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The differences between litigation associates 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 litigation associate and a bankruptcy specialist. Additionally, a litigation associate has an average salary of $112,116, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a litigation associate include litigation, law firm and legal research. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Litigation Associate | Bankruptcy Specialist | |
| Yearly salary | $112,116 | $35,498 |
| Hourly rate | $53.90 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 9,779 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Doctoral Degree, 56% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
A Litigation Associate offers legal advice for individuals involved in lawsuits and represents them in court. They prepare pleading, collect evidence, defend depositions, and manage the client database.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Litigation associates and bankruptcy specialists have different pay scales, as shown below.
| Litigation Associate | Bankruptcy Specialist | |
| Average salary | $112,116 | $35,498 |
| Salary range | Between $68,000 And $182,000 | Between $27,000 And $46,000 |
| Highest paying City | White Plains, NY | Norfolk, VA |
| Highest paying state | New York | California |
| Best paying company | Bryan Cave Leighton Paisner | The PNC Financial Services Group |
| Best paying industry | Professional | Finance |
There are a few differences between a litigation associate and a bankruptcy specialist in terms of educational background:
| Litigation Associate | Bankruptcy Specialist | |
| Most common degree | Doctoral Degree, 56% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between litigation associates' and bankruptcy specialists' demographics:
| Litigation Associate | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 31.0% Female, 69.0% |
| Race ratio | 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% | 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 Percentage | 10% | 10% |