Advantages of Hiring a Freelance Bankruptcy Paralegal in These Economic Times
Turn on CNN on any given day and you will continually be reminded of how many people have been laid off from their jobs, companies that are closing their doors, and families who can no longer afford to live in their homes due to increasing interest rates on mortgages, and declining home equity. The economy has tumbled down like a house of cards after a gust of wind has blown through it.
As a result, I have seen a tremendous increase in online attorney postings offering bankruptcy legal services, as well as an increase of inquiries DPS – Dallas Paralegal Solutions to my freelance paralegal company. Many of the inquiries I am receiving lately are coming from attorneys of various areas of practice who are now looking to enter into bankruptcy law.
As law firms look for qualified bankruptcy paralegals to assist with their growing or emerging bankruptcy practices, I have noticed positions not being filled, but rather remaining open for months on end. This leads me to wonder why there is increasing work but lack of appropriate talent to fill these positions. This presents one classic example where a freelance bankruptcy paralegal would be an excellent solution for a firm that is in a state of limbo with an overflow of work and no qualified support staff to take on crucial assignments that are relevant to chapter 7, 11 or 13 bankruptcy cases.
In these situations, with plenty of bankruptcy cases coming in the door but not enough staff to meet the demand, a bankruptcy legal practice can run the risk of not servicing their clients thoroughly and professionally, inhibiting that firm’s growth. Hiring and taking the time out to train a temp or to correct their mistakes can cost a bankruptcy practice time, money and even the trust of their clients. In these cases, contracting work out to an experienced and qualified freelance bankruptcy paralegal can save a bankruptcy practice priceless amounts of time and money.
Another plus to working with a freelance bankruptcy paralegal is taking advantage of their extensive experience which they have inevitably accrued through working with many different bankruptcy attorneys. Most freelance bankruptcy paralegals are well versed in how a bankruptcy practice should be run from an administrative standpoint, and it is their job to keep abreast of the changes in law and court procedures as it is a freelancer’s primary focus to remain on top of such issues in order to perform well for their attorney clients.
Freelance paralegals are not 9 – 5 employees, which means that there are no time limits for assignments and no worries about an employee going home before work is completed or the demands of overtime compensation. Since most freelancers work from home offices, they are more flexible to communicate with their clients and receive assignments at any time of day or night. Unencumbered by rigid office hours or office distractions such as secretarial duties, a freelance bankruptcy paralegal can focus on the specific task needed to be done to properly file a client’s motion.
Firms with multiple areas of practice can also take advantage of a freelance paralegal whose expertise lie in one of the firm’s areas of practice. With a freelancer, a firm can devote that freelance paralegal to one area of expertise without worry that the paralegal is being distracted by other tasks or other departments within the firm.