First, they represent the “attorney’s interest” in the lateral process, NOT the “law firm’s interest,” and act as the attorney’s “agent,” thus abandoning their name of Legal Recruiter and adopting our name of Network Agent.
Second, they “window shop” the entire IP marketplace on behalf of the attorney they represent, going straight to the powerbase of the firm—all without disclosing the identity of the attorney—and seeking out exactly what the attorney wants! Many times the powerbase may be in a different geographical area other than where the search is being conducted.
Through the process of shopping the marketplace on behalf of an attorney, our Network Agent may discover “Career Changing Opportunities”. They might not fit the needs of the attorney being represented, but do fit the parameters for what our Network Agents consider as valuable opportunities for other attorneys.
Opportunity to transition non-equity to equity Partner
Gaining bench strength on lateral move for new business development
Additional marketing support commitment to grow a book business
Greater responsibilities within the Practice Group such as Committee Leader or Chairship
Transition from Counsel to Partnership on a lateral move
Defined path from Counsel to Partner
An expedited and defined path to partner
Defined competencies needed to make the partnership transition
Support in terms of casework and mentorship to help obtain the defined competencies
Financial commitment supporting the plan, such as above-market compensation
Executive and Admin Committee Sponsorship, just as a partner obtains on a lateral move
Greater compensation
Additional bonus money for business origination
Financial support for law school
Defined Career Path for life-time Patent Agents/ Technical Advisors
Our Network Agents want to take advantage of the career changing opportunities they encounter for other IP Attorneys in the marketplace. They reach out to Only IP Law for assistance locating attorneys who may have an interest in these opportunities.