The demand for intellectual property (IP) legal work continues to be strong despite ongoing challenges within the field. However, the considerable pressures on billing rates have led some attorneys to transition away from large law firms. A notable recent example includes two attorneys who departed from Willkie to join the IP boutique firm Gemini Law. According to one of the attorneys, their hourly rate at Willkie reached $2,400, a fee that proved challenging to justify and market specifically to IP clients. For more details on this development, you can read the full account on The American Lawyer.