what is an ip attorney reddit

What should I know about becoming an IP attorney?

My starting salary as a patent attorney, fresh out of law school (2008), was 75k. It is easy to get misled by salaries. As u/clownsheep pointed out, the top of the scale for starting salaries is set by large firms. What is seldom mentioned is how small of a percentage of law school graduates get jobs at those firms.

Should I take IP courses in law school?

So back to the stats - according to US News, the median salary for a lawyer (of all types and levels of experience) is $118,160, with a 25th percentile of $77,580 and a 75th percentile of $176,580. However, biglaw starting salary for someone fresh out …

What is the highest demand for Intellectual Property Attorneys?

So yes, patent lawyers make a lot in big law, but so does everyone. The actual difference is the number of qualified candidates you need to compete against. In other specialities there may be 100+ candidates for any listing but in patent law there may be 10 or less. 4. level 1. ashakar.

Why would you hire an attorney with experience in intellectual property?

Intentionally trying to lower property taxes isn't inherently illegal. This method if doing it is, Or at least it is within most if not all city limits. 18. level 1. · 3 days ago. Depends on your area really tbh; property taxes generally go to the state/county so they are …

What does IP attorney mean?

intellectual propertyLegal professionals can specialize in a variety of law types. Some attorneys decide to go into intellectual property (IP) law, where they work to protect the rights of new inventions and created materials.Nov 7, 2021

How hard is it to be an IP lawyer?

It's hard to over-emphasize the importance of intellectual property law, because it covers such a wide range of human effort and creativity. ... Developing intellectual property may take years of work and often involves a hefty financial investment. The result, if things go well, can often be worth big bucks.

Is IP law stressful?

The higher the level of technical expertise and sophistication and the more cutting edge and valuable the IP the greater the pressure and stress. So, as most things in the legal area, ““it depends”. Extremely stressful.

Can you be an IP lawyer without a science background?

Basically, you can practice “soft IP” anywhere without a technical background. Just because you don't have a hard-science background, though, does not mean you are limited to copyright and trademarks. You can still litigate patent issues, draft licensing and technology transfer agreements, and work on patent policy.Sep 21, 2017

What is the highest paid lawyer?

Highest paid lawyers: salary by practice areaPatent attorney: $180,000.Intellectual property (IP) attorney: $162,000.Trial attorneys: $134,000.Tax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.More items...•Dec 14, 2021

Is IP law in demand?

Yes, IP lawyers are very much sought-after. In fact, the demand has never been higher, as more and more businesses are dealing with protecting their intangible assets, ideas, and patents. A: Intellectual property law jobs are based on protecting intellectual property, be it a trademark, patent, copyright, or license.

Do IP lawyers have good work life balance?

The Career Stress may come in the form of long working hours, demanding clients, and tight deadlines, but that is true for any law firm. ... Most people in IP firms claim an excellent work-life balance compared to other sectors of the law.Jun 29, 2021

What type of lawyer makes the most?

Types Of Lawyers That Make The Most MoneyMedical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ... Intellectual Property Attorneys – Average $128,913. ... Trial Attorneys – Average $97,158. ... Tax Attorneys – Average $101,204. ... Corporate Lawyers – $116,361.Dec 18, 2020

How do I become an IP lawyer?

How To Become an Intellectual Property Lawyer?Take any stream in 10+2. Candidate with any stream in plus two level is eligible for taking law at undergraduate level. ... Take Integrated BA/BBA/BSc/BCom LLB. ... Take LLM with Intellectual Property Law Specialisation. ... Take MPhil/ PhD.

Can I practice IP law?

Law students, if you're interested in IP, take IP classes, regardless of your major in college. With small exception, you can and should practice whatever type of law you want.Nov 28, 2017

What is soft IP law?

The term "soft intellectual property" is sometimes used to refer to intellectual property other than patents, including copyrights, trademarks, and trade secrets. It can also describe other assets that are harder to categorize, such as general knowledge about a product or confidential information held by a company.Nov 13, 2020

How much do intellectual property lawyers make?

Salary Ranges for Intellectual Property Lawyers The salaries of Intellectual Property Lawyers in the US range from $54,180 to $187,200 , with a median salary of $115,820 . The middle 50% of Intellectual Property Lawyers makes $102,750, with the top 83% making $187,200.

What does an IP lawyer do on a daily basis?

Intellectual property lawyers counsel their clients on establishing and protecting intellectual capital. Most IP law practices handle matters such as patents, copyright, trademark law, licensing, franchising, distribution, technology transfers, and trade secret projects.Apr 21, 2019

Is an IP attorney the same as a patent attorney?

Intellectual property (IP) lawyers deal with inventions, creations, and other intellectual and intangible types of property. ... Patent attorneys, however, are not the only types of IP attorneys. Under the umbrella of IP lawyers also fall trademark, copyright, trade secret, and Internet/e-commerce attorneys.

How hard is IP law?

It's hard to over-emphasize the importance of intellectual property law, because it covers such a wide range of human effort and creativity. ... Developing intellectual property may take years of work and often involves a hefty financial investment. The result, if things go well, can often be worth big bucks.

Is IP law stressful?

The higher the level of technical expertise and sophistication and the more cutting edge and valuable the IP the greater the pressure and stress. So, as most things in the legal area, ““it depends”. Extremely stressful.

How do I become an IP lawyer?

How To Become an Intellectual Property Lawyer?Take any stream in 10+2. Candidate with any stream in plus two level is eligible for taking law at undergraduate level. ... Take Integrated BA/BBA/BSc/BCom LLB. ... Take LLM with Intellectual Property Law Specialisation. ... Take MPhil/ PhD.

What is the highest paid lawyer?

Highest paid lawyers: salary by practice areaPatent attorney: $180,000.Intellectual property (IP) attorney: $162,000.Trial attorneys: $134,000.Tax attorney (tax law): $122,000.Corporate lawyer: $115,000.Employment lawyer: $87,000.Real Estate attorney: $86,000.Divorce attorney: $84,000.More items...•Dec 14, 2021

What type of lawyer makes the most?

Types Of Lawyers That Make The Most MoneyMedical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ... Intellectual Property Attorneys – Average $128,913. ... Trial Attorneys – Average $97,158. ... Tax Attorneys – Average $101,204. ... Corporate Lawyers – $116,361.Dec 18, 2020

Chicago Firms: Best and worst?

Where do you work? What practice group? Hours? How does your experience compare with other friends at big firms in Chicago? Where would you want to work most or what practice groups “have it best”

Should I take a BigLaw associate position?

Appreciate your time. Please let me know if this is the incorrect subreddit to pose this question.

V10 firm looking for laterals - multiple practice areas, markets

My V10 Firm hiring all over in multiple practice areas - NYC, San Francisco, LA, Palo Alto, Orange County, Dallas, Denver, Houston, Washington DC. Must have great credentials (meaning, good grades at good schools) and be coming from a good firm. Message me for more details about the firm and any of the below opportunities.

1st year Junior Associate office transfer request

How receptive are firms to transfer requests? I am a first-year in NY at a V10 and would like to transfer to Texas (Houston). Are most firms receptive to these requests? Any pro/cons? When would y'all say would be good time to put in a request? Is 6 months after starting to early? Should you wait until at least 1 year?

Term for law firm publications on legal developments?

Is there a good generic term for the publications that law firms freely distribute on current events in various legal fields?

What does it mean to be a lawyer?

Being a lawyer means being a writer. Just when you thought those law school papers were done, that's not quite the case. "I'm a litigator, which can be a bit like writing a term paper every night for the rest of your life," Devereux says.

Who developed the bar exam?

The bar exam wasn't exactly designed with everyone in mind. " Here’s the thing. The bar exam—like most academic exams in our country—was first developed by white, affluent, powerful men (a.k.a. the patriarchy) who very much wanted to retain their power," Rodgers says. While the exam and its policies have changed slightly over the years, it's still going to be a challenge to pass.

Does law school teach you how to practice law?

" Law school doesn't really teach you how to practice law," Devereux says. It turns out, you have a lot left to learn. "In the beginning, it may seem like nearly every time you are assigned a task, it's something that you've never done before," she adds. But don't worry, eventually, with more practice (pun intended) you'll get the hang of the skill set and type of law you're practicing. "The anxiety should subside after a couple of years when you've developed a decent base of skills," Devereux says.

Can you make a partner?

It's not easy to make partner (or become a part-owner of a firm instead of an employee), even if you're a top performer. "In my experience, most people I worked with did not make partner," Jamie says. Often, it's worth it to leave and go to another firm to get to that level, she admits.

Do lawyers work a lot?

" Lawyers work a lot of hours, and clients can have issues requiring your attention at any time, regardless of whether it's a weekend, holiday, or during your vacation. And, thanks to technology, you can and will be expected to respond and perform the work from wherever you are as soon as humanly possible," Devereux says. This is just kind of the reality for some types of law. Also, certain seasons are specifically busy (for example, if you're a tax attorney).

What are the common problems lawyers face?

Burnout, stress, and depression are incredibly common among lawyers. Make sure you take advantage of mental health days, vacation days, and sick days, and if you're truly struggling (or your colleagues are), consult a mental health practitioner. 15. You probably won't be rich.

Who is Mara Santilli?

Mara Santilli Mara is a freelance writer and editor specializing in culture, politics, wellness, and the intersection between them, whose print and digital work has appeared in Marie Claire, Women’s Health, Cosmopolitan, Airbnb Mag, Prevention, and more.