In a piece in The Indiana Lawyer, Dave Stafford assessed the ongoing trend of big law firms growing to include more robust intellectual property practices. Faegre Baker Daniels partner Doug Yerkeson, who specializes in patent, trademark and copyright matters, attributed the continued growth to a steady surge in demand for intellectual property counsel.
“A lot of general-practice firms are building intellectual-property practices, usually by acquiring or merging with IP boutique firms,” Yerkeson said. “It’s a growing area, and I think over the last 25 years, intellectual property has become increasingly important for our clients and, quite honestly, I think there’s plenty of work to go around.”
Yerkeson also weighed in on the perceived difference between big law firms and boutique practices in handling intellectual property work.
“What I’ve seen in my practice has been quite often the IP groups in the large firms can operate almost as boutiques within a larger firm structure,” he said.