Intellectual Property Rights is emerging as one of the promising career option in law profession. While law professionals have different purview to this field, Careers360 brings you yet another IPR professional input to this.
In this special interview series, Rajiv Maheshwari, CEO, Anand and Anand share his views on the emerging scenario, challenges and scope of the profession. Rajiv Maheshwari has moved from management consulting and corporate roles to the exciting world of IPR. He is currently professionally managing India’s leading IPR firm, Anand and Anand. He shares his tips to become a successful IPR professional.Read below Interview Excerpt -
Careers360: What is the current scenario of choosing IPR as a career? How the scenario has changed over a decade?
Rajiv Maheshwari: The economic core of the world has moved in the last century from agriculture to manufacturing to service and finally to the knowledge economy. The field of Intellectual Property Right (IPR) is the key fulcrum of this knowledge economy and certainly one of the most critical professional segments today. The prospects in IPR are only expected to improve as an increasingly higher proportion of the wealth of nations will be concentrated in intangibles.
Careers360: What key qualities one should possess for becoming an IPR professional?
Rajiv Maheshwari: The field of IPR is intrinsically linked with innovation, creativity and change. Consequently, an IPR professional must have a predilection for innovation and creativity, irrespective of the IPR segment one is dealing with.
Various aspects of IPR traverse almost all industry segments and functional areas, each one of which need different skills and offer huge potential for specialization.
Careers360: What challenges an IPR professional encounter? What is the earning potential?
Rajiv Maheshwari: We are living in VUCA times of volatility, uncertainty, complexity and ambiguity. Product life cycles and spans of competitive advantage have reduced like never before.
Since underlying IPR trends are shaping and also getting shaped by this VUCA world, an IPR professional needs to be nimble and agile to stay one step ahead in the learning curve. The IPR professionals who continuously build expertise and remain relevant in this dynamic world have great earning potential.
Sky is the limit for those IPR professionals who spot trends and accordingly shape the IPR landscape.
Careers360: What are the other related fields where an IPR practitioner can find himself apart from joining law firms and corporate houses?
Rajiv Maheshwari: The inherent creative streak in an IPR professional renders them suitable for non-traditional opportunities. They typically find themselves at the cutting edge of fundamental changes that shape the world around us. Consequently, IPR professionals are increasingly in demand outside the traditional Legal Departments in corporate houses.
Careers360: What would you like to advise the aspirants who are seeking a break in this field? Please share your golden tips for them.
Rajiv Maheshwari: I urge aspirants to pursue the 4 Golden P’s elucidated below to achieve the 4 P’s of Career Planning (Package, Position, Power and Path):
Passion - Follow your passion! It is not possible to consistently keep re-inventing yourself (as this profession will require you to do), unless you have a passion and love for IP.
Perspective – This advice cuts across all areas and is especially relevant for the millennials. Pursue short term goals but don’t take your eyes off the bigger picture. Don’t miss the woods for the trees and always look at the big picture.
Persistence – The legal profession (as also many knowledge based professions) have a very steep learning curve in the initial years and huge rewards typically come only after few years of hard work. Persistence is the key and the initial focus must be on learning and building skills, capabilities and expertise. The rewards will follow you (not the other way round) and 4 decades of working life is a lot of time to reap the rewards!
Purpose – Last but not the least, if you connect to a larger purpose (beyond merely doing a job), you are bound to shine!
Stay tuned to law.careers360.com for more news and feature articles on Intellectual Property Rights
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