A Resource for Students and Graduates of the Illinois Central College Paralegal, Law Enforcement and Criminal Justice Programs
Saturday, September 08, 2018
The Future for PARALEGAL CAREERS is BRIGHT and WE have THE BEST OPTIONS to get YOU there!
According to the U.S. Bureau of Labor Statistics, Employment Projections program:
Employment of paralegals and legal assistants is projected to grow 15 percent from 2016 to 2026, much faster than the average for all occupations.
As law firms try to increase the efficiency of legal services and reduce their costs, they are expected to hire more paralegals and legal assistants. In these cases, paralegals and legal assistants can take on a “hybrid” role within the firm, performing not only traditional paralegal duties but also some of the tasks previously assigned to legal secretaries or other legal support workers.
Law firms also are attempting to reduce billing costs as clients push for less expensive legal services. Due to their lower billing rates to clients, paralegals can be a less costly alternative to lawyers, performing a wide variety of tasks once done by entry-level lawyers. This should cause an increase in demand for paralegals and legal assistants.
Although law firms will continue to be the largest employers of paralegals, many large corporations are increasing their in-house legal departments to cut costs. For many companies, the high cost of outside counsel makes it more economical to have an in-house legal department. This will lead to an increase in the demand for legal workers in a variety of settings, such as finance and insurance firms, consulting firms, and healthcare providers.
Note: All Occupations includes all occupations in the U.S. Economy.