“It is important to remember that every hour you spend handling an administrative task yourself is lost revenue equal to your hourly billable rate,” The Florida Bar.
“The paralegal staff can be a profit center for your practice,” American Bar Association.
You probably hire a CPA to do your taxes, an outside IT firm to run your computers, and an outside service to answer your phones, but you aren’t handing over routine tasks to professionals outside of their office. That’s crazy!
There are MANY benefits to hiring a virtual paralegal, but we didn’t want this blog to be too long, so we picked the 4 BIGGEST Benefits to Hiring a Virtual Paralegal:
1. Lower labor costs.
Hiring a virtual paralegal can be more cost-efficient than hiring a full-time, in-house paralegal. Attorneys are embracing virtual paralegals at much higher rates than traditional in-house paralegals because a virtual paralegal is only paid for time actually worked. No more paying for down time, overtime, or benefits.
Your paralegal’s substantive legal work can be billed to the client just as attorney time would be.
2. Lower overhead costs.
Because a virtual paralegal works from his or her own office, there are no costs that come along with a physical office, such as office furniture and décor, utilities, office supplies, insurance for property damage and potential injuries on-site, ADA compliance needs, beverages or snacks, cleaning services. This can save your practice over 60% of the cost of an employee.
*Based on annual salary of $50,000 based on 2019 Florida Bar Survey
**Based on current 60-hour plan
3. Become more productive.
A virtual paralegal can help keep you on task, cover administrative duties, and help to move things forward so that you can stay focused on your core business goals to drive growth and serve your clients.
You have a limited amount of time, energy, and focus each day. Delegating suitable tasks to your paralegal, such as research, first drafts of motions and pleadings, and/or assisting with discovery or trial preparation, frees up a busy attorney to perform the tasks most suited to his or her training and expertise. This makes everyone happier.
4. Customized Assistance.
With a virtual paralegal, you have the flexibility to develop your task list according to the specific needs of your firm. You can then customize your assistant’s workload, driving focus to areas when and where you need the most support.
Today, virtual paralegals don’t just perform legal functions. Opulent Landholdings’ Attorney Services can offer a variety of other necessary tasks such as management and law practice support, including collections, billing, client management, firm marketing, digital file management and other office related duties. Many solo practitioners enjoy practicing law, but they could use some help with the business-side of things – help is here!
To learn more about the benefits of a virtual paralegal, contact Opulent Landholdings’ Attorney Services today!
