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Is the paralegal profession rewarding?

April 26, 2017paralegal profession rewarding

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Is the paralegal profession rewarding?

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The 2007 Annual Compensation Survey for Paralegals/Legal Assistants and Managers was released this summer by Altman Weil, Inc., a major legal consulting firm, in conjunction with the International Paralegal Management Association. Average annual cash compensation nationally for paralegals is $59,963, for senior paralegals $84,000 and for paralegal managers $109,303. Legal Assistant Today, a national magazine for paralegals, listed the average paralegal salary for the Northeast in 2007as $61,620. The N.Y.S. Department of Labor lists a statewide mean wage for paralegals in New York at $54,900, with experienced paralegals earning $66,010 and entry level paralegals at $39,810. Members of the general public often misunderstand the role of paralegals, but they are respected and well compensated members of the legal profession. As the legal profession continues to expand, paralegals are increasingly assuming many higher level tasks once performed by lawyers.