Collateral clerk vs law clerk

The differences between collateral clerks and law clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, a law clerk has an average salary of $55,916, which is higher than the $34,476 average annual salary of a collateral clerk.

The top three skills for a collateral clerk include customer service, data entry and customer accounts. The most important skills for a law clerk are litigation, legal issues, and legal memos.

Collateral clerk vs law clerk overview

	Collateral Clerk	Law Clerk
Yearly salary	$34,476	$55,916
Hourly rate	$16.57	$26.88
Growth rate	-5%	10%
Number of jobs	66,388	75,014
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 63%
Average age	51	41
Years of experience	6	-

Collateral clerk vs law clerk salary

Collateral clerks and law clerks have different pay scales, as shown below.

	Collateral Clerk	Law Clerk
Average salary	$34,476	$55,916
Salary range	Between $24,000 And $48,000	Between $27,000 And $114,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Hughes Hubbard & Reed
Best paying industry	-	Professional

Differences between collateral clerk and law clerk education

There are a few differences between a collateral clerk and a law clerk in terms of educational background:

	Collateral Clerk	Law Clerk
Most common degree	Bachelor's Degree, 43%	Bachelor's Degree, 63%
Most common major	Business	Law
Most common college	University of Pennsylvania	Stanford University

Collateral clerk vs law clerk demographics

Here are the differences between collateral clerks' and law clerks' demographics:

	Collateral Clerk	Law Clerk
Average age	51	41
Gender ratio	Male, 21.2% Female, 78.8%	Male, 52.5% Female, 47.5%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.9% American Indian and Alaska Native, 0.6%	Black or African American, 9.4% Unknown, 8.3% Hispanic or Latino, 17.8% Asian, 10.3% White, 53.9% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	13%

Differences between collateral clerk and law clerk duties and responsibilities

Collateral clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Compile and organize client data for taxation and litigation purposes; reconcile bank statements.

Law clerk example responsibilities.

Hire specifically to perform legal research and write memorandums on probate cases, particularly those involving litigation.
Conduct legal research, draft various legal documents, including complaints, social security/disability appeals, settlement demand letters and subpoenas.
Research and draft affirmations in support, arbitration contentions, discovery responses, and attorney correspondence for insurance fraud litigation firm.
Value securities by performing company valuations utilizing DCF and multiples methods.
Develop valuation ranges using precedent transaction, comparable company, and DCF analyses
Utilize LexisNexis and WestlawNext search databases to conduct legal research and data analysis.

Collateral clerk vs law clerk skills

Common collateral clerk skills

Customer Service, 29%
Data Entry, 24%
Customer Accounts, 22%
UCC, 14%
Loan Payments, 12%

Common law clerk skills

Litigation, 16%
Legal Issues, 7%
Legal Memos, 7%
Pre-Trial Motions, 6%
Interrogatories, 4%
Summary Judgment, 3%