Paralegal salaries rely on numerous factors equivalent to training, coaching, expertise, geographic location and sort of the firm. Paralegals who work in massive metropolitan areas usually earn extra money than those that work in much less populated regions. Usually, the annual wage of a paralegal can vary from $24,470 to greater than $sixty one,150. The median wage of a paralegal is approximately $33,000. Advantages included within the annual wage of a paralegal are health insurance, sick depart, trip time and retirement plan. Many paralegals receive yr end and case bonuses in addition to their annual salary.
There is wage variation in massive companies, small legal companies and government agencies. Paralegals working for the federal government receive higher salaries and benefits. The large law companies pay higher wage to paralegals than the smaller ones. A number of the law companies give higher salaries and benefits to paralegals with particular qualifications. Attorneys usually pay paralegals based on the quantity and quality of their work. Paralegals can get discretionary bonus based on their total performance. Additional time payment for the paralegals relies on whether or not the paralegal is an exempt or nonexempt employee. Nonexempt employees can get overtime compensation under the state laws. Laws for paralegals may range with every state. This transformation also impacts the annual wage of paralegals.
In line with a survey performed by the National Association of Legal Assistants, the average annual wage for paralegals in 2004 was $forty six,862. The typical annual bonus was round $three,339. The typical total annual wage including bonus was $50,255. The survey highlights that the salaries for paralegals increased by a median of $1,700 per year. The median average wage for a paralegal in Los Angeles is $45,116. In San Francisco, paralegals can expect a starting wage ranging from $30,000 to $45,000. A senior paralegal in San Francisco can expect a wage of $55,000. For more such informative articles you might want to check out the next few links as nicely : paralegal salary, breast pumps and moles removal.
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