Good Gig if You Can Get It!

Ready your calculator.

I snipped a portion of a legal document I received recently related to a bankruptcy one of my customers is going through. I blacked out the law firm that is being compensated. Realize that over half the time spent was by paralegals.

How much did the law firm get paid? Got your calculator handy?

Don't worry, it's a fair amount to be paid--the lawyer getting paid says so.

 

That's funny.

I have heard if someone wants to get into the medical field for the money they should concentrate on a specialty with an "ology" tacked onto the title. Radiology, anesthesiology, cardiology, etc. In fact, it might have been you that said this.

Is this third kid going to become a cannabiologist?

 

That's in the ballpark, might even be a bit inexpensive. The last time I needed a lawyer was in 2007 and he was $200 a hour. Of course it depends on where you live too.

The rate for the work done in the document I posted comes down to an average of $344 an hour, BUT over half the hours billed were for paralegal work. Since paralegal work is typically 40% or so of a lawyer's rate (I think), this is an expensive lawyer.

 

Criminal attorneys do command higher pay. This person I'm talking about is a corporate lawyer working on a bankruptcy case--over $500 an hour seems a bit spendy.

 

According to this document looks like paralegals get paid 45% of what lawyers get paid.

Ya gotta love working for 6 minutes and getting paid $55! Good gig if you can get it.

 

I remember when I was a child I thought if I grew up and made $1,000 a week I would be doing pretty good.

I guess I should have aspired for more...


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$8,000 a day. Good gig, if you can get it!

 

The court was petitioned as the lawyers wanted a raise. Here is the new hourly rate for 2019.