We are looking for an enthusiastic, motivated, accurate and service-oriented colleague to join our EMEA legal team in the Netherlands. In this role, you will rely on you to provide a wide range of support to legal counsel and our sales teams, particularly in contract management and drafting. This position involves a variety of tasks and responsibilities and requires perseverance, commitment and initiative. Careers in contract management can range from entry to the next level. Contract administrators with 1 to 3 years of experience earned between $53,750 and $74,500 in 2016. In 2017, this salary range increased by 4.7% to $56,250 to $78,000. Contract administrators were at the top in terms of salary compared to paralegals. In 2017, paralegals earned between $44,500 and $59,250 in medium-sized law firms. I don`t do it because it was nice not to track my day and be responsible for my time and how my day goes.
As long as I do my job, it doesn`t matter in what order I do it. It also pays more than the paralegal position I had in litigation. Although contract administrators work on behalf of a contracting party, they serve as a link with the external party to ensure the smooth running of negotiations and changes. Contract administrators are expected to be able to exercise independent judgment and discretion when negotiating contracts on behalf of their business and business partners. They must be able to maintain strict confidentiality and a high level of professionalism. You should also have strong oral and written communication, proofreading and interpersonal skills. This is certainly the case for the contract management profession, a role that is attracting increasing attention, as companies want to ensure that when drafting, reviewing and amending contracts, complete due diligence is done under the eyes of a legal expert. In fact, you will find that the legal knowledge and experience you have gained as a paralegal will allow you to work from home in this important sub-area of contract law.
This work also relies heavily on nurturing relationships between the company and its business partners, so your job is likely to be as much a liaison as it is a contract manager. Law is a dynamic machine that changes and changes according to the needs of business and government. And the paralegal profession is evolving with these changes and is constantly being redefined in response to the dynamics of the legal system. We identified hundreds of job openings for contract administrators across the country, the majority of which require some form of legal or business experience. The following requirements were drawn directly from contract manager job postings: Of course, the type of contracts you manage varies depending on the industry, the type of company you work for, and the role the company plays in a particular agreement, but in all cases, the roles and responsibilities are quite similar. Simply put, the contract administrator is responsible for managing contracts on behalf of their employer. I work with City Council, attend meetings and keep minutes of meetings. I also do community outreach. Recently, I also expanded my role to include DBE: Disadvantaged Business Enterprises, which helps socially and economically disadvantaged businesses compete for government-funded transport contracts. My role is constantly evolving and growing. Professionals involved in contract management manage contracts, contract terms, results and deadlines.
The contracts you might manage may be about employee relations. Purchase, sale or lease contracts, contracts related to new or existing business proposals, supply contracts, subcontracted services covering everything from accounting to logistics to construction. And the list goes on, almost endlessly. Even after the contract has been awarded, the contract administrators remain informed and ensure that the contract is executed and that customer service, budget and operations are maintained throughout the contractual relationship. As you progress in your career as a paralegal, you will develop specialized knowledge and expertise in specific areas of law. This targeted knowledge can lead you to leadership roles, although these moves can often be a bit lateral – both in terms of salary and the primary function of your job. If you have a few years of experience under your belt, have been recognized as a law firm executive, and are ready for a new challenge, it may be time to explore contract management and how it could open up entirely new career opportunities for you. But there`s no reason why a paralegal should need to experience this kind of career stagnation.
In fact, there are few other professions as well equipped as paralegals to slip effortlessly into other areas of activity. Companies need professionals with a solid understanding of contract law who are knowledgeable about business and turn to paralegals to fill these positions. I started this job at $48,000 and within a few years I was already making $54,000. My first litigation job earned me $36,000. When I went there to take another job as a paralegal, I started with the same salary. Even though I worked with this company for over five years, I was still making less than $40,000 when I went there. A similar increase occurred for contract managers with 4+ years of experience. These lawyers earned between $71,750 and $115,000 in 2016. In 2017, the average salaries of these lawyers increased by 4.4%, from $76,750 to $118,250. Again, contract administrators earned more than paralegals with similar experience.
In 2017, paralegals with 4 to 6 years of experience in a medium-sized law firm earned between $61,750 and $76,500. They resolve conflicts, coordinate with all levels of management to evaluate contractual strategies and facilitate relationships with internal and external clients. They also analyse the impact of contract changes and the resulting liability issues. Contract management is the management of contracts that are or must be concluded with customers, suppliers, partners or employees. Contract administrators are responsible for establishing and maintaining working relationships with internal and external business partners and coordinating communications with corporate clients, client advisors and business consultants. For paralegals looking to step outside the traditional role, contract management is a natural choice, making it a path that more and more paralegals are choosing. And for good reason: a 2017 survey by Robert Half found that the position of administrator/contract manager was the most sought after in most regions of the United States. Think again. Taking what you learn as a paralegal and exploring other professional roles in business isn`t just possible, it`s actually more common than you think. The Robert Half 2017 Salary Guide revealed that the contract manager profession is one of the “hot jobs” expected for growth and salary increases in the coming years. Warby Parker is looking for an astute paralegal/contract administrator to join our growing legal team.
In this role, you will oversee and maintain our organization`s contract and information management system. Working closely with our sales advisor, you will also review day-to-day contracts that support various aspects of Warby Parker`s business. Through a series of special projects, you will continuously improve your skills and support the legal team. Sounds cool? Read on! Contract management requires record keeping for each contract and all correspondence, amendments, clarifications and other information related to the contract. Contract managers also ensure that contracts are executed in accordance with company policies.