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Mid-Level Life Sciences R&D Transactional Associate Attorney (Remote/Hybrid, Multiple locations)

Company: Faber Daeufer & Itrato PC
Location: Raleigh
Posted on: June 25, 2022

Job Description:

Faber Daeufer & Itrato (www.faberlawgroup.com) is a dynamic, independent law firm providing sophisticated, customized, transactional counsel for life sciences clients in the US and globally. Since its founding in 2003, we have built a premier boutique practice working with over 2,000 companies, research institutions and investors. Our firm includes 26 lawyers and 10 contracts specialists and paralegals and has primary offices in Boston, New York and the San Francisco Bay area.Our firm is a growing and diverse team of professionals whose collective experience handling life science business transactions, in many cases leveraging prior in-house operational knowledge, is extraordinary in a law firm. We will maintain our established standards of excellence by hiring individuals with the highest professional capabilities and potential, a dedication to client service and an enthusiasm for contributing to our unique culture.We have an extensive practice devoted to counseling our clients on:

  • IP licenses and R&D collaborations between biotech and pharmaceutical companies covering therapeutic product candidates and/or discovery platforms
  • IP license, sponsored research and collaboration agreements with academic research institutions
  • clinical-stage and commercial-stage CMC and supply chain agreements for therapeutic products
  • clinical collaborations, CRO agreements and clinical trial site agreements
  • company launch, venture financing, research foundation financing, royalty financing, and M&A transactionsWe also have an extensive practice devoted to counseling our clients on ordinary course transactions supporting drug discovery and development activities, including consulting agreements, services agreements (non-clinical or clinical), material transfer agreements, evaluation agreements, sponsored research agreements, academic consulting agreements, in-licensing of compounds, processes and platform technologies, clinical collaborations, clinical trial site agreements, and CMC and supply chain contracts. We are seeking experienced Associate candidates to join this practice.QualificationsEducation: JD degree required, and admission to practice (or eligible to seek admission to practice) in Massachusetts, New York or California (and, if applicable for hybrid remote work models, in the state of residence).Experience And Substantive Background: At least 3 years of experience working in a transactional practice at a private law firm and/or company law department (in either case with strong training/supervision and support), primarily concentrated in the practice area identified above, is preferred. Familiarity with biology and chemistry principles relevant to pharmaceutical design and function, with types of commercial exclusivity for pharmaceutical products (IP and regulatory), and with the regulatory framework for therapeutic development and approval for commercial sale, is preferred. Understanding of intellectual property licensing practices and biotechnology business development practices is preferred. While we expect to consider candidates with 0-3 years (FTE) relevant experience, we particularly welcome candidates with more relevant experience.Essential Capabilities: Candidates should be effective in helping clients identify strategic goals, prioritize key issues, and find and document pragmatic solutions to these issues for a wide range of clients and transactions. Sophisticated communication skills and the comfort and confidence to interact directly with clinical, R&D and senior management at biotech and pharmaceutical companies, CROs, academic institutions, and research hospitals are crucial.The ability to prioritize and manage multiple tight deadlines in a frequently high-paced environment is necessary to achieve the productivity demanded by our service model.We strongly value the ability to effectively teach, supervise, manage and mentor junior lawyers and contracts specialists, and to work collaboratively with colleagues to share expertise, experience and perspectives.Technical Skills: Excellent legal drafting ability is critical and must be accompanied by strong word processing skills. Facility with common technology tools is expected, including Microsoft Office, PDF document usage, document comparison software, document management systems, and teleconference and videoconference tools.Hybrid Work Opportunity and Training/Mentoring ProgramOur offices are currently closed because of the pandemic. When we re-open our offices for work, we can offer the hired individuals a regular, hybrid work schedule that would allow them to split their time between a firm office and their home office. We have a strong in-house IT team and provide equipment, furniture, smartphone and internet service, and/or other reasonable accommodations needed to be fully-functional from home.We will consider candidates who are unable to work regularly from one of our offices. But, we prefer candidates who are proximate to our primary offices in Boston, New York or the San Francisco Bay area, because we expect our senior lawyers to participate significantly in our extraordinary supervision, training and mentoring program for junior lawyers and contracts specialists. We believe those activities, together with maintaining and strengthening the firm's culture and interpersonal relationships, benefit significantly from periodic, but regular, in-person presence.Compensation/Benefits/AdvancementFaber was founded by senior lawyers and contracts specialists who sought an independent professional working environment, and a business model that optimized four key elements - financial reward, professional time commitment, working environment and culture, and intellectual challenge.We provide our employees very competitive salary and bonus compensation, exceptional benefits, strong mentoring and professional development support, and work-life balance (reflected in our annual target (not minimum) for non-principal lawyers of 1,600 billable hours). We will consider candidates who seek a part-time commitment.We determine title, regular billing rate, and annual salary and target bonus based on the relevant skills and experience of the individual. Generally, our associates are paid a FTE annual salary rate of $150,000-210,000 with an annual target bonus of 10%, our counsel (senior associates) are paid a FTE annual salary rate of $220,000-270,000 with an annual target bonus of 14%, and our senior counsel and of counsel (lawyers with mature skills and experience) are paid a FTE annual salary rate of $270,000-310,000 with an annual target bonus of 18%. (We do employ US-licensed lawyers who live outside the US. Salary ranges for these lawyers are generally aligned but do vary based on the firm's strategies for managing exchange rate risk.) All lawyers are eligible to receive allocation of business origination and retention credit (BORC) for clients where the lawyer has a substantial role in originating and/or strengthening the firm's professional relationship with the client (in collaboration with colleagues in the firm). This BORC allocation provides an additional annual bonus opportunity, subject to the firm's determination of other performance measures.We have a strong commitment to provide opportunities for learning and advancement, including carefully constructed career ladders and on-going personalized professional development planning. We provide long-term careers for lawyers who want to focus on providing professional service to clients and do not have timelines for promotion/departure. We also believe that each lawyer has the opportunity to become a principal of the firm if they want to develop practice management, teaching, and leadership skills in addition to achieving the highest levels of proficiency in providing professional service to clients - since our inception more lawyers have become principals of the firm through promotion than through direct lateral hiring.Our benefits program is exceptional, and (for US-resident employees) includes:
    • PPO Medical and Dental Insurance Plans (In-Network and Out-of-Network coverage), with our firm covering 100% of family insurance premiums and deductibles for full-time employees
    • 401(k) and Profit Sharing Plan, with our firm contributing 3% (up to legal limit), and in past years contributing an additional 2% profit sharing
    • Parental Family Leave up to 12 weeks, with all 12 weeks paid
    • Life Insurance and Long-Term Disability Insurance, with our firm covering 100% of premiums
    • a generous employee referral bonus program
    • Black Civil Rights Employee Education Experience, with our firm covering costs for employees to travel with their families to visit the EJI Legacy Museum and the National Memorial for Peace and Justice in Montgomery, ALEqual Opportunity Employer Pursuing Equity, Diversity and InclusionWe are an equal opportunity employer, and do not discriminate against any candidate or employee on the basis of race, national origin, sex, marital status, sexual orientation, age, disability, religion or veteran status. We are committed to increasing participation by minorities and women in the legal profession and expanding the opportunities for minorities and women within the profession. We are proactive in recruiting minority and women lawyers, contracts specialists, paralegals and staff and strongly encourages the interest of these candidates in our firm.We believe that we are better able to provide judgment and counsel to our clients based on the diverse experiences and perspectives of our team; we believe that we are better able to provide employees opportunities for professional growth based on our deep commitment to creating and maintaining a work environment that is welcoming, inclusive and intellectually stimulating; and we are an enthusiastic participant in community life through social engagement, philanthropy, and pro bono legal service.

Keywords: Faber Daeufer & Itrato PC, Raleigh , Mid-Level Life Sciences R&D Transactional Associate Attorney (Remote/Hybrid, Multiple locations), Legal , Raleigh, North Carolina

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