According to a recent article in New York Lawyer, the results of a survey conducted by Altman Weil in May showed that compensation for paralegals is steadily climbing, and pay for paralegals in certain specialties tops the charts. IP paralegals are bringing home the highest pay, earning $69,675 in total cash compensation. That's 16.2% higher than the nationwide pay and 46% higher than their counterparts make in family law, the lowest-paid law firm practice area for paralegals.
Nationally, the median total cash compensation for paralegals is $59,973, up 9 percent from last year. The median total cash compensation for paralegal managers is $109,303, up 7.2 percent from last year -- but only 10 percent of paralegal managers report receiving overtime. Nationwide, paralegals in law firms earn 9.5 percent more in median total cash compensation than their in-house counterparts. The survey collected data this spring from 274 law firms of various sizes and 78 law departments.
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