The survey has been conducted annually since 2002 by ALM Legal Intelligence, a leading source of business intelligence for the legal profession, in partnership with the International Paralegal Management Association (IPMA).
The survey tracks compensation, billing rates and billable hours for paralegals, based on responses from 274 law firms and law departments representing more than 8,775 paralegal positions.
Key findings from the survey included the following:
- The number of organizations granting salary increases increased from 2011.
- The top 2 highest paid (hourly) positions in 2012 are Litigation Support/Technology Manager ($77.72) and Paralegal Director ($67.73) on the law firm side, and Paralegal Manager ($59.05) on the law department side.
- Case Manager and Litigation Support/Technology Manager saw the biggest increases on the firm side; Paralegal and Paralegal Managers saw big increases on the law department side.
- Law firm paralegal average billing rates increased or remainedrelatively the same in 2012 with rates ranging from $134 an hour for a Case Assistant up to $299 for the Specialist/Industry Analyst position.
Has your paralegal compensation increased in 2012?
Source: GlobeNewswire, www.globenewswire.com and ALM