How Much Does a Paralegal Earn in the First Year?
The earning potential of a first-year paralegal varies significantly depending on a host of different factors. The U.S. Department of Labor outlines the most important factors which influence entry-level paralegal salaries, including the level of education and training an applicant possesses as well as the type and size of the employer and the geographic location of the job in question. Entrants with formal university or trade school degrees and certification in paralegal studies or related fields tend to command higher starting salaries. Similarly, first-year professionals who land jobs at prominent law firms in big cities stand to make more than those working at smaller law offices in midsize cities and rural towns.
Low-End First-Year Salaries
The lowest-earning 10 percent of paralegals have annual salaries of $29,000 or less, according to the U.S. Department of Labor's 2010-11 Occupational Outlook Handbook. Many first-year paralegals start out around this basic pay grade, especially if they are working for small law offices with tight budgets.
Average First-Year Salaries
The average annual salary for paralegals is approximately $46,000, according to the Occupational Outlook Handbook. This average includes the salaries of first-year paralegals as well as veteran legal assistants with multiple years of experience. Statistics from the Occupational Outlook Handbook indicate that the majority of paralegals can expect to earn somewhere in the range of $36,000 to $59,000 in annual salary. Of course, entry-level paralegals usually start out closer to the bottom of this pay scale.
High-End First-Year Salaries
First year paralegals with exceptional credentials may be able to leverage their qualifications to land superior jobs with better pay. The U.S. Department of Labor notes that the top-earning 10 percent of paralegals boast annual salaries above $73,000. These top tier salaries generally apply to veteran paralegals working at high-profile law firms in major metropolitan areas. However, a small number of outstanding first-year entrants also find themselves at this elite pay grade. Affluent law offices offer higher rates to attract the best new candidates. Job seekers with particularly impressive academic backgrounds and other coveted skills such as bilingual fluency and advanced technological savvy tend to secure the most lucrative employment opportunities.
Potential For Advancement and Pay Raises
Paralegals can obtain promotions and pay raises over the course of their careers by obtaining workplace experience and pursuing additional education and training. First-year employees who adapt quickly to their work environments may be allowed to take on more responsibilities, thereby enhancing their value to their employers. Likewise, individuals may opt to take advanced paralegal certification courses or attend professional development seminars in their spare time as a means of augmenting their credentials and raising their earning potential. Myriad vocational institutions and professional organizations offer paralegal training programs. For instance, the Occupational Outlook Handbook makes mention of several respected entities that provide paralegal certification and training services including the American Alliance of Paralegals Inc. and the National Association of Legal Assistants.
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