Thursday, June 26, 2008

ALM Research and IPMA Release 2008 Paralegal Compensation Survey

Yesterday, ALM Research released its Annual Compensation Survey for Paralegals/Legal Assistants and Managers, 2008 Edition. More than 363 organizations participated in the survey (285 law firms and 78 law departments), representing a total of 14,216 paralegal positions. The study was conducted by ALM’s recently-acquired Altman Weil Publications group, in conjunction with the International Paralegal Management Association (IPMA).

Among the results of the survey were the following:

  • The compensation of paralegals in U.S. law firms and corporate law departments showed solid increases over the previous year, above the rise in the cost of living.
  • Paralegals working in law firms received somewhat higher increases than their law department peers, For exempt paralegals at firms, salaries increased by an average of 4.9% compared to 3.8% in corporate law departments.
  • Within law firms, the highest paid paralegals are litigation support/technology managers who earned a median annual base compensation of $115,000.
  • The average billing rate for paralegals was more than $150 per hour, with rates for most positions exceeding $175. Paralegal case managers in law firms averaged 1,642 billable hours, followed by senior paralegals at 1,530.

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