Intellectual property firm Fish & Richardson will jettison close to 40 additional lawyers this year by shutting its Austin, Texas, office and cutting corporate transactional lawyers firmwide even as it collects more lucrative patent litigation work than its peers.

By the end of the year, Fish & Richardson expects to close the Austin office, which lists 26 lawyers on the firm’s Web site. The firm also said it plans to bid goodbye to most of its 14 corporate attorneys, except for a “small number” of Northeast lawyers whose practices leverage the firm’s intellectual property expertise and strength.

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