After all, as tech-focused firms saw their corporate work plummet, they touted intellectual property as one of their strongest practices. But that hasn’t necessarily been the case at Skjerven Morrill MacPherson. With two rounds of layoffs — 11 associates in October and another 18 earlier this month — Skjerven shows that IP firms aren’t immune to hard times.
While several Silicon Valley firms have laid off associates, Skjerven is the only IP firm in the region to do so. Two factors have perhaps made Skjerven more vulnerable to the recession than other IP boutiques: its client base and the fact most of its business is based in one place — Silicon Valley.
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