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In IP transactions (life sciences, not tech, doing primarily complex licensing) and love it.
First question you have to answer is do you want to be a litigator or not. I tried ip lit and patent pros my 1L summer, IPT my 2L summer, and liked the pace of corporate work more - faster deals, more variety, less risk you get stuck on something and it lingers for years. Plus I loved contract drafting far more than westlaw research - theres something freeing about being able to just go “this is how I think this should work” without having to search for just the right court precedent.
Fewer than you’d think - lots of firms who have IPT groups are primarily deal support and only dabble in licensing. The top five players in this space are really Ropes, Goodwin, Covington, WSGR, and Cooley.
I am a EE in IP lit. I like it and I’m in demand. It’s easier for me than others, so it gives me an edge.
What I don’t like is that I wish it was transferable to other countries as I’d like to move to the old continent
In M&A but wish I did tech transactions. Wasn’t meant to be a litigator so went the transactional route.
Mentor
@A1 my heart goes out to you
TT/IP transactions was my target PG since law school yet was pushed into M&A and it’s been such an uphill battle to pivot back in spite of rock solid substantive expertise
It’s aggravating seeing non-technical people who stumbled into the work thanks to market timing
IP Lit and wish I did tech transactions or licensing. If you have the option don’t do litigation.
Project finance (specialist) it scratches the technology itch in most ways, I like it
Tax, yes
Will add I tried IP lit and it was boring bc it wasn’t hard enough, just regular lit with an IP statute.
I started doing broad IP/tech work and now as a senior associate focus in on Tech Transactional work only (both deal support and my commercial contracting).
I enjoyed all types of work I did, but enjoyed Tech Transactional the most. Enjoyed patent pros but it’s very hard to build a reliable practice there. Didn’t enjoy IP lit as much mainly because I don’t enjoy things like discovery and memo/letter writing.
Yeah the real question is do you want to do lit or transactional work. I have STEM degree and in IP lit. I’m happy in it (but probably would have enjoyed general commercial lit as well).
Mentor
Levfin, private credit, fund finance.
I do t&e. I like math