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Starting an IP Law Practice: Critical Questions to Ask Yourself

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Format: Book - softbound
Brand: American Bar Association
ISBN: 9781614386865
Service #: 41353483
Pages: 172
Publication frequency: As needed
Update method: No updating

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Starting an IP Law Practice: Critical Questions to Ask Yourself

104414700

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Published by the American Bar Association (ABA), Starting an IP Law Practice by Ann M. Mueting will help you ask the right questions, evaluate your options, and decide what is best for you as you embark on the adventure of developing your own IP practice.

So you think you want to start your own intellectual property law firm. Do you want to practice out of your basement, in your slippers, with your dog nearby? Or do you want to develop a specialized IP law practice within a large law firm? Start by asking yourself some critical questions:

  • Are you ready to work the long hours needed?
  • Do you have a high tolerance for risk?
  • Do you have both the drive and patience to see it through?
  • Do you have the business savvy to run a practice?
  • Do you have the time necessary to build a business?
  • Do you have the stamina?
  • Do you have the self-respect to make mistakes and live through it?
  • Can you face failure and survive?

Valuable case studies illustrate what practitioners like you have faced in setting up various types of practices focused on intellectual property in a variety of settings. These real-world examples cover all aspects of starting an IP practice, including acquiring an office, equipment, and staff; getting and keeping clients; methods for establishing fees; accounting practices and procedures; and managing the practice, office, staff, and employee benefits.