A law firm hires a full-time employee for a $70k base salary whose billable quota shall be 1,300 hours per year at $215 per hour. They have insurance benefits, PTO, sick days, and paid holidays (~$9.4k/year) as well as paid training, onboarding, and time spent achieving peak productivity ($11k-56k).
Another law firm hires a freelance paralegal at $60/hour. They also bill 1,300 hours per year at $215 per hour. They receive no benefits and require little to no training to achieve peak productivity.
A company hires a full-time employee for a $70k base salary with insurance benefits, PTO, sick days, and paid holidays (~$9.4k/year) as well as paid training, onboarding, and time spent achieving peak productivity ($11k-56k).
Another company hires a freelance paralegal at $60/hour for 1,300 hours per year. The paralegal receives no benefits and require little to no training to achieve peak productivity.