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Becoming a Patent Agent/Lawyer
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   Author  Topic: Salary question  (Read 9814 times)
patento
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Posts: 132
Re: Salary question
« Reply #15 on: Jun 29th, 2005, 8:19pm »
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on Jun 29th, 2005, 8:15pm, melwrc wrote:
40% of bill rate is a very good number...but the big question is how they calculate your hours billed, and how much they will bill for your work.  You can really be hurting for hrs while you learn if they charge clients low prices for your work by writing off a bunch of your hrs w/o crediting you for the hrs.  
 
Another thing to ask about is whether 40% is inclusive of all your benefits.  If you are basically contract, then a lot of the 40% will get eaten up in taxes and health insurance.

 
thanks for the input. I will have another talk with them after I receive the offer. Fortunately, I still work in technology, so I am not desperate ....  
 
regardless, I think I will be taking a 40-50% pay cut (initially at least) by moving from my current job in technology to this new job.
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Curious job hunter
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Re: Salary question
« Reply #16 on: Jul 20th, 2005, 1:10pm »
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Patento - How did this finally work out?  Did you receive an offer and was the salary cut what you expected?  I will be in the same boat ie: new to patent prosecution and in the market for a entry-level position and I wondered what I should expect.
 
Any info you'd be willing to share would be appreciated.  
 
Thanks in advance.
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patento
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Posts: 132
Re: Salary question
« Reply #17 on: Jul 20th, 2005, 1:38pm »
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That deal did not work out because they wanted to pay 60K for one year and then 40% of billing rate. Now, this 40% is pretty good but first year at 60K (and no benefits) did not go well with me.  I am still in touch with them. Hopefully, something will work out.
 
I am going little slow because I need some time for bar exam preparation. Don't want to take any chance with the bar exam. I will have no problem taking 3 months off at my current tech job, but will be difficult to get out for 3 months right after joining a firm.  I am more interested in part time work right now. I am in talk with a small firm....  
 
on Jul 20th, 2005, 1:10pm, Curious job hunter wrote:
Patento - How did this finally work out?  Did you receive an offer and was the salary cut what you expected?  I will be in the same boat ie: new to patent prosecution and in the market for a entry-level position and I wondered what I should expect.
 
Any info you'd be willing to share would be appreciated.  
 
Thanks in advance.

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Curious job hunter
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Re: Salary question
« Reply #18 on: Jul 20th, 2005, 3:20pm »
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Sorry to hear things didnt work out the way you wanted.  I wonder if that is commonly the type of deal newbies with no experience are offered.  
 
Thanks for responding and good luck on the bar exam.
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patento
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Posts: 132
Re: Salary question
« Reply #19 on: Jul 20th, 2005, 7:46pm »
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for new agents, it is not easy to get a job. From what I have learned so far, I would recomend that try to hook up with a IP lawyer or small firm for whatever work they can give you (even if it pays 6.25/hr).  Experience is the king. There is lot of work out there for experienced agents.
 
Of course, it helps a lot if you are Ph.D. Even better if you went to a good school.
 
on Jul 20th, 2005, 3:20pm, Curious job hunter wrote:
Sorry to hear things didnt work out the way you wanted.  I wonder if that is commonly the type of deal newbies with no experience are offered.  
 
Thanks for responding and good luck on the bar exam.

« Last Edit: Jul 20th, 2005, 9:09pm by patento » IP Logged
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