Paralegal salary guides vary significantly, but it is nonetheless a profession that pays well overall. When you’ve completed your training and are set to enter into the paralegal job market, you’ll discover that there’s an incredible diversity of job opportunities available so the typical start-up salary can be quite varied.
According to the U.S. Bureau of Labor Statistics, the typical yearly paralegal salary was $50,080 at the end of May 2009. Generally, paralegals in America make between $45,000 and $50,000 each year. Since this is the average income in this field, one may surmise that some salaries are higher than this and others are lower. Some legal assistants receive a salary as low as $25,000, while many seasoned paralegals rake in as much as six figures.
Experience and education are incredibly important with regard to your earning possibilities in this particular job market. Attorneys will definitely shell out more to get a paralegal with training and experience. Such an employee can deal with more challenging tasks which can be crucial to a busy attorney.
Having said that, entry-level paralegals may anticipate starting at a lower salary. The typical start-up salary is $23,000 to $32,000. Nevertheless, as you gain expertise and experience, it will be possible to receive a larger paycheck.
Trained, skilled paralegals are the most highly sought after. With perseverance and substantial education, you’ll be able to work your way to the top level within this field. Other factors impacting the paralegal salary include having an area of specialization and the type of employer you work for. Paralegals who specialize in particular areas of the law are less common and may therefore command a higher salary.
In addition, the kind of company you work for can improve your potential earnings. Private law offices are the most prevalent paralegal employers and routinely pay the best. Having said that, paralegals employed by the U.S. government can make even higher salaries, averaging $52,000 each year. Paralegals working for local and state governments make somewhat less. Finally, paralegals who are employed in the legal departments of corporations tend to be compensated better and have more benefits than paralegals working in law firms.
Paralegal income is based on numerous factors, such as: geographic area experience, education and specialty area. Geographic area particularly has a significant effect on the legal assistant salary. For instance, a paralegal employed in Los Angeles or Chicago will likely make considerably more than one who is employed in Raleigh, North Carolina.
The average for a paralegal salary also appears to follow the ups and downs of the economy. If the economic system experiences a decline, the need for legal assistants decreases and the average salary begins to drop as various legal agencies try to minimize their expenses. As the overall economy continues to recuperate in in the future, we will undoubtedly see a rise in available paralegal jobs and incomes.