Paralegals: The Future of the Profession

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Paralegals: The Future of the Profession

Most Paralegals and Legal Assistants have an associate’s degree or a certificate in paralegal studies

Current State of Paralegals and Legal Assistants

279,500 – The amount of working Paralegals in 2014

2014 Paralegal Median Pay by Industry:

Federal government
$63,420

Finance and insurance
$57,250

Local government, excluding education and hospitals
$49,320

Legal services
$46,280

State government, excluding education and hospitals
$44,340

Job Growth: 8% (Average)

Comparison to Similar Jobs

Medical and Clinical Laboratory Technologists and Technicians

328,200 – The amount of working Medical Technicians in 2014
2014 Median Pay: $49,310 per year
Job Growth: 16% (Much faster than average)

Dental and Ophthalmic Laboratory Technicians and Medical Appliance Technicians

83,500: The amount of working Dental Technicians in 2014
2014 Median Pay: $33,430 per year
Job Growth: 10% (Faster than average)

Lawyers

778,700: Number of Jobs 2014
2014 Median Pay: $114,970 per year
Job Growth: 6% (Average)

Future of the Paralegal Profession

300,800 – Predicted working Paralegals in 2024
That’s 21,300 new jobs!

Is it worth it? You decide
Current College Costs

Pros and Cons of becoming a Paralegal

Pros:
Different types of paralegal specialties
Work opportunities are endless since the areas of expertise are so specific.
Ease of Entry (There is a way to get started without investing a lot of money in starting the career). 

The certificate takes about 6 to 9 months and is relatively inexpensive.
Job Stability (Attorneys will always need help) 

Expanding Field (respect is growing)

Cons:
Demanding: much work, little recognition
Stressful: Especially true if you work in a busy law firm
Long Work Hours
Tedious Work
Job Advancement: little chance

On the other hand
Job growth is important when considering a future career. and 8% is nothing to scoff at.
As there are lawyers, Paralegals and Legal Assistants will have jobs.

paralegals-cube

Sources:

http://www.bls.gov/ooh/legal/paralegals-and-legal-assistants.htm
http://www.bls.gov/ooh/legal/lawyers.htm
http://www.bls.gov/ooh/production/dental-and-ophthalmic-laboratory-technicians-and-medical-appliance-technicians.htm
http://www.bls.gov/ooh/healthcare/medical-and-clinical-laboratory-technologists-and-technicians.htm
http://trends.collegeboard.org/college-pricing/figures-tables/average-published-undergraduate-charges-sector-2015-16
http://www.businessinsider.com/cost-of-college-in-the-future-is-scary-2014-5
http://www.forbes.com/sites/lucielapovsky/2016/01/25/the-lunacy-of-tuition-inflation-must-end-39-brave-colleges-buck-the-trend/#5b70528b343e
https://bigfuture.collegeboard.org/pay-for-college/college-costs/college-costs-calculator