Growth in the paralegal sector
The reason for the growing abundance of paralegals in the sector stems from several factors. Firstly, the cost of training: spending £27k on a law degree and then another £16k on the professional exams (whether aiming towards becoming a solicitor or barrister) is quite a costly process. Secondly: there are not enough training contracts or pupillages to go around. Competition is so great that many are opting for another career – that of the paralegal. The increase in competition is due to the rise in the number of institutions running the professional courses, especially over the last 20 years.
With many paralegals gaining a Licence to Practise, having a PLL in place and setting up their own firms to offer legal services to clients, it makes economic sense to outsource work to them.