IP Counsel to Partner (Walking In) Unique Reasonable Requirements, Prestigious Growing AM Firm
This prestigious AM firm has consistently increased revenue growth year after year for the past decade, while continuing to climb up the AM rankings. The firm has emerged from an AM 200 well into the AM 100 rankings. The firm is cash strong with zero debt, so with their strong financial position the firm’s leadership in conjunction with the firm’s IP leadership has made a commitment to expand the firm’s IP practice.
Currently the IP leadership is seeking Partners for their Patent Prosecution & Patent Counseling Practice Group. See Below
COUNSEL TO JUNIOR PARTNER LATERAL
The IP Leadership is seeking a Counsel/Partner, hereafter referred to as Partner that has demonstrated the ability to develop new business in their current role. This Partner should have reached 1 million in portable originations in their current firm, however the origination revenue commitment within the first 2 years of joining the group will be set at 500K to 600K. It should be noted if the Partner has not achieved these billing originations, but has clients on this trajectory, the IP leadership will consider this person. The Junior Partner will be eligible for “Equity Consideration” in 24 months of joining the firm. If this Junior Partner needs additional time for equity consideration, then the time will be granted. The firm does not have an up or out policy.
The firm encourages Partners to develop their practice and provides an excellent team of IP leaders that will support this Junior Partner, in terms of Partner mentor for day to day operations, new business development that will include being assigned a market support person that works within the firm’s marketing department, and a Partner career mentor, who will help this Junior Partner navigate into the Equity Partnership ranks.
The firm pays AM market compensation base salaries, plus bonus. The Jr. Partner’s origination is not the only measuring guideline for compensation. The IP/Firm leadership also considers intangible contributions made to the IP team/firm, such as participating in team marketing pitches, as well as doing work for other Partners and patent portfolio development. The IP group is very team and entrepreneurial oriented.
Currently the IP leadership is seeking this Junior Partner to have a strong technical engineering, that includes an electrical and or computer science/engineering educational background. They will also entertain other engineering degrees. The IP group has a lot of work in this arena and is in need of Partners who have technical educational backgrounds.
The IP leadership will also support this Junior Partner to grow his/her book of business by allowing them to add Patent Agents and Associates to their team. The firm is working closely with our Network Recruiter as our Recruiter has a solid track record of identifying Patent Agents and Associates with business. This Junior Partner will work closely with our Network Recruiter to build the team. The originations from these team additions will be added to this Junior Partner originations. These team members will be paid an additional bonus for their business. Since the Partnership is strongly committed to the mentoring of this Partner, the IP leadership would like to see this person assume a Group Leadership role at some point in the near future.
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