Paralegal Salary Guide

Overview of compensation in the paralegal industry

Paralegal Salary Guide

This paralegal salary guide covers several paralegal jobs and their corresponding midpoint salaries for 2018. A paralegal, also called a legal assistant, helps lawyers in almost all aspects of the field. Duties include drafting motions and summarizing reports. Some paralegals may assume more responsibilities than others, depending on the needs of the employer. They can also work in various industries, from law firms and government agencies to legal divisions of large businesses or corporations.

Paralegal Salary Guide

To become a paralegal, one may need to take an associate degree in Paralegal Studies or a bachelor’s degree to obtain a certificate in Paralegal Studies. Paralegals, like lawyers, can be experts in different types of law, including corporate, family, immigration, or criminal law. The profession is ideal for individuals who are interested in law but do not want to undergo the rigorous process of becoming a lawyer.

Paralegal Salary Guide – Jobs in the US

According to the Bureau of Labor Statistics, there will be a 15% growth in employment for paralegals between 2016 and 2026, which translates to 41,800 positions. The demand is seen to increase as law firms are expected to hire paralegals who can perform and deliver high-quality work at lower salaries than those of lawyers. Aside from being cost-effective, hiring paralegals increases efficiency. There are roles called hybrid or blended Paralegals or Legal Assistants who can take on a wide range of responsibilities.

Legal jobs, including paralegals, will be in demand in many sectors, primarily in litigation, general business or commercial law, real estate, regulatory or compliance, and healthcare. Also, law firms will look for individuals who are suitable to be paralegals and insurance defense paralegals. Other in-demand positions are litigation legal secretary, compliance manager, intellectual property manager, real estate attorney, and contract administrator.

In the US, a paralegal earns an average annual salary of $50,118, while the typical tenure is from one to three years.

Paralegal Salary Guide in the US for 2018

The table below shows the paralegal salary guide for candidates with average experience and skill sets needed for the job. The figures do not include bonuses, incentives, and other forms of additional compensation:

Paralegal JobsBase Salary
Paralegal Manager$85,000
Senior/Supervising Paralegal (7+ years’ exp.)$68,000
Midlevel Paralegal (4-6 years’ exp.)$60,000
Paralegal (2-3 years’ exp.)$45,750
Senior Paralegal/Legal Assistant (Hybrid)$69,500
Paralegal/Legal Assistant (Hybrid)$50,000
Senior/Executive Legal Secretary (12+ years’ exp.)$66,000
Legal Secretary (7-11 years’ exp.)$60,000
Legal Secretary (3-6 years’ exp.)$51,500
Legal Secretary (1-2 years’ exp.)$40,000

Source: Robert Half 2018 Salary Guide for Legal Professionals

Additional Readings

Thank you for reading our paralegal salary guide. CFI’s mission is to help you advance your career, and with that goal in mind, these additional resources will be a big help:

FMVA certification program

Advance your career in investment banking, private equity, FP&A, treasury, corporate development and other areas of corporate finance.

Get certified as a financial analyst with CFI’s FMVA® Program.

0 search results for ‘