Corporate Paralegal Salary
Job Description for Corporate Paralegal
Many large companies have a legal department staffed by attorneys who help ensure that the organization’s business, selling, and hiring practices all adhere to laws. These departments also represent the company in the event of any legal actions. A corporate paralegal typically works in this legal department to assist the attorneys with a variety of tasks.Read More...
Usually, the paralegal assumes office administrative tasks such as document drafting and categorization. The paralegal also helps perform research and assists with interviews and pre-interviews. The legal department uses the corporate paralegal to collate data and subsequently draft memos and reports to be used in defending the company’s best interests.
Corporate paralegals must be fluent in a variety of office computing software and are typically be expected to use and design spreadsheets for attorneys in the department. The paralegal also must be organized, as they may work with multiple attorneys dealing with a variety of simultaneous issues. The paralegal is expected to keep all data and information organized and must be able to produce this necessary documentation quickly on the demand. A corporate paralegal typically works regular business hours in an office environment.
A corporate paralegal typically doesn’t possess a legal degree or need to pass a bar exam. Instead, a person interested in employment in this field usually receives relevant education and certification from a technical or vocational school.
Corporate Paralegal Tasks
- Gather and analyze research data, such as statutes, decisions and legal articles, codes and documents.
- Prepare affidavits or other documents, maintain document file and file pleadings with court clerk.
- Prepare legal documents, including briefs, pleadings, appeals, wills, contracts and real estate closing statements.
- Investigate facts and law of cases to determine causes of action and to prepare cases.
- Assist lawyers by researching legal precedent, investigating facts or preparing legal documents.
Common Career Paths for Corporate Paralegal
As Corporate Paralegals transition into upper-level roles such as Attorney, they may see a strong upturn in salary. Attorneys earn $81K on average per year. Many Corporate Paralegals advance into roles as Senior Paralegals or Paralegal Supervisors, but the median salaries are $3K lower and $10K lower, respectively.
Corporate Paralegal Job Listings
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Popular Skills for Corporate Paralegal
Corporate Paralegals seem to wield many skills on the job. Most notably, facility with Securities Compliance, Corporate Governance, and Organizational Development are correlated to pay that is significantly above average, leading to increases of 55 percent, 13 percent, and 6 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Mergers and Acquisitions, Contract Management, and Legal Document Review. Those proficient in Corporate are, more often than not, also skilled in Legal Compliance and Contract Management.
Pay by Experience Level for Corporate Paralegal
Median of all compensation (including tips, bonus, and overtime) by years of experience.
More years of relevant experience do not necessarily translate to higher paychecks. Relatively untried employees who have less than five years' experience make $53K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $66K. The average pay reported by folks with 10 to 20 years of experience is around $71K. Corporate Paralegals who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $73K on average.
Pay Difference by Location
Palo Alto offers some of the highest pay in the country for Corporate Paralegals, 17 percent above the national average. Corporate Paralegals can also look forward to large paychecks in cities like Charlotte (+16 percent), New York (+15 percent), Dallas (+12 percent), and San Francisco (+11 percent). Corporate Paralegals in Miami earn salaries far below the national average by 21 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are Jacksonville (15 percent less) and Denver (6 percent less).