Why You Should Consider an MLS in Intellectual Property
If the goals you set out to achieve in your career now seem to be getting away from you, perhaps it is time to do something about it. A Master of Legal Studies in intellectual property could open doors to opportunities at your current job, or it could take you down a new and exciting career path.
Careers working with intellectual property are not limited to attorneys and paralegals representing clients with issues related to copyrights, trademarks, and patents. The business world needs individuals with knowledge of intellectual property to step into careers with companies specializing in patent and IP brokerage, IP and patent funding, and IP auctions.
An MLS in intellectual property enhances your knowledge
Paralegals and attorneys working in law firms or in the general counsel offices of corporations find that an advanced degree focusing on intellectual property gives them additional knowledge to use in defending their clients’ intellectual property rights or when negotiating to license of those rights.
According to Britten Sessions, associate dean of intellectual property at Lincoln Law School of San Jose and founder of its intellectual property clinic, “The legal community generally pays a premium for those with intellectual property expertise. They understand how intellectual property adds value to a company and provides new licensing streams that can elevate intellectual property from fancy and expensive wallpaper in a corporate suite to a pragmatic and viable revenue stream for a company.”
It is not, however, only attorneys and paralegals whose careers benefit from an MLS in intellectual property. You can benefit from an MLS in intellectual property even if you do not have a law degree or a background in the law. The knowledge and skills developed through the pursuit of an MLS can be of use for the following individuals:
- Individuals with a desire to enter business careers with a primary focus on intellectual property.
- Individuals desiring careers related to the business side of intellectual property, such as patent brokerage, patent and IP funding, and IP auctions.
- Individuals currently working for companies focusing on the business side of IP who wish to advance their careers by moving into management positions.
If you possess a bachelor’s degree in finance or business and wish to work in the IP field, the usual career path was to find a position with a company that would afford you the hands-on training in IP that your degree did not provide. An MLS in intellectual property gives you the knowledge, skills, and expertise in a highly specialized field to make your resume stand out from the other job seekers.
Careers for someone with an MLS in intellectual property
Possible careers for anyone with an MLS in intellectual property include:
- Patent practitioner: A lawyer admitted to practice law in any state may take the examination given by the United States Patent and Trademark Office for admission to the patent bar to represent clients in patent and trademark matters pending at the agency.
- Patent agents: Unlike a patent practitioner who must be an attorney, a patent agent is a non-lawyer who can take an examination given by the United States Patent and Trademark Office to be authorized to represent clients at the agency.
- Intellectual property specialist: An IP specialist work with companies to handle issues related to laws pertaining to trademarks, patents, and copyrights. They help resolve issues, such as may arise with infringement, acquisition, or licensing of IP rights. Specialists may be employed to work within a company or as a member of the intellectual property team at a law firm.
- Brokers: Patent and IP brokers bring buyers and sellers of IP together by facilitating the process to finalize a transaction.
- IP funding: Financing the licensing and sales of IP, raising money by collateralizing IP, and other methods for financial aspects of IP require the employment of people possessing in-depth knowledge of IP.
- Auctions: Companies specializing in IP auctions created a new method for bringing together the owners of IP who wish to sell their assets with potential buyers.
The specialized education you receive in the pursuit of an MLS in intellectual property distinguishes you from other applicants for positions with companies in the private sector as well as with law firms.
The internet has put intellectual property rights at risk. Social media platforms make it easy for the average person to share content with a large audience, but much of the content shared may violate the IP rights of the owner of actual owners of the content. Industries need people with the knowledge of IP law you will gain by pursuing an MLS in intellectual property.
Replace your ordinary job with a career
The thought of adding something to your resume that will impress employers may appeal to you, but you may be concerned about how going back to school will affect your current employment and family responsibilities. There is a way to get an MLS in intellectual property from Lincoln Law School of San Jose with their two-year online program.
Some of the courses you will be offered include:
- Patent claim drafting
- Patent prosecution skills
- Data privacy and security
- Comparative patent law of China and the U.S.
- Patent bar preparation
Other courses covering all areas of the law are also included in the curriculum to prepare graduates for careers at top corporations and law firms throughout the country. Classes start soon, call student services at 408.977.7227, or email [email protected] to learn more about the Online Master of Law in intellectual studies from Lincoln Law School of San Jose.