EVERYTHING YOU NEED TO KNOW ABOUT ... - ? EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT

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  • EVERYTHING YOU NEED TO KNOW ABOUT

    PARALEGALS AND LEGAL ASSISTANTS

  • EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 2

    NATURE OF WORK

    Paralegals, 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 [3] *

    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 [1].

    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 [2].

  • EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 3

    Prepare/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 AREAS

    Paralegals 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 [3]:

    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 documents

  • EVERYTHING 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 escrow

  • EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 5

    PERCENTAGE OF PARALEGALS WORKING IN EACH SPECIALTY AREA [3]*

    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 & EDUCATION

    In 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 OUTLOOK

    Jobs in legal assisting are projected to increase 22% in the next six years [2]. 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 6

    EARNINGS

    Paralegals 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 [3]

    EXPERIENCE LOWEST 10% AVERAGE SALARY HIGHEST 10%

    0-2 years $31,194 $42,798 $56,307

    2-5 years $39,287 $52,133 $65,030

    5-8 years $43,388 $56,016 $70,224

    8+ years $50,586 $66,576 $86,868

    Paralegal Manager $56,709 $82,409 $116,795

    $29.132-$39.209

    Less than 1 year

    14 years 59 years 1019 years 20 years or more

    $31,157-$44,237

    $38,273-$52,918

    $41,423-$59,760

    $43,877-$63,972

    Average Earnings by Experience [8]

  • EVERYTHING YOU NEED TO KNOW ABOUT PARALEGAL AND LEGAL ASSISTANT CAREERS 7

    LINKS

    American 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

    [1] 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.

    [2] 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.

    [3] 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.

    [4] 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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