In the patent profession, you could earn over £45,000 before you’ve even finished your exams. Qualification increases your worth further, and can be used as a passport to international opportunities. Fellows and Associates use the data from their annual salary survey to highlight what you could be earning from trainee to Partner level.

Being a patent attorney can be a very rewarding career and the salary increases can be significant as you progress through the examinations. In UK private practices, salaries are by and large linked to qualification status up until the point you have qualified. Although in some instances there can be inconsistencies in starting salaries for different technical specialisms, depending on supply and demand.

Average earnings

Patent attorneys do not move positions very frequently and salaries tend to increase in bursts. The market rate for a newly qualified attorney is around £80,000 and up but as you can see from the table below, salaries for attorneys who stay within the same firm can lag behind what they may be able to achieve on the open market. However, ‘newly qualified’ is to some extent ambiguous as some firms give a significant increase to their attorneys when they qualify in both Europe and the UK, whereas others when they qualify in just one of the two jurisdictions.

Private practice vs. in-house

Typically, attorneys can earn more in-house than they can in private practice for the years following qualification up until Partner level. However, once attorneys reach Partner status within a private practice their earning potential, in general, far outstrips what can be achieved in industry.

Salary by region

Contrary to popular belief, salaries outside of London are broadly the same as those within London. Certainly, being a patent attorney in another part of the UK would put you at no career disadvantage whatsoever compared with those based in London. In some cases, you may find the experience gained is more well-rounded during training as more opportunities are opened up to you from an early stage, such as client contact, business development initiatives, and input on internal business decisions. Applying for positions in London is highly competitive and it does not always occur to applicants to consider regional offices. As a result, those looking to enter the profession can have a better chance of succeeding when applying to regional firms, or firms with regional offices.

*It is inevitable that one will achieve a higher salary when one moves firms, rather than receiving salary increases within a firm as the hiring company will seek to make the proposition of moving as attractive as possible.
** Partners, i.e. those who own a share of the firm could earn salaries/profit shares running into hundreds of thousands of pounds.

Benefits

In addition to the base salary, patent attorneys often earn bonuses and receive other financial benefits to complete their remuneration package.

Everyone now receives a pension by law but there are many other benefits available. The following are the most commonly received:

• Professional memberships paid for
• Flexible work location
• Private health/dental/eye care
• Training Courses paid for
• Exams paid for
• Death in Service Benefit/Life Insurance
• Flexible working hours

Being a patent attorney can be very financially rewarding and the chances of reaching the higher salaries are very good in comparison with other professional services sector positions. There is excellent job security and more often than not, there are more open positions than there are people to fill them (although getting into the profession in the first place as a new trainee remains very challenging).

The above data is derived from Fellows and Associates’ annual salary survey completed by those working in the profession and published in the summer of 2023. You can see the full survey on the Fellows and Associates website.