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Legal department manager vs bankruptcy specialist

The differences between legal department managers and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a legal department manager and a bankruptcy specialist. Additionally, a legal department manager has an average salary of $66,307, which is higher than the $35,498 average annual salary of a bankruptcy specialist.

The top three skills for a legal department manager include litigation, external counsel and risk management. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.

Legal department manager vs bankruptcy specialist overview

Legal Department ManagerBankruptcy Specialist
Yearly salary$66,307$35,498
Hourly rate$31.88$17.07
Growth rate10%10%
Number of jobs38,1464,381
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 50%
Average age4646
Years of experience44

Legal department manager vs bankruptcy specialist salary

Legal department managers and bankruptcy specialists have different pay scales, as shown below.

Legal Department ManagerBankruptcy Specialist
Average salary$66,307$35,498
Salary rangeBetween $38,000 And $114,000Between $27,000 And $46,000
Highest paying CityBoston, MANorfolk, VA
Highest paying stateMassachusettsCalifornia
Best paying companyMetaThe PNC Financial Services Group
Best paying industry-Finance

Differences between legal department manager and bankruptcy specialist education

There are a few differences between a legal department manager and a bankruptcy specialist in terms of educational background:

Legal Department ManagerBankruptcy Specialist
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 50%
Most common majorLawBusiness
Most common collegeStanford UniversityStanford University

Legal department manager vs bankruptcy specialist demographics

Here are the differences between legal department managers' and bankruptcy specialists' demographics:

Legal Department ManagerBankruptcy Specialist
Average age4646
Gender ratioMale, 34.5% Female, 65.5%Male, 31.0% Female, 69.0%
Race ratioBlack or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.6% American Indian and Alaska Native, 0.3%Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3%
LGBT Percentage10%10%

Differences between legal department manager and bankruptcy specialist duties and responsibilities

Legal department manager example responsibilities.

  • Prepare and distribute payroll manage daily office operations and equipment and maintain supplies for office to run effectively.
  • Coordinate with litigation department on state and federal government subpoenas on customer account activity.
  • Provide expert testimony at NASD/NYSE arbitration hearings.
  • Handpick arbitration ready accounts and oversee the legal department.
  • Review and analyze third-party subpoenas, garnishments and other document requests and coordinate require responses.
  • Work hand-in-hand with legal representation in litigation discovery process, development of legal arguments and exhibits as well as deposition preparation.
  • Show more

Bankruptcy specialist example responsibilities.

  • Achieve award for increasing efficiency by extensively communicating with debtors' attorneys and monitoring trustee activities on a daily basis.
  • Provide training and support to other analysts regarding negotiation of litigation and contest bankruptcy matters.
  • Prepare cases for litigation, facilitate appropriate management of attorneys to insure proper representation of bank.
  • Develop SEO marketing initiatives that range from keyword research to competitive analysis and generate weekly reports analyzing clients' traffic trends
  • Provide comprehensive counseling to consumers regarding affordable housing programs, first-time homebuyer programs, and post-purchase education.
  • Maintain up-to-date information on lending and homebuyer assistance programs, assist with evaluating the housing counseling services provide by stimulus monies.

Legal department manager vs bankruptcy specialist skills

Common legal department manager skills
  • Litigation, 12%
  • External Counsel, 9%
  • Risk Management, 8%
  • Due Diligence, 5%
  • Legal Issues, 5%
  • Legal Research, 5%
Common bankruptcy specialist skills
  • Relief, 8%
  • Pacer, 7%
  • Foreclosure, 6%
  • MSP, 5%
  • Bankruptcy Court, 4%
  • Debtor, 4%