Intellectual Property (IP) Paralegal Salary
Median pay for Intellectual Property Paralegals in the United States lies in the neighborhood of $62K annually. Final cash compensation to Intellectual Property Paralegals varies from around $42K to approximately $90K; choice pay grades include potential for bonuses and profit sharing as high as $6K and $7K, respectively. Location is the biggest factor affecting pay for this group, followed by career length. Among survey respondents, women are more common than men; 86 percent of Intellectual Property Paralegals are female. Most Intellectual Property Paralegals report high levels of job satisfaction. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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
- Manage auditing patent files, and prepare patent status summary reports.
- Prepare and review standard agreements, and copyedit other documents as necessary.
- Maintain docketing entries and provide administrative support.
- Organize and manage the database and support direct filing of patents.
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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, Prosecution, Legal Research, and Intellectual Property are correlated to pay that is above average, with boosts between 3 percent and 7 percent. Skills that seem to negatively impact pay include Document Preparation, Legal Document Review, and Complex Litigation Case Management. For most people, competency in Intellectual Property indicates knowledge of 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 who reported more years of relevant experience also reported higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $52K, but folks who have racked up five to 10 years see a notably higher median of $65K. The average pay reported by folks with 10 to 20 years of experience is around $75K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $79K.
Pay Difference by Location
For Intellectual Property Paralegals, San Diego provides a pay rate that is 34 percent greater than the national average. Intellectual Property Paralegals can also look forward to large paychecks in cities like San Francisco (+27 percent), Boston (+25 percent), Washington (+22 percent), and New York (+18 percent). In Minneapolis, salaries are 17 percent below the national average and represent the lowest-paying market. Not at the bottom but still paying below the median are employers in Houston and Irvine (11 percent lower and 10 percent lower, respectively).
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