Anonymous User wrote:Joe Quincy wrote:Anonymous User wrote:Same anon as above with the high-paying paralegals, my firm is a V10.
Then something is drastically off in your firm. No paralegal makes double what a first-year does in a big firm. Let alone more than a senior associate. At least not in base pay...I could see some making $$$ with overtime if they are also billing like 3,000 hours. But even then, they'd have to be really really valuable for a firm to just not hire more paralegals.
Yeah, nothing's "drastically off in [my] firm." Not all paralegals here make that. And most of the paralegals make below $100,000 (though some top ones still close to it when you include overtime). I was talking about our most senior paralegals.
Even still. The numbers I can find suggest that the very top paralegals at top firms in DC/NYC max out at $130-140K in base salary. And you're claiming they are making double that? Even with overtime that just doesn't add up. If they're doubling their salary, its cheaper to hire another paralegal in the long run to take the OT pressure off. No paralegal, no matter their skills, would economically justify a salary that high. The market just wouldn't demand it when the other top paralegals at top firms aren't making that much.
I'm not saying firms haven't made this choice before. However, AFAIK all those firms have imploded or folded due to mismanagement of their capital. I just can't see a V10 being that stupid.