<p>Hiking10k:</p>
<p>beyond the two paths clearly outlined by dadodsam, I think there is a third way: </p>
<p>Start your own shop!</p>
<p>That may sound like a crazy scenario for somebody straight out of law school but I don’t believe it is. In the current economy I personally think it is the best choice. Big law is not hiring and small boutique shops are also struggling. </p>
<p>It is the path I followed and it has worked beyond my wildest expectations. I graduated from law school two years ago and opened shop the day after my acceptance to the state bar. I took the patent bar six months later. I now have five to six long term clients and am ready to hire another partner because on the demand on the business. I don’t advertise, don’t even have web site but still business is flowing in. I don’t bill by the hour and my commute is 20 feet from my bedroom to my home office. </p>
<p>This may sound too good to be true, like one of these late night infomercials! Now granted, I didn’t follow the traditional path. Law is really a second career to me after 25 years as a technology entrepreneur. I graduated from MIT back in 1980 and have started and run a number of companies, none of which unfortunately hit the jackpot. After the market bust of 2000, where my latest venture had run out of cash, I was getting bored with nothing to do while waiting for the tech market to recover. I thought I would form a consulting company to work with small business. After dealing with the frustrations of trying to get my own inventions protected and patents filed, I felt there was a disconnect between what emerging technology companies needed and what IP firms offered. There was no concept of building IP as an asset that could be leveraged. Patent work was just a big black hole where money went in and little ever came out. I then thought about becoming a patent agent but quickly realized I would better off as an attorney. I could give all type of business advice not just write patents. </p>
<p>I had to have an angle and I found it: the patent field was going through major changes, established attorneys were confused by the new rules and major patent reform was on the horizon. Clients hated the bill by the hour model (I know I did) and they wanted quick results. I focused on a small niche which most established patent firms don’t cover which is accelerated examinations. Established firms firms don’t do these examinations because they don’t know how and even if they do it their business model makes it difficult for them to pursue these opportunities: you needed to do tons of upfront research and you could not charge it all back to the client. I tested the concept with a few tech companies and their investors and the response was immediate: you mean you can get me an office action on the merits within 3 months as opposed to 3 years! A patent within one year as opposed to 5! Where do I sign? </p>
<p>I also approached universities for business as they all try to leverage their R&D but it didn’t go far. They wanted docketing software, liability insurance and the competition was fierce. They also didn’t care about accelerated examinations as much as small companies.</p>
<p>So now, I work with a few hand picked companies that need to build a patent portfolio in order to raise capital. The projects are at least a year in length and I charge the companies a flat monthly retainer. Companies don’t see my cost as an expense but as an investment in IP. I can help them monetize their inventions. I work on nanotech, software, medical devices and anything I believe I can get my hands around. I “imbed” with the inventors until I know everything about their work. That will typically take months. My objective is to know as much about the technology as the key inventors before I write a single sentence in the application. Most inventors have no clue about the prior art so I have developed specialized search tools to help me survey the opportunity. </p>
<p>Since you have a strong technology background, and if you are willing to invest a ton of time to understand new technologies, i don’t see why what I do could not work for you. Send me a PM, maybe we could work together!</p>