Paralegals’ pay is rising after a year of generally flat compensation, according to the Annual Compensation Survey for Paralegals/Legal Assistants and Managers, 2011 Edition.
The survey, by ALM Legal Intelligence in partnership with the International Paralegal Management Association (IPMA), tracks compensation, billing rates, and billable hours for paralegals. More than 250 law firms and law departments representing over 9,800 paralegal positions participated in the survey, which has been conducted annually since 2002, says a press release.
Some results of this year’s survey include:
For more information on obtaining the survey, go to http://www.almlegalintelligence.com.
- The number of organizations granting salary increases in 2011 rose from 64.9% of respondents to 87.2% for paralegal positions that are exempt from wage-and-hour regulations and from 70.1% to 90.0% for nonexempt paralegal positions.
- Changes in base compensation were mostly positive this year, with 10 of the 11 positions reporting increases in median base compensation from 2010.
- While both bonuses and overtime compensation decreased for the majority of the positions in last year’s report, the 2011 Survey shows increases for both in nearly all positions.