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The differences between intellectual property lawyers and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an intellectual property lawyer and a bankruptcy specialist. Additionally, an intellectual property lawyer has an average salary of $82,730, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for an intellectual property lawyer include litigation, legal advice and due diligence. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Intellectual Property Lawyer | Bankruptcy Specialist | |
| Yearly salary | $82,730 | $35,498 |
| Hourly rate | $39.77 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 9,801 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
An intellectual property (IP) lawyer is a licensed professional who is responsible for protecting a client's intellectual property as well as provide counseling about matters concerning intellectual property. Intellectual property lawyers are required to review or produce important documents and complete the analysis of highly technical materials. They prepare documents so that they can attain patents and trademarks for their client's intellectual property. Intellectual property lawyers are also required to defend businesses and individuals against the over-assertion of intellectual properties.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Intellectual property lawyers and bankruptcy specialists have different pay scales, as shown below.
| Intellectual Property Lawyer | Bankruptcy Specialist | |
| Average salary | $82,730 | $35,498 |
| Salary range | Between $40,000 And $168,000 | Between $27,000 And $46,000 |
| Highest paying City | Danvers, MA | Norfolk, VA |
| Highest paying state | Massachusetts | California |
| Best paying company | Seyfarth Shaw | The PNC Financial Services Group |
| Best paying industry | - | Finance |
There are a few differences between an intellectual property lawyer and a bankruptcy specialist in terms of educational background:
| Intellectual Property Lawyer | Bankruptcy Specialist | |
| Most common degree | Bachelor's Degree, 46% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between intellectual property lawyers' and bankruptcy specialists' demographics:
| Intellectual Property Lawyer | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.8% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |