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Should an IP lawyer take shares of his clients in exchange for work?

Since you meet with start ups all the time. Instead of just providing your services for a fee, have you ever considered taking equity in the business in exchange for your advise to grow the business?

Was reading the star principle and thought that you could do that. Perry Marshall does that too.

Since you see start ups all the time, might be worth giving advise in exchange for equity in the business when you identify a star business.

Some patent attorneys do that, yes. But there are several problems that come with this. there is a built-in conflict of interest: what is good for the start-up can be bad for the firm, and vice versa, ... [read more]