Developing a relationship with an
executive search firm
Establishing a relationship with an executive recruiter is an important and
beneficial step in developing your career objectives. Some recruiter calls may
be of interest to you and others may not. In any event always try to
communicate exactly what your career objectives are and what parameters and
limitations they include. A candidate must be forthright and communicate
honestly that which is most important to him/her. View these calls as an
opportunity to network and not as a waste of time or an annoyance. We encourage
you to always take the call or return the call. Even if you are not interested,
try to recommend potential candidates that meet the recruiter’s criteria for
the position. Be helpful. We suggest taking charge of establishing this
relationship and of encouraging a free exchange of information. It is to your
benefit to be helpful and responsive for several reasons.
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Establishing a Market Value
: We are aware of what your peers are often making, and we may be able to
provide you with valuable information that can assist in keeping abreast of the
marketplace. Use our resources to help you establish a competitive benchmark
within your industry.
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Trends in the Industry
: We are in the middle of the intellectual property community. We are most
aware of trends, whether it is more start-up corporate opportunities or a trend
toward general practice firms acquiring smaller intellectual property
boutiques. We are the first to recognize trends in downsizing and mergers. Just
ask us; most likely, we will know.
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Career Planning and Setting Objectives: We are often asked in what
direction one should take one’s career as a second year attorney. The fact is
that, at any stage in your career, we can be a valuable resource to help you
plan your next move. We can often offer refreshing ideas on how to continue
your career growth and expand your knowledge as an intellectual property
attorney. We can assist you in strategizing your career in order to make you
more valuable among your peers as your career continues to grow.
Our primary objective is to encourage you to interact frequently with us so we
can build a relationship that will ultimately benefit you in your next best
career move. We suggest taking proactive approaches to developing this
relationship even before you consider making your next career move. We also
encourage you to stay closely networked within your profession, consider being
affiliated with several associations, and to try to write articles and/or
publications.
One practice that can be damaging to a recruiter’s relationship and to an
attorney’s reputation is when the candidate just throws him or herself into a
search and uses several different recruiters. It is fine to use other
recruiters, but just don’t get your wires crossed. The attorney will look very
poor in a hiring authority’s eye if that hiring authority receives the
candidate’s resume from two different sources. This can imply a lack of
organization and a loss of credibility.
Career Decisions
There are so many career decisions. There are definitely many more career
opportunities then ever before. From general practice firms to intellectual
property boutiques to large, medium, and small start-up corporate situations.
Premier IP Staffing Consultants specializes in placing attorneys in all these
different environments and can assist you in making your next career move.
One ultimate goal all candidates should have in mind is to continue to learn
more, develop more, and expand their professional skills. This cannot be
emphasized enough. Most leading companies place a high value on candidates with
a broad range of experience. Premier IP Staffing Consultants, as well as our
clients, places a premium on stability; however, when a candidate has been at
the same corporation or firm for his/her entire career, there is a concern that
the candidate’s thinking and management style are not flexible or open to new
ideas.
When considering making a job change under any circumstances, we believe it is
always better to look for a new job while still employed. Typically, you will
be in a much better negotiating position and appear to be in more of a demand.
Finally, as a candidate you tend to have more confidence and be in a better
position to execute a long-term career decision.
Firm or Corporation
Many candidates seem to already know the differences between the two
environments, but often times they are not 100% correct. For example, there is
a common belief that companies pay less than firms do or that you work harder
in a firm than in a corporation. The truth of it all is, it depends upon what
firm or company you are talking about. We have represented several corporations
that have been more competitive than firms across the nation. Bottom line is
they both have their advantages and disadvantages.
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Large Corporations
: Large companies such as a Xerox or a Pfizer can be an excellent learning
ground. You will have a very good opportunity to grasp a solid management
process and a good corporate infrastructure. You will also have tremendous
resources such as training and support for continuing education. Job security
is often greater, and you will most likely always be rewarded with a
competitive salary and good corporate benefits. In some cases you may also
receive a very attractive stock option or stock grant program. The disadvantage
can be greater when you are competing with several attorneys for a job
promotion. You will be more limited in terms of financial rewards. However, if
you are continuing to learn, develop, and excel in your skills, you will become
more valuable within the market place.
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Small Corporations (Start-up Companies)
: If you are considering a start-up company, be sure to do your homework. This
could be an exciting career move with incredible financial rewards, but it will
certainly offer more risk. In terms of professional development, make sure you
will continue to be challenged. Be certain you will continue to learn and
develop skills that make you more valuable. Keep in mind when going into a
position such as this, smaller companies usually do not have the resources to
train. They are often on a limited budget; therefore, continuing education,
including seminars, may not be as actively supported. Evaluate the technology
and who the competitors are. Make sure you have the experience necessary to
handle this job. Many times candidates find themselves in more of an
administrative role and their career is not growing. The largest reward viewed
by most in the industry, is the significant stock option packages that can
sometimes be offered. Just remember, it is a risk and use your best judgement.
We have always found that attorneys are better educated on making this type of
career decision after they have had several years of experience.
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General Practice Firms
: The recent trend is that of general practice firms acquiring intellectual
property boutique firms. We found that if you want to remain valuable in a
private practice environment it is in your best interest to develop and
maintain your own portable book of business. General practice firms have many
benefits because they enable you to be a member of a full-service firm. You
have the option of referring work to other attorneys in other practice areas
and often times are recognized for bringing in that work to the firm. The other
advantage includes a chance to get a more diversified practice, such as
licensing and transactional work. The disadvantages of working for a general
practice firm include a possible failure to understand the needs and/or
dynamics of an intellectual property practice and therefore some general
practice firms lack the support an intellectual property practice needs. It is
more common to find attorneys working harder and receiving higher compensation
in large general practice firms.
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Intellectual Property Boutiques: This environment is the best
for some attorneys. The traditional intellectual property boutique firm. This
could be a terrific environment for one to learn a strong base understanding of
more traditional intellectual property work. Intellectual Property boutiques
tend to have more of a traditional patent and trademark prosecution and
intellectual property litigation practice. There are typically not more modern
areas of intellectual property such as licensing, transactional, joint
ventures, and strategic planning. In recent years however, we are seeing larger
intellectual property boutique firms getting more of this type of work, which
is generally found in a general practice firm. The advantages of an
intellectual property boutique often include a smaller work environment,
traditional intellectual property work, and sometimes a lessor billing hour
requirement. In larger intellectual property boutique firms, the compensation
remains very competitive. The boutique firms are also less subjective to large
general practice firm politics, and therefore, the intellectual property
attorneys who best understand the practice make all the firms’ decisions. The
disadvantages include a less diverse practice and limited areas to refer work.
Our professional recruiters will be happy to discuss these career choices with
you in greater detail so you have a better understanding of the advantages and
disadvantages of each. Contact
ustoday.