JordanFurlong + firms + paraprofessionals   1

Paralegals Edging Out First-Years as Firms Face Profit Squeeze | The Legal Intelligencer
More firm leaders are looking to nonlawyer staff members, such as paralegals, to take over duties that may have once fallen on first-year associates, industry observers said. It has allowed them to lower the costs for clients, and in many cases increase the firm's profit margin.
But as those tasks fall on other professionals, firms will likely hire fewer new lawyers to fill the traditional role of a first-year associate.
"They realize that their profitability is driven in significant part by lowering what it costs them to deliver the legal services," Kent Zimmermann of the Zeughauser Group said. "And that's causing many firms to look at how they staff matters."
According to Altman Weil's 2016 Law Firms in Transition report, more than 70 percent of firm leaders are changing or considering changing their strategic approach to staffing. And nearly 38 percent of them expect to shift work from lawyers to paraprofessional staff. Among firms with more than 250 lawyers, that percentage rose to nearly 42.
laterals  paraprofessionals  firms 
september 2016 by JordanFurlong

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