The Essential Guide to Compensation for Paralegals and Other Practice Support Professionals
NEW YORK, December 9, 2021 / PRNewswire-PRWeb / – In collaboration with the International Practice Management Association (IPMA), ALM Intelligence is pleased to announce the release of the results of its annual Compensation Survey for Paralegals, Practice Support Professionals and managers. The report, which contains detailed salary and benefits data in an easy-to-understand format, is a valuable tool for law firms and legal departments looking to attract, motivate and retain top talent.
Highlights from this year’s report include:
Paralegals earned an average annual bonus of $ 16,872, while paralegals earned an average annual bonus of $ 33,655.
Paralegals billed 1,370 hours on average at an average rate of $ 300 per hour.
The average billing rate for paralegals is highest in the Pacific region at $ 347 per hour and lowest in the south-central east region at $ 188 per hour.
The average base compensation for Directors and Litigation / Technology / eDiscovery Support Managers is $ 98 per hour.
“Through our partnership with IPMA, we are producing this cutting-edge report that allows law firms and legal departments to compare their compensation,” said Michelle Matroni, Sr. Research Manager and Legal Rankings Lead, ALM Intelligence. This helps ensure that they attract and retain the best support staff possible. “
The data in this report comes from a survey conducted from mid-June to the end of September 2021. A total of 71 organizations responded, representing a total of 5,101 positions. The report is the essential guide to the compensation of paralegals and other practice support professionals.
To purchase the report visit: ALM / IPMA Annual Compensation Survey for Paralegals, Practice Support Professionals, and Managers.
About ALM Intelligence
ALM Intelligence provides proprietary data, analytics, tools and knowledge that empower our clients to succeed. The product suite and expansive data repository provide professionals with the critical business information they need to make the most impactful and informed decisions possible. The comprehensive data repository and product functionality empower professionals to tackle competitive challenges head-on with the confidence to stay ahead in the field. ALM Intelligence’s depth of expertise in employee benefits, insurance, consulting and legal sectors provides a wide range of actionable insights to facilitate and execute strategy. Visit https://www.alm.com/intelligence for more information.
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Eliza sawyer, ALM, 513-482-1492, [email protected]