Job Prospects for Patent and IP Law in Biotech and Pharma
Posted: Thu May 02, 2013 8:57 pm
This is my first time posting on this website forum, and I am seeking some sort of guidance to pursue a career that I have been longing for awhile now.
First off, I'd like to mention my qualifications and work experience, so the viewers can assess if I would be even marketable for such legal jobs. I received an Honors BSc. in Biotechnology (approx. 3.7 GPA), along with a Technical Diploma in Biotech (part of the honors program), and a total of 2 years of paid internships in both research academia and at an industrial lab at a large biopharmaceutical firm. Currently, I am working at a biotech firm in the QA/RA dept. and plan on working here for the next year or two.
For those of you who are going to ask the common questions, do you really want to be a lawyer? Can you afford the costs? Do you have a plan? Here are my answers...
Yes, I want to become a lawyer. More importantly I want to study law. I am very interested in the biotech field, but I like how legal institutions attempt to take an objective scientific approach on philosophical concepts. Almost like taking the scientific approach on concepts that are much more difficult to decipher and rationalize.
NO, I cannot afford to go to a top-tier law school whether it be in the US of Canada (I'm a Canadian citizen btw). I'd have to take out a huge loan to fund this endeavor, which is why its so hard for me to justify that my investment will be well worth it.
YES, I have a plan, but a plan alone does not guarantee that the plan will follow through. I am thinking of pursuing a JD/MBA with a focus on IP, technology commercialization, and marketing research. I hope to work as a patent attorney and also participate in Mergers and Acquisitions and other IP-related job functions in the biotech/biopharma industry.
Everything seemed like a good idea, during my undergrad years, until a realized how messed up he legal institutions have become over the years (e.g. outrageous tuitions costs/debts, highly competitive job prospects where salaries do no reflect the level of education attained). IN ADDITION, after speaking to local patent attorneys, I realized most have a PhD, and most recruiters look for JDs who have a PhD, with the underlying rationale that they are more knowledgable in the research involved in those patents. This is why I reasoned myself into looking into a JD/MBA rather than just a JD, so I can differentiate myself from other IP candidates with a PhD. I thought about doing a PhD, but was quickly advised not to go that route to solely become a patent lawyer, and I also am confident that my experiences in academic research has developed plently of skills and insight into dissecting research papers into pieces.
Everyone is telling me the job prospects for lawyers are horrendous, and I believe them, but I believe it applies to 'generic' lawyers. Can anyone inform me of the job prospects for Patent Attorneys or lawyers specializing in IP within the biotech/biopharm sector? Will I be able to compete against other prospective patent attorneys with PhDs? I know I need to have a more detailed plan, and I would appreciate any kind of advice or insight anyone can provide.
Thanks.
First off, I'd like to mention my qualifications and work experience, so the viewers can assess if I would be even marketable for such legal jobs. I received an Honors BSc. in Biotechnology (approx. 3.7 GPA), along with a Technical Diploma in Biotech (part of the honors program), and a total of 2 years of paid internships in both research academia and at an industrial lab at a large biopharmaceutical firm. Currently, I am working at a biotech firm in the QA/RA dept. and plan on working here for the next year or two.
For those of you who are going to ask the common questions, do you really want to be a lawyer? Can you afford the costs? Do you have a plan? Here are my answers...
Yes, I want to become a lawyer. More importantly I want to study law. I am very interested in the biotech field, but I like how legal institutions attempt to take an objective scientific approach on philosophical concepts. Almost like taking the scientific approach on concepts that are much more difficult to decipher and rationalize.
NO, I cannot afford to go to a top-tier law school whether it be in the US of Canada (I'm a Canadian citizen btw). I'd have to take out a huge loan to fund this endeavor, which is why its so hard for me to justify that my investment will be well worth it.
YES, I have a plan, but a plan alone does not guarantee that the plan will follow through. I am thinking of pursuing a JD/MBA with a focus on IP, technology commercialization, and marketing research. I hope to work as a patent attorney and also participate in Mergers and Acquisitions and other IP-related job functions in the biotech/biopharma industry.
Everything seemed like a good idea, during my undergrad years, until a realized how messed up he legal institutions have become over the years (e.g. outrageous tuitions costs/debts, highly competitive job prospects where salaries do no reflect the level of education attained). IN ADDITION, after speaking to local patent attorneys, I realized most have a PhD, and most recruiters look for JDs who have a PhD, with the underlying rationale that they are more knowledgable in the research involved in those patents. This is why I reasoned myself into looking into a JD/MBA rather than just a JD, so I can differentiate myself from other IP candidates with a PhD. I thought about doing a PhD, but was quickly advised not to go that route to solely become a patent lawyer, and I also am confident that my experiences in academic research has developed plently of skills and insight into dissecting research papers into pieces.
Everyone is telling me the job prospects for lawyers are horrendous, and I believe them, but I believe it applies to 'generic' lawyers. Can anyone inform me of the job prospects for Patent Attorneys or lawyers specializing in IP within the biotech/biopharm sector? Will I be able to compete against other prospective patent attorneys with PhDs? I know I need to have a more detailed plan, and I would appreciate any kind of advice or insight anyone can provide.
Thanks.