Paralegal Business Plan Sample

Paralegal Business Plan Sample-59
You may want to begin by working as a freelance paralegal part-time before jumping into full-time work.Remember, once you get the freelance business up and running, reputation is everything.

You may want to begin by working as a freelance paralegal part-time before jumping into full-time work.Remember, once you get the freelance business up and running, reputation is everything.

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Working in a freelance capacity can give you access to more diverse work environments, a greater variety of duties and types of cases and the potential to earn more money.

Working as a freelance paralegal may also mean letting go of some of the advantages that come with full-time work as an employee.

The National Federation of Paralegal Associations’ (NFPA) Registered Paralegal (RP) designation indicates that someone has been working as a paralegal for a number of years and has achieved a higher level of knowledge.

To earn the RP degree, you need to take the Paralegal Advanced Competency (PACE) exam.

A 2016 NALA survey found that nearly 3 percent of all paralegals identified as being self-employed or business owners.

In 2016, the average annual income for a paralegal was ,671.Freelance paralegals bill between and per hour depending on experience, specialty, the complexity of the job and geographic location.The job outlook for paralegals and legal assistants is projected to grow 15 percent until 2026, which is faster than the average job growth.Responsibilities of a freelance paralegal include drafting and proofing documents, interviewing witnesses during preliminary investigations, engaging in trial preparation including carrying out subpoenas and summarizing depositions, organizing and filing, preparing documents, such as discovery motions, complaints and bankruptcy plans, and researching case law.There are no set education requirements for a freelance paralegal, but there are certain steps that may help you land a freelance paralegal role.As a freelance paralegal, you are your own boss and provide paralegal services on an “as needed” basis.This could mean working anywhere from a few days to a number of months.A two or four-year degree in paralegal studies is a standard prerequisite and specialization always helps.One or more focused legal specialties gained through experience, education or both can boost your resume.In order to jumpstart a successful freelance paralegal career, there are a few things you should keep in mind: Treat every client like they’re the only one you have and be highly trustworthy, dependable and punctual.Just as important is marketing yourself with business cards, letterheads, and a good website, as well as building a strong client base.

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