Intellectual Property (IP) Paralegal Salary
Intellectual Property Paralegals in the United States take home an average $62K annually. Cash earnings for Intellectual Property Paralegals — which occasionally include more than $5K from bonuses and more than $4K from profit sharing — stretch from around $42K to approximately $89K. Location is the biggest factor affecting pay for this group, followed by years of experience. Most Intellectual Property Paralegals like their work and job satisfaction is high. Intellectual Property Paralegals who responded to the questionnaire are largely women, dominating at 86 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.
Job Description for Intellectual Property (IP) Paralegal
With the increasing presence of digital media and new forms of technology, the issue of intellectual property rights continues to grow more multifaceted. For example, technology makes it more difficult for rightsholders to control the distribution of intellectual property and collect compensation. The intellectual property (IP) paralegal assists rightsholders in legally protecting their property through safeguards such as patents and trademarks, as well as in pursuing litigation against those who would infringe those rights. The intellectual property paralegal may represent individuals, private organizations, or government agencies.Read More...
The IP paralegal is involved in every step of the process of IP rights protection, typically working under the supervision of an attorney or attorneys.
They typically work in an office environment, communicating with clients and supervisors to address IP-related issues; this typically involves significant research into government databases to ensure that patents and trademarks are not already claimed. The paralegal must understand how this system works and possess strong attention to detailto make sure that there are no loopholes or other elements which may endanger the client's property rights. The paralegal should have a thorough understanding of the intellectual property, as well.
To become an IP paralegal, the prospective applicant should possess a bachelor's degree in paralegal studies or a related field. Paralegal certification may be required by some employers or clients. Many begin as law office interns to gain necessary experience.
Intellectual Property (IP) Paralegal Tasks
- Maintain docketing entries and provide administrative support.
- Organize and manage the database and support direct filing of patents.
- Manage auditing patent files, and prepare patent status summary reports.
- Prepare and review standard agreements, and copyedit other documents as necessary.
Intellectual Property (IP) Paralegal Job Listings
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Popular Skills for Intellectual Property (IP) Paralegal
Survey results show that Intellectual Property Paralegals use a fair number of skills. Most notably, skills in Litigation Case Management, Legal Research, Prosecution, and Intellectual Property are correlated to pay that is above average, with boosts between 4 percent and 8 percent. Skills that pay less than market rate include Legal Document Review, docketing, and Document Preparation. Most people experienced in Intellectual Property also know docketing and Complex Litigation Case Management.
Pay by Experience Level for Intellectual Property (IP) Paralegal
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Intellectual Property Paralegals with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average beginner in this position makes around $53K, but folks who have been around for five to 10 years see a markedly higher median salary of $65K. For Intellectual Property Paralegals, 10 to 20 years of experience on the job amounts to an average salary of $74K. Intellectual Property Paralegals who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $78K.
Pay Difference by Location
For Intellectual Property Paralegals, busy San Diego offers a higher-than-average pay rate, 33 percent above the national average. Intellectual Property Paralegals can also look forward to large paychecks in cities like Boston (+27 percent), Washington (+22 percent), San Francisco (+20 percent), and New York (+17 percent). In Minneapolis, salaries are 17 percent below the national average and represent the lowest-paying market. Workers in Houston and St. Paul earn salaries that trail the national average for those in this profession (10 percent less and 6 percent less, respectively).