Launching a drug development company with novel technology from academia
Our corporate group has worked with hundreds of entrepreneurs at this stage to help them optimally and efficiently select and form the appropriate legal entity
Training of graduating law students and early career lawyers is very structured, deliberate, and supportive of different learning styles. We take time to cover the firm’s IT systems and tools, operational processes, and forms and knowledge resources. We use a mix of past projects and live projects (and relax billable hour targets), to help make sure learning can take priority and not be short-changed by client urgency.
We deploy a team of trainers and project supervisors, and a range of potential mentors who serve as a source of support outside of an employee’s relationship with their manager. Mentors are assigned on an individualized basis, taking into account a Mentee’s professional and personal workplace goals.
Types of Mentors at Faber Include:
We compete for talent with the few “big firms” that have sophisticated transactional practices in the life sciences. We determine title, regular billing rate, annual salary, and target bonus for our lawyers based on the relevant skills and experience of each employee. We also provide additional bonus opportunities based on allocations of business origination and retention credit (and, in 2021, 100% of our lawyers with at least 2 years tenure at the firm qualified for additional bonus through this program). Comprehensively, we believe we provide our lawyers a pay/benefits opportunity that, when adjusted for actual billable hours, is higher than at competitor “big firms.”
We provide our employees very competitive salary and bonus compensation, exceptional benefits, strong mentoring and professional development support, and work-life balance.
We understand the value of flexible working arrangements such as reduced hours schedules, flex-time, compressed workweek schedules, and an annual billable hours target (1600 for full-time lawyers and 1440 for full-time contracts specialists) that is lower than “big firm” billable hours minimum requirements. We work with our employees to find mutually beneficial solutions to work balance needs, including part-time and flexible schedules.
Faber has instituted a mentorship program with the goals of ensuring a smooth transition for new hires, supporting our employees in developing professional skills and leadership, and enabling the transfer of knowledge throughout the firm. Mentors serve as a source of support outside of an employee’s relationship with their Manager and are assigned on an individualized basis, taking into account a Mentee’s professional and personal workplace goals. Mentors include Subject Matter Mentors, who provide expertise in certain areas, Peer Mentors, who are of similar seniority and work to share knowledge and cultivate each other’s strength, and "Soft Skills" Mentors, who help develop a mentee's skills in areas like conflict resolution, team-work, and time management.
We provide our employees very competitive salary and bonus compensation, exceptional benefits, strong mentoring and professional development support, and work-life balance. Some of those benefits include:
To communicate your interest in joining the firm, please send us an email.