Tech/IP specialist at a V20 with engineering background. Most of my work supports M&A (diligence, memos, PA markups), with some commercial exposure. I often hear criticism about “deal support” but I don’t mind the work. Trying to pressure-test the long-term path: If I spend the next several years doing primarily deal-focused tech/IP work, am I limiting my in-house or commercial exit options? Is reliance on corporate-sourced work a real risk, or just how these practices function?

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I’m a tech transactions partner at one of the flagship SV firms. I do about 80% commercial 20% deal support. I think you can have a successful long career doing just deal support if you’re happy doing it. If you want to go in house, you’ll need more commercial exposure. FWIW, despite doing a ton of commercial and standalone tech trans work, I also prefer deal support. A lot of tech attorneys act like deal support is second class work, but I actually find it’s often more interesting than negotiating the same clauses over and over with braindead in-house lawyers.

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Biotech partnering deals are very complex. They involve a biotech startup exclusively licensing their IP to big pharma to bring a drug to market. For those companies, the partnering deal is almost like an M&A event. As a result, the fees are much higher than for software/tech licensing deals. Tech work is getting commoditized—biotech is still strategic and worthy of biglaw rates

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Essentially, I’m wondering if I’m limiting myself by leaning into deal support. I really don’t mind learning new businesses, tech stacks, and touching cyber/data privacy issues along the way. I’m just trying to sanity-check whether a few more years of deal-focused tech/IP work meaningfully translates in-house, or if it’s a quiet career risk people only recognize later.

Deal work will not be useful for in house

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I’m not sure about bigger companies with larger legal departments, but all the companies I’ve worked in only hire attorneys for M&A/BD work. And any non attorney legal roles would be either paralegal or contract specialists/admin.

What would you want to do in house? I’m currently not seeing much of a role in IP outside of being a patent agent.

Tech transactions is easily the best practice group to move into in house. Either you're talking about a different group or there's an issue that's specific to you.

Also - most companies are not serial acquirers so pure M&A roles are few and far between. Overall, a bizarre comment that leads me to think you are either a troll or a bot.

That’s how those positions work at most v20s. You need more commercial/counseling exposure if you want to be more valuable for other positions going pressed. V20 usually do more deal support. We are hiring in TTG, so feel free to message if you want more info.

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