Paralegal services companies may develop from freelancing. A successful freelancer may hire his or her own staff and set up a business organization, partnership or corporation. Paralegal services companies have their own office space and undertake more sophisticated marketing strategies than do individual freelancers. They usually provide services of temporary paralegals, legal research services, managing clerk services (the service of papers and filings at court) or specialized services in trusts and estates and the like. Essentially, these services are small businesses run by entrepreneurs who, if successful, must be good managers as well as knowledgeable paralegals.
Both types of freelance paralegals bill their clients depending upon how specialized and sophisticated the work is.
Now arises the question, that how much can you earn as a freelance paralegal.
It's possible to earn a huge amount if you run a paralegal services business and have many people working for you. But suppose you're an independent contractor. You will have to analyze your budget, billing rates and profitability. You'll have to allot some time for selling and conducting a marketing campaign- as much as five to ten hours per week, as well as whenever you don't have any projects. This marketing time will cut into your billing time.
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