Some law firms are almost doubling recruitment fees to meet the growing demand for intellectual property specialists, particularly in the technology sector, said T.J. Duane, a principal at legal recruitment firm Lateral Link. “There is a boom in IP with many openings in what is usually a niche practice,” Duane said in a telephone interview. There are more than 230 open positions for patent lawyers among the more than 1,400 nationwide for all attorneys, with the majority in the San Francisco Bay area, home to Silicon Valley, Duane said. About 60 posts have been open since July. Another 25 were added last month, he said. “The quantity of qualified attorneys who can perform this work is limited,” Duane said.
September 18, 2008 -- Bloomberg discusses Lateral Link's survey results in light of the Lehman Brothers collapse.