EVERYTHING YOU NEED TO KNOW ABOUT ... - ? EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT
Post on 25-Jul-2018
EVERYTHING YOU NEED TO KNOW ABOUTPARALEGALS AND LEGAL ASSISTANTSEVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 2NATURE OF WORKParalegals, or legal assistants as some people call them, work under the direction of a lawyer or lawyers in law offices. Paralegals perform tasks that are delegated to them by lawyers. They perform many of the same duties as lawyers, but without legal jurisdiction. Some tasks include helping lawyers prepare for closings, hearings, trials and corporate meetings. Paralegals also investigate facts for cases and make sure that all information pertaining to the case is considered. Paralegals identify all laws, regulations, similar case hearings and any other material pertaining to the case at hand. They ensure that the lawyer has all necessary information when dealing with a case. Paralegals also work drafting contracts, mortgages, and separation agreements. They assist in preparing tax returns, establishing trust funds, and planning estates. They may prepare legal arguments, draft pleadings, and motions to be filed in court. They get affidavits, assist lawyers during trials and do anything else lawyers need them to do. Their job is to make lawyers lives more organized. Percentage of tasks done by paralegals  *Assist at a trial 79% Court Filings 22%Law Library Maintenance 76% Assist with Client Contact 16%Prepare and Attend Closings 64% Fast Checking 14%Deposition Summaries 59% Document Analysis 14%Personnel Management 53% Calendaring Deadlines 12%QUICK FACTS Paralegals, or legal assistants, assume a large range of tasks in legal offices. They perform many of the same tasks as lawyers; however they are prohibited from carrying out duties considered to be practice of the law The average annual salary is $53,000 . In order to become a paralegal, you must particpate in a training program from a college that either leads to an associates degree or certificate in paralegal studies. Jobs as a paralegal are projected to increase 22% in the next six years, which is much faster than average compared to all other occupations .EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 3Prepare/Attend Depositions 49% Draft Pleadings, etc 12%Cite Checking 49% General factual Research 11%Train Employees 48% Case Management 5%Client/ Witness Interviews 39% Draft Compensation 5%Investigation 23%*The total adds up to more than 100% because paralegals normally perform more than one task.SPECIALTY AREASParalegals usually work in a specific area of law within the organization they are employed. Some of these specific areas of study include litigation, personal injury, corporate law, criminal law, employee benefits, intellectual property, labor law, bankruptcy, immigration, family law, and real estate. Paralegals are typically employed by law firms, corporate legal departments, and various government offices. Depending on which organization they are employed determines the tasks they perform. Tasks of some specific specialties include : Litigation Paralegal Interviewing witnesses Analyzing and digesting legal document Investigating facts Performing legal and factual research Drafting pleadings, legal memoranda and briefs Keeping track of court dates and deadlines Assisting in trial preparation and at trial Aiding in preparing appeals Estate Planning and Probate Paralegal Interviewing clients Arranging for collection Valuing and transferring assets Administering estate accounts Drafting and filing state and federal tax returns Drafting wills and other estate planning documentsEVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 4 Corporate Paralegal Drafting partnership and corporate formation documents Maintaining corporate minute books and resolutions Fulfilling securities reporting requirements Helping prepare and file annual financial reports Conducting due diligence for business transactions Drafting shareholder agreements and stock-option plans Monitoring and reviewing government regulations to ensure legal business operation Conducting patent and trademark searches Preparing for board meetings Employment Law or Labor Law Paralegal Drafting employee policies and employment handbooks Drafting pleadings and affidavits in employment disputes Investigating wrongful termination or other claims Helping facilitate positions in organized labor campaigns Performing work similar to litigation paralegals when preparing for trial Real Estate Paralegal Drafting transaction documents Preparing for closings Performing due diligence Managing and indexing transaction documents and closing binders Coordinating closing of escrowEVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 5PERCENTAGE OF PARALEGALS WORKING IN EACH SPECIALTY AREA *Civil Litigation 51% Criminal 13% Corporate 32% Workers Compensation 13% Contracts 29% Intellectual Property 13%Real Estate 27% Mergers & Acquisitions 11%Personal injury 26% Employee Benefits 11%Government 23% Mass Tort Litigation 10%Labor Law 20% Elder Law 9%Insurance 20% Environmental Law 9%Trusts and Estates 19% Tax 9%Probate 19% Securities/ Antitrust 9%Family Law 15% Immigration 8%Banking/Finance 14% Legislative Lobbying 6%Bankruptcy 14% Admiralty/ Maritime 5%Product Liability 13% Entertainment 5%*The total adds up to more than 100% because paralegals often work in more than one specialty.TRAINING & EDUCATIONIn order to become a paralegal you must participate in a legal assistant training program that results in either a degree or diploma. For those just out of high school, or without any previous post secondary educational experience getting your associates or bachelors degree in paralegal studies is the best way to go. For those who already have a post secondary degree, you will need to complete a training program to receive a paralegal certificate upon completion. Getting certified only takes a few months to complete, however, training is intense. You can be trained or gain an education in paralegal studies from colleges, universities, law schools, and proprietary schools. Most of these programs train you in legal research, legal applications of computers, and offer practical experience.It is important to complete an internship or assistantship program in order to gain valuable hands-on experience. JOB OUTLOOKJobs in legal assisting are projected to increase 22% in the next six years . This is much faster than average compared to all other occupations. Jobs in Federal, State and Local government agencies are projected to increase which provides many job opportunities for paralegals in the future.EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 6EARNINGSParalegals earn a competitive salary that varies based on education, training, experience, employer, and location. According to indeed.com, the average annual salary for paralegals in 2009 is $53,000. Paralegals receive great bonuses and benefits including, vacation, paid sick leave, 401(k), life insurance, personal paid time off, dental insurance, and reimbursement for continuing legal education.A more in depth look at salary by years experience EXPERIENCE LOWEST 10% AVERAGE SALARY HIGHEST 10%0-2 years $31,194 $42,798 $56,3072-5 years $39,287 $52,133 $65,0305-8 years $43,388 $56,016 $70,2248+ years $50,586 $66,576 $86,868Paralegal Manager $56,709 $82,409 $116,795 $29.132-$39.209Less than 1 year14 years 59 years 1019 years 20 years or more$31,157-$44,237$38,273-$52,918$41,423-$59,760$43,877-$63,972Average Earnings by Experience EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 7LINKSAmerican Alliance of Paralegals, Inc.: http://www.aapipara.org/American Association for Paralegal Education: http://www.aafpe.org/National Association of Legal Assistants: http://www.nala.org/National Association of Legal Secretaries: http://www.nals.org/National Federation of Paralegals Associations: http://www.paralegals.org/Standing Committee on Paralegals: http://www.abanet.org/legalservices/paralegals/REFERENCES Indeed.com, Paralegal Legal Assistant Salaries, [Online document], 2009. [cited 2009 September 9], Available HTTP: http://www.indeed.com/salary?q1=paralegal+legal+assista nt&l1=&tm=1. Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Paralegals and Legal Assistants, [Online document], 2008-09. [cited 2009 September 9], Available HTTP: http://www.bls.gov/oco/ocos114.htm. All Criminal Justice Schools, Hottest Paralegal Practice Areas, [Online document], 2009. [cited 2009 September 9], Available HTTP: http://www.allcriminaljusticeschools.com/criminal-justice-resources/paralegal_specialties. Pay Scale, Paralegal, [Online document], 2009. [cited 2009 September 9], Available HTTP: http://www.payscale.com/research/US/Job=Paralegal/Salary.
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