Employers hiring any of the above positions may consider candidates with general course work, but specialized training would naturally be given greater consideration. Specialized training suggests a new hire will pick up the work ball already running. This may also be less costly to the employer during in-house training.

Explore your opportunities for higher education, and consider a career as a paralegal. Salaries are good. The work is interesting. With advancement potential, a paralegal career is an excellent choice. Is it the right one for you?

About the Author
Are you fascinated by trials? Do you like helping people? A career as a Paralegal is challenging, rewarding, and NEVER boring. Sign up for free newsletters that show you how to step into this exciting career. Adventures await you.... http://www.paralegalsecretary.bravehost.com Laura McDonald is a paralegal. She is a member of NFPA (National Federation of Paralegal Associations). Laura is experienced in the areas of personal injury, civil litigation, family, environmental and corporate law, estate planning and bankruptcy. She works for Michael L. Hawkins & Associates, P.L.L.C., located in Frankfort, Kentucky. The firm's website is http://www.mlhlawky.com

Paralegals And Secretaries – An Exploration Of Earnings

Sun, 7 Jan 2008 07:14:00 GMT

posted by interval
Submitted By: Laura McDonald

Income for paralegals and legal assistants varies, depending on education and training, work experience, geographic location, and the employer by size and type. Typically, paralegals working for large metropolitan law firms earn more in salary and benefits.

According to the U.S. Department of Labor in May 2004, “full-time wage and salary paralegals and legal assistants had median annual earnings, including bonuses, of $39,130. The middle 50 percent earned between $31,040 and $49,950. The top 10 percent earned more than $61,390, while the bottom 10 percent earned less than $25,360.” In addition to their salary, many paralegals receive bonuses. It is unclear whether bonus reporting was included in the statistics; if not, those earnings would rise even higher.

Continuing with the Department of Labor statistics: “Median annual earnings of legal secretaries were $36,720 in May 2004. The middle 50 percent earned between $29,070 and $46,390. The lowest 10 percent earned less than $23,270, and the highest 10 percent earned more than $56,590.”

Thus, by comparison, paralegals have greater opportunity to earn a higher salary than legal secretaries.

Do legal secretaries earn approximately the same as other types of secretaries? No, it is higher. Referring back to Department of Labor compilations: “Medical secretaries earned a median annual salary of $26,540 in May 2004. The middle 50 percent earned between $21,980 and $32,690. The lowest 10 percent earned less than $19,140, and the highest 10 percent earned more than $39,140. Median annual earnings of secretaries, except legal, medical, and executive, were $26,110 in May 2004.”

Let’s compare the median annual salaries.

Paralegals - $31,040 to $49,950

Legal Secretaries - $29,070 to $46,390

Medical Secretaries - $21,980 to $32,690

Secretaries (Except Legal, Medical and Executive) - $26,110

Which type of position is more attractive based on salary?

It is highly advisable for young people to earn college educations. Competition for jobs is fierce, and particularly with current technological advances, higher education is just plain required to land career jobs. Players in the game of Life who go straight to work rather than the college route, in reality, may wind up with dead-end jobs and victims of the saying, “he worked until the day he died.”

With paralegal salaries registering at a higher rung than the other office positions, it is reasonable that legal assistants would more than likely require the most education and training. Employers hiring any of the above positions may consider candidates with general course work, but specialized training would naturally be given greater consideration. Specialized training suggests a new hire will pick up the work ball already running. This may also be less costly to the employer during in-house training.

Explore your opportunities for higher education, and consider a career as a paralegal. Salaries are good. The work is interesting. With advancement potential, a paralegal career is an excellent choice. Is it the right one for you?

About the Author:

Are you fascinated by trials? Do you like helping people? A career as a Paralegal is challenging, rewarding, and NEVER boring. Sign up for free newsletters that show you how to step into this exciting career. Adventures await you.... http://www.paralegalsecretary.bravehost.com Laura McDonald is a paralegal. She is a member of NFPA (National Federation of Paralegal Associations). Laura is experienced in the areas of personal injury, civil litigation, family, environmental and corporate law, estate planning and bankruptcy. She works for Michael L. Hawkins & Associates, P.L.L.C., located in Frankfort, Kentucky. The firm's website is http://www.mlhlawky.com

Paralegal Salaries

Thu, 7 Dec 2007 08:05:00 GMT

posted by interval
By Kent Pinkerton

Paralegal salaries depend on various factors such as education, training, experience, geographic location and type of the firm. Paralegals who work in large metropolitan areas generally earn more money than those who work in less populated regions. Generally, the annual salary of a paralegal can range from $24,470 to more than $61,150. The median salary of a paralegal is approximately $33,000. Benefits included in the annual salary of a paralegal are health insurance, sick leave, vacation time and retirement plan. Many paralegals receive year end and case bonuses in addition to their annual salary.

There is salary variation in large firms, small legal firms and government agencies. Paralegals working for the government receive higher salaries and benefits. The large law firms pay higher salary to paralegals than the smaller ones. Some of the law firms give higher salaries and benefits to paralegals with specific qualifications. Attorneys generally pay paralegals based on the quantity and quality of their work. Paralegals can get discretionary bonus based on their overall performance. Overtime payment for the paralegals depends on whether the paralegal is an exempt or nonexempt employee. Nonexempt employees can get overtime compensation under the state laws. Regulations for paralegals may vary with each state. This change also affects the annual salary of paralegals.

According to a survey conducted by the National Association of Legal Assistants, the average annual salary for paralegals in 2004 was $46,862. The average annual bonus was around $3,339. The average total annual salary including bonus was $50,255. The survey highlights that the salaries for paralegals increased by an average of $1,700 per year. The median average salary for a paralegal in Los Angeles is $45,116. In San Francisco, paralegals can expect a beginning salary ranging from $30,000 to $45,000. A senior paralegal in San Francisco can expect a salary of $55,000.

Paralegal provides detailed information on Paralegal, Paralegal Jobs, Paralegal Schools, Paralegal Training and more. Paralegal is affiliated with Notary Public Supplies.

Welcome to our wikizine called "Paralegal Salaries"

Tue, 9 Jan 2008 13:22:33 GMT

posted by paralegalsalaries
Wikizines are interactive magazines that anyone can create or edit - and this one is called "Paralegal Salaries". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article!

Do Paralegal Salaries Represent a Fair Return for Experienced Practitioners?

Sun, 21 Jan 2008 12:33:41 GMT

posted by paralegalsalaries

Starting salaries for paralegals are pitched around the $33,000 mark and rise to a ceiling of approximately $45,000. Those paralegals most in demand by law firms are those with three years experience, but there appears to be an arbitrary ceiling placed on salary levels beyond $45,000. It is a fact of life for employed paralegals, that those with ten years experience and more, are not remunerated appropriately for the value they bring to their employers.

Self-employed paralegals represent a difficult section of the professional support community for the legal profession when it comes to obtaining information on their remuneration levels. What is clear is that they do not suffer from the restriction suffered by their employed colleagues, in taking advantage opportunities to increase their remuneration that are available. Litigation funding is one such instance that provides a good example of this.

For paralegals of any experience level, we have compiled a report as part of a remuneration study we have conducted that provides an interesting insight into the rewards that are available for employed and self-employed paralegals. This report may be accessed at www.lawsuitfinancialfranchise.com.