The pay is one of the biggest concerns that give aspiring paralegals second thoughts about joining the industry. That’s expected, mainly because of the lack of prestige associated with this line of work; but that is no longer the case.
As the industry continues to evolve, the role of legal assistants is now more important than ever. While attorneys, by all means, remain as the most important professionals in a law firm or a corporate legal setting, there are functions only paralegals can effectively handle. With the profession is finally getting the long overdue respect it deserves.
Modest to Medium
Paralegals are generally considered as modest and medium-wage earners. Of course, entry-level positions only have an annual income of under $30,000, but your salary is bound to increase as you gain more experience. In time, you can make up to $100,000 per year.
How you can fast-track your worth as a professional greatly depends on you. Wear many hats if possible to broaden your background quickly. The more you show you can handle bigger responsibilities the more you can get a nod for a raise.
According to the survey of Paralegal Today, the industry has seen a steady rise in the compensation of legal assistants since 2009. As one of the fastest-growing careers in the world, the average income in this profession plays at about $50,000 a year, but bonuses and overtime pays are what makes a paralegal’s wallet plumper.
In addition, the increase in caseloads is a good indicator that this growth in salary would continue.
Depending on Your Specialty
Paralegals are not paid equally. Your paycheck is heavily based on your area of specialty, which is why it pays to take an advanced course that can help you land a job in prestigious firms.
You have a bright future ahead of you as a paralegal, financially and professionally. Go through all of our offered courses to take the program that may earn you a generous compensation for the years to come. View our CLS courses here.