Paralegals don’t require the same high salaries that lawyers do, but more and more often, they are able to do the same tasks that lawyers have traditionally done. Naturally, employers are looking to cut down on costs: this means that opportunities for paralegals are constantly on the rise. According to the Bureau of Labor Statistics, jobs within the paralegal industry are projected to grow by 22% between 2006 and 2016. Now is a good time to reach for an ABA-approved paralegal degree.
Make Sure that You Are a Competitive Paralegal Candidate
The future of the paralegal career field is strong, but there is always competition for these jobs. To make sure that you can make the cut once you have finished paralegal school, keep practicing your writing, and try to develop contacts within the paralegal world. It never hurts to develop an area of expertise, either. Currently, some of the fastest-growing paralegal career fields are bankruptcy law, medical malpractice, real estate, and product liability. If you do not already have some background knowledge in these areas, learning more about these fields could be helpful to you in your paralegal career.
Learn More about the Future of the Paralegal Career Field
When financial times are difficult, people are less likely to file wills or handle real estate transactions, so this can limit some areas of hiring for paralegals. Even in this difficult economic climate, growth in the paralegal industry is still promising. Unfortunately, some of this growth is connected to increases in bankruptcies, foreclosures, and divorces. While the most desirable paralegals on the market are those with experience and a formal education, a paralegal degree is still very valuable, even if you don’t have a great deal of experience.
You Can Find Paralegal Careers outside of Law Offices
According to the Bureau of Labor Statistics, approximately 71% of paralegals work in law offices. But paralegals can find work in many different industries. Many large corporations are increasing the size of their in-house legal departments to keep costs down, and the ability of paralegals to ensure those costs down means that these corporations are looking to hire paralegals. Paralegals also work in the government sector, with insurance companies, and for banks. The future of the paralegal career field is wide open.