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The differences between patent attorneys 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 a patent attorney and a bankruptcy specialist. Additionally, a patent attorney has an average salary of $86,919, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a patent attorney include electrical engineering, USPTO and law firm. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Patent Attorney | Bankruptcy Specialist | |
| Yearly salary | $86,919 | $35,498 |
| Hourly rate | $41.79 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 7,889 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
A patent attorney is an intellectual property expert whose responsibilities revolve around assisting and representing clients on patent application procedures. A patent attorney must meet with clients to identify their needs, provide advice when it comes to trademarks and trade secrets, discuss and interpret complex subjects such as regulations and laws, and secure rights and properties. Furthermore, as a patent attorney, it is essential to review and negotiate contracts and proposals to avoid disputes in the future.
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.
Patent attorneys and bankruptcy specialists have different pay scales, as shown below.
| Patent Attorney | Bankruptcy Specialist | |
| Average salary | $86,919 | $35,498 |
| Salary range | Between $49,000 And $152,000 | Between $27,000 And $46,000 |
| Highest paying City | Boston, MA | Norfolk, VA |
| Highest paying state | Massachusetts | California |
| Best paying company | Goodwin | The PNC Financial Services Group |
| Best paying industry | Professional | Finance |
There are a few differences between a patent attorney and a bankruptcy specialist in terms of educational background:
| Patent Attorney | Bankruptcy Specialist | |
| Most common degree | Bachelor's Degree, 45% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between patent attorneys' and bankruptcy specialists' demographics:
| Patent Attorney | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 79.3% Female, 20.7% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.3% 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% |