A drilling rig having a lift arm, which may be an auxiliary lift arm provided in addition to a primary lifting cable system of the drilling rig. The lift arm may be configured to hoist and/or manipulate drill collar, drill pipe, or other drilling pipe or conduit. The lift arm may be coupled to a mast of the drilling rig and may have a cantilevered boom extending therefrom. The boom may be configured to pivot between alignment, or near alignment, with well center and a racking board. The lift arm may additionally have a pipe engaging element coupled to the boom. The pipe engaging element may be configured to couple to stands or lengths of drilling pipe. The pipe engaging element may be raised and lowered together with or relative to the boom via a lift line controllable via a hydraulic cylinder, winch, or other suitable mechanism for withdrawing and releasing the line.