Employment of paralegals and legal assistants is projected to grow 28 percent between 2008 and 2018, much faster than the average for all occupations. Employers are trying to reduce costs and increase the availability and efficiency of legal services by hiring paralegals to perform tasks once done by lawyers. Paralegals are performing a wider variety of duties, making them more useful to businesses.
Demand for paralegals also is expected to grow as an expanding population increasingly requires legal services, especially in areas such as intellectual property, healthcare, international law, elder issues, criminal law, and environmental law. The growth of prepaid legal plans also should contribute to the demand for legal services.
Private law firms will continue to be the largest employers of paralegals, but a growing array of other organizations, such as corporate legal departments, insurance companies, real-estate and title insurance firms, and banks also hire paralegals. Corporations in particular are expected to increase their in-house legal departments to cut costs. The wide range of tasks paralegals can perform has helped to increase their employment in small and medium-size establishments of all types.
In addition to new jobs created by employment growth, more job openings will arise as people leave the occupation. There will be demand for paralegals who specialize in areas such as real estate, bankruptcy, medical malpractice, and product liability. Community legal service programs, which provide assistance to the poor, elderly, minorities, and middle-income families, will employ additional paralegals to minimize expenses and serve the most people. Job opportunities also are expected in Federal, State, and local government agencies, consumer organizations, and the courts. However, this occupation attracts many applicants, creating competition for jobs. Experienced, formally trained paralegals should have the best job prospects.
Specifically, students in our Kokomo Region have gained employment in the public sector or paralegal work. One student works for a judge; another works for the prosecutor's office as the domestic violence coordinator, and one works for Child Protective Services "supporting" a number of the CPS attorneys.
Many of our Regions have entered into articulation agreements with surrounding four-year institutions that take the Ivy Tech Paralegal degree and transfer all credits into Its bachelor degree program. These programs normally include Paralegal Studies, Pre-law or Political Science.
Wages of paralegals and legal assistants vary greatly. Salaries depend on education, training, experience, the type and size of employer, and the geographic location of the job. In general, paralegals who work for large law firms or in large metropolitan areas earn more than those who work for smaller firms or in less populated regions. In May 2008, full-time wage-and-salary paralegals and legal assistants earned $46,120. The middle 50 percent earned between $36,080 and $59,310. The top 10 percent earned more than $73,450, and the bottom 10 percent earned less than $29,260.
The following wage statistics have been reported for Paralegals and Legal Assistants in Indiana:
- Average Hourly: $19.37
- Average Annual: $40,300
*Bureau of Labor Statistics
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