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   Career Change from EE to Patent Lawyer?
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   Author  Topic: Career Change from EE to Patent Lawyer?  (Read 62985 times)
byte
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Posts: 23
Re: Career Change from EE to Patent Lawyer?
« Reply #20 on: Apr 24th, 2006, 3:43pm »
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on Apr 24th, 2006, 7:33am, andrewdd wrote:
An EE with 5-7 years of experience can bill at $250-$350 in most markets.

 
As an engineer, I have serious doubts about the accuracy of this billing rate range for only 5-7 years of experience.
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KMN
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Re: Career Change from EE to Patent Lawyer?
« Reply #21 on: May 11th, 2006, 10:14am »
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on Apr 24th, 2006, 3:43pm, byte wrote:

 
As an engineer, I have serious doubts about the accuracy of this billing rate range for only 5-7 years of experience.

 
So do I! I would like to know what market these people are working in that they manage $130k + w/ an engineering degree alone. I have a BSME and an MBA and I only earn about $75k. I've not seen nor heard of any opportunities with higher compensation. (I'm in a large city in the Midwest).
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Isaac
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Posts: 3472
Re: Career Change from EE to Patent Lawyer?
« Reply #22 on: May 11th, 2006, 11:43am »
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I earned significantly more than 75k as an BSEE in a medium sized market in the southeast.   I would like to think my boss's check at least approached 130k, but I never asked him what he made.
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Isaac
PatGuy
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Re: Career Change from EE to Patent Lawyer?
« Reply #23 on: May 11th, 2006, 12:32pm »
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Its just that American corporations love to pay for lawyers.  I do know lawyers who bill $700/hour.  At least in US, an ideat lawyer can make much more money than a smart engineer or scientist.  
 
Lawyers ask money and corporations pay!! Lawyers pass their risk to corporations.  Corporations pass the risk to shareholders.  Ultimate losers are shareholders!!
Who are these shareholders? Middle-class americans (including engineers) who work hard and pay for their 401K. Can you understand how this cycle works?  
 
If you are an engineer, there is some level of job security! Getting a job is much easier than other professions.  There is no big downside.  However, in legal world, getting a job is hard and keeping that job is harder.  
 
As a patent attorney, you can keep your engineering background for downside (insurance!) and law backgound for upside (greed!).  After all, we all want to make money and live happy!  
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Guest
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Re: Career Change from EE to Patent Lawyer?
« Reply #24 on: May 11th, 2006, 1:26pm »
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on May 11th, 2006, 11:43am, Isaac wrote:
I earned significantly more than 75k as an BSEE in a medium sized market in the southeast.   I would like to think my boss's check at least approached 130k, but I never asked him what he made.

 
75k is certainly reasonable, but my issue with engineering is the cap on salaries past ~$120k (neglecting management).  Also, in relation to andrewdd's estimated billing rate of $250-$300/hr, from my own knowledge, good senior engineers don't usually bill more than $100/hr or so.  I think the salary cap is caused at least in part by more junior engineers being able to do the work at a cost and speed which does not justify paying senior engineers more than a certain amount for an equivalent product.
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