Biglaw, Intellectual Property, Money, Skaddenfreude

Nationwide Pay Raise Watch: IP Firms

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As law firms around the country raise associate starting salaries to $160,000, some people are wondering: What about intellectual property shops?
We don’t think there’s much to this story. It’s our understanding that most top IP firms are already at $160K (and have been there for quite some time). As everyone knows, IP is hot these days.
But it appears that some IP firms are just arriving at the party (even if the biggies have been there for a while). For example:

McDonnell Boehnen Hulbert & Berghoff LLP, an IP boutique in Chicago, raised starting salaries to $160k effective September 1. See here.

As far as I know, it is the first Chicago IP firm to raise to 160k.

Feel free to discuss associate compensation at IP firms in the comments. Thanks.

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