How Much Money do Patent Lawyers Make?

How Much Money do Patent Lawyers Make?
  • Type: Career Type
  • Opening Intro -

    Patent lawyers get higher salaries in comparison to lawyers.

    This is because of the fact that they have done specialization in a particular field by taking additional courses.

    The average salary of patent lawyer in U.S.A is about $180000.

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The exact salary however depends on a number of factors including the experience and location of the lawyer.

For instance, the experienced lawyers employed in leading private firms may earn more than $300000 per year while the beginners might have to work for $100000 an year. Similarly, location also plays an important role in determining the overall salary. This post explains in detail the different aspects of patent lawyers salary.

Required Qualifications

First of all, the interested student has to attend a law school. There is an option there to choose specialized areas like patent law. One of the most important things required on the part of students is to study past cases thoroughly. The library in the law school can be beneficial for this purpose. There is a patent bar exam for becoming a patent lawyer and all the engineering and science graduates are eligible to apply for this exam.

However, if a person has graduated from law school, he certainly has better chances. This is because different firms may require the patent lawyer to suggest possible solutions to other general legal issues. It must be remembered here that this exam is in addition to the basic state bar exam that a candidate has to qualify in order to practice law in that state.

The education also affects the salary to some extent. It is quite obvious that an individual having higher degrees like Master’s and PhD are paid better than simple graduates. Again, internship under a patent lawyer is also required. This helps in practical understanding of different legal scenarios.

Future Prospects

It is expected that the demand of patent lawyers will increase in future with advancement in internet technologies. A lot of copyright infringements are being noticed with increasing competition and this is where professionals can really help. The complex legal procedures involved in patenting any idea or invention requires the expertise of patent lawyers.

Again, the importance of additional qualifications is going to increase in future for the lawyers.

A number of talented individuals are joining this field which will increase the overall competition. However, a patent lawyer with all the desired qualifications and some experience can expect annual salary in the range of $100000-$300000.

If you have friends with having interest in this field, you may consider sharing this post to help them get some guidance and inspiration for for becoming a patent lawyer.

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Last update on 2019-10-14 / Affiliate links / Images from Amazon Product Advertising API

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Categories: Career Planning