Long term career prospects in Patent Law: Lit v Prosecution

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09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Long term career prospects in Patent Law: Lit v Prosecution

Postby 09042014 » Wed Sep 29, 2010 8:48 pm

What are the big law / boutique exit options?

Which is more likely to lead to partnership?

Which is more desired in lateraling?

Emu Flu
Posts: 42
Joined: Fri Jul 16, 2010 10:21 pm

Re: Long term career prospects in Patent Law: Lit v Prosecution

Postby Emu Flu » Thu Sep 30, 2010 2:10 am

I've always considered patent prosecution as having better exit options. You can work in any size firm (10 lawyers to 1000 lawyers) and earn a good salary, it's easier to start your own firm, and there are more in-house opportunities in the field.

yellowjacket2012
Posts: 283
Joined: Thu Jun 17, 2010 1:01 pm

Re: Long term career prospects in Patent Law: Lit v Prosecution

Postby yellowjacket2012 » Thu Sep 30, 2010 2:51 am

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Last edited by yellowjacket2012 on Mon Oct 11, 2010 7:11 pm, edited 1 time in total.

laborday
Posts: 20
Joined: Sat May 30, 2009 9:46 am

Re: Long term career prospects in Patent Law: Lit v Prosecution

Postby laborday » Thu Sep 30, 2010 4:06 am

yellowjacket2012 wrote:yikes


???

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Big Shrimpin
Posts: 2468
Joined: Fri Oct 24, 2008 12:35 pm

Re: Long term career prospects in Patent Law: Lit v Prosecution

Postby Big Shrimpin » Thu Sep 30, 2010 8:29 am

Curious about this, too

thwalls
Posts: 215
Joined: Wed Jun 10, 2009 9:28 am

Re: Long term career prospects in Patent Law: Lit v Prosecution

Postby thwalls » Thu Sep 30, 2010 8:40 am

Patent Lit = More $$$$$$$

Patent Pros = A little less $$$ but you will be able to have a great quality of life since it's the closest to a 9-5 job as there is in the law.


As someone who actually does it (patent pros), I think I know what I'm talking about. Also, if your work product is good then you can still be on the path to partnership, depending on the firm. At boutique firms, it's a heck of a lot easier to make partner. My firm, for example, usually requires 8 years and that's for doing prosecution the whole time. Moreover, they already told me that my time as a patent agent/evening law student counts towards partnership. I'm not sure if every small firm is that way, but it's definitely a huge plus over big law.

Also doing patent prosecution in this financial climate allows you to build a book of business much faster since more clients want to prosecute patents and don't have the cash to litigate.

This is just my opinion, so don't hate.




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