Tag Archives: legal profession

Paralegal Specializations: What is a Corporate Paralegal?

Woman typing on laptopAbout two out of 20 paralegals work as a corporate paralegal. Corporate paralegals are paralegals that work for corporations, instead of law firms. They are still however supervised by lawyers and work under them. The job responsibilities and work setting of corporate paralegals, however, vary significantly from paralegals that work in private law firms.

If you’ve recently completed an online paralegal degree or are about to enroll in one, The Center For Legal Studies notes you need to know about your options, one of them being a corporate paralegal, so you’ll have a plan after finishing your degree.

Basic job responsibilities and work environment

Depending on the type, size, and specific location of the workplace, the work environment of corporate paralegals could be relatively similar or different than that of paralegals who work in law firms. Huge corporations with usually have big legal departments with a couple of lawyers and paralegals, while smaller corporations might only employ two to three lawyers and one to two paralegals.

Aside from assisting lawyers with legal research, administrative tasks, preparing documents, and interviewing clients, corporate paralegals also perform various tasks that are specific to business and corporate law such as:

  • Drafting corporate documents – These documents typically include organizational documents require for forming partnerships, limited liability companies, and corporations, as well as stock certificates, license applications, meeting notices, withdrawals, amendments, and dissolution and merger agreements. Corporate paralegals also sometimes help create and maintain corporate minute books.
  • Helping in various corporate transactions – Corporate paralegals work directly with their supervising lawyers to prepare and close corporate transactions including initial public offerings, acquisitions, and mergers. Primarily, they work on due diligence investigation inquiries for these transactions. They likewise conduct SEC filings, prepare audit letters, and draft UCC or Uniform Commercial Code agreements.

An important note on salary

The corporate paralegal specialization is among the most in-demand paralegal professions within the field mainly due to the higher salary. Generally speaking, standard paralegal salaries would differ depending on the size of the corporation or law firm and the location, but corporations and law firms in large cities generally offer higher salaries than those in small cities, and large firms and corporations offer higher salaries than smaller ones.

Also, corporate paralegals would earn more than paralegals who work in a law firm in the same location, that’s about the same size of a corporation. This is something you need to mull over when going the corporate paralegal route.