The law firm will be wise to carefully calculate the actual costs of employing one lawyer or paralegal when evaluating the comparative costs. These costs include salary and bonuses, health insurance, holiday and vacation pay, sick time expenses, FICA, lawyer’s office space and facilities, paralegal and secretarial staff assigned to that lawyer, sharing of pensions and profits, car and parking expenses, seminar costs for CLE, and other employment benefits such as disability and life insurance. Learn more at Stroleny Law, P.A.
In the range of $250,000 to $300,000 per year, the actual annual cost of one lawyer earning a basic annual salary of $150,000-$175,000 is more likely. NONE of these usual costs are attributable to a law firm that uses supplementary offshore legal providers. Selective outsourcing will increase your law firm’s effectiveness. Because Indian lawyers work while American lawyers sleep, it’s going to be like having a full-time, fully staffed night shift in your law firm. Some work can be allocated at 6 p.m. by a partner. In the evening, and when he arrives at the office the next morning, the completed assignment is on his desk. Cases of litigation will move more quickly through the court system with less need for time extensions.
Not many of the sermons that I heard from my pastor stuck with me as a child. But one thing, when I was 14 years old, the bell was still ringing. “He said: “Pack work, plugging, day in and day out are ninety percent of any worthwhile endeavour. Only ten percent of our work tasks are fun and enjoyable.” I always remembered that statement. I always remembered that statement. I have enjoyed strategizing and trying cases for juries for more than two decades as a trial lawyer. But I did not necessarily enjoy all the preparation for the trial and deposition, research and briefing, review of documents, and other mundane essentials of law practise.