BigLaw Clamors for Lawyers with Tech Transactions Expertise
Posted Oct 30, 2012 5:30 AM CDT
By Debra Cassens Weiss
Recruiters are seeing increased demand for technology transactions lawyers who have expertise in M&A and the ability to value patent assets.
Many national law firms that once shunned tech transaction work as too routine and too conflict-ridden are now clamoring for tech transaction partners, the Recorder reports. Among the firms that have snagged such lawyers are Shearman & Sterling; Sidley Austin; Sullivan & Cromwell; Wilmer Cutler Pickering Hale and Dorr; and Weil, Gotshal & Manges.
The lawyers are in big demand because patents have become more valuable as a strategic asset. “Companies looking for more ways to monetize their patent assets need lawyers to do it,” the story says, “whether they're selling patents, setting up joint licensing agreements or buying another company for its IP.”
The Recorder quotes Natasha Innocenti, a recruiter at Major, Lindsey & Africa. "The most profitable firms are all interested in tech transactions right now," Innocenti said. “It’s very hot.”