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Long term career prospects in Patent Law: Lit v Prosecution
Posted: Wed Sep 29, 2010 8:48 pm
by 09042014
What are the big law / boutique exit options?
Which is more likely to lead to partnership?
Which is more desired in lateraling?
Re: Long term career prospects in Patent Law: Lit v Prosecution
Posted: Thu Sep 30, 2010 2:10 am
by Emu Flu
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.
Re: Long term career prospects in Patent Law: Lit v Prosecution
Posted: Thu Sep 30, 2010 2:51 am
by yellowjacket2012
.
Re: Long term career prospects in Patent Law: Lit v Prosecution
Posted: Thu Sep 30, 2010 4:06 am
by laborday
yellowjacket2012 wrote:yikes
???
Re: Long term career prospects in Patent Law: Lit v Prosecution
Posted: Thu Sep 30, 2010 8:29 am
by Big Shrimpin
Curious about this, too
Re: Long term career prospects in Patent Law: Lit v Prosecution
Posted: Thu Sep 30, 2010 8:40 am
by thwalls
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.