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Efficiency presentation2010
 

Efficiency presentation2010

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    Efficiency presentation2010 Efficiency presentation2010 Presentation Transcript

    • Page 2 of 13 TYPICAL APPLICATION PREPARATION COST One attorney billing at $300 per hour to complete one (1) application in, on average, 40 hours. 8 Hours 30 Hours 2 Hours 40 Hours Read disclosure Prepare drawings Finalize 1 Application and draft claims and draft body $2,400 $9,000 $600 $12,000
    • Page 3 of 13 TR Patents, LLC APPLICATION PREPARATION COST One attorney billing a $4000 fixed-fee and three (3) technical advisers billing a $1000 fixed-fee (each) to complete three (3) applications in, on average, 40 hours. 8 Hours 28 Hours 4 Hours 40 Hours Read disclosure Prepare drawings Review, enhance 3 Applications and draft claims and draft body and finalize $4,000 $1,000 $5,000 (EACH) (EACH) (EACH)
    • Page 4 of 13 TYPICAL ESTIMATED ANNUAL PRODUCTION One attorney billing at $300 per hour to complete one (1) application in, on average, 40 hours. 7 Hours/Day1 x 5 Days/Week x 46 Weeks/Year2 = 1610 Hours 40.25 Applications 1 8 hour work day with one (1) hour devoted to non-billing/administrative activities. 2 52 Week calendar year minus (two weeks federal holidays + two weeks annual leave + two weeks sick leave).
    • Page 5 of 13 TR Patents, LLC ESTIMATED ANNUAL PRODUCTION One attorney billing a $4000 fixed-fee and three (3) technical advisers billing a $1000 fixed-fee (each) to complete three (3) applications in, on average, 40 hours. 6 Hours/Day3 x 5 Days/Week x 44 Weeks/Year4 = 5280 Hours [6 + (3)(6)] [5 + (3)(5)] [44 + (3)(44)] 110 Applications5 3 8 hour work day with two (2) hours devoted to non-billing/administrative/training activities. 4 52 Week calendar year minus (two weeks federal holidays + four weeks annual leave + two weeks sick leave). 5 Limited by attorney time of 1320 annual hours divided by 12 hours per application.
    • Page 6 of 13 FIRM A APPLICATION PREPARATION COST One attorney billing at $400 per hour and three (3) first-year associates billing at $208 per hour to complete three (3) applications in, on average, 40 hours. 8 Hours 28 Hours 4 Hours 40 Hours Read disclosure Prepare drawings Review, enhance 3 Applications and draft claims and draft body and finalize $3,200 $5,824 $1600 $10,624 (EACH) (EACH) (EACH) (EACH)
    • Page 7 of 13 FIRM B APPLICATION PREPARATION COST One attorney billing at $400 per hour and three (3) first-year associates billing at $208 per hour to complete three (3) applications in, on average, 40 hours. 1 Hour 35 Hours 4 Hours 40 Hours Read disclosure Draft claims, figures Review, enhance 3 Applications and body and finalize $400 $7,280 $1,600 $9,280 (EACH) (EACH) (EACH) (EACH)
    • Page 8 of 13 FIRM C APPLICATION PREPARATION COST One attorney billing at $400 per hour and three (3) third-year associates billing at $240 per hour to complete three (3) applications in, on average, 40 hours. 1 Hour 37 Hours 2 Hours 40 Hours Read disclosure Draft claims, figures Review, enhance 3 Applications and body and finalize $400 $8,880 $800 $10,080 (EACH) (EACH) (EACH) (EACH)
    • Page 9 of 13 FIRM D APPLICATION PREPARATION COST One attorney billing at $400 per hour and three (3) first-year, major-city* associates billing at $266 per hour to complete three (3) applications in, on average, 40 hours. 1 Hour 35 Hours 4 Hours 43 Hours Read disclosure Draft claims, figures Review, enhance 3 Applications and body and finalize $400 $9,310 $1,600 $11,310 (EACH) (EACH) (EACH) (EACH) *Major-cities include New York, D.C., Chicago, Boston, San Francisco, etc. First-year salaries are $160k.
    • Page 10 of 13 TYPICAL ASSOCIATE BILLING RATE 350 300 250 200 150 Hourly Rate 100 50 0 1st 3rd 5th 7th Year Year Year Year Typical 1st year associate salary based on 2000 billable hours is $125K in major cities. If typical 1st year associate collects approximately 30% of billings, then typical 1st year associate’s billing rate is $210/hr. Typical pay raise for associate is $10k per year, which translates into $16/hr per year.
    • Page 11 of 13 COST PER APPLICATION 12000 10000 TR Patents, L.L.C. 8000 Firm A 6000 Firm B Firm C 4000 Firm D 2000 Typical Attorney 0 Typical Application Cost
    • Page 12 of 13 Percent Savings in Application Preparation via TR Patents, L.L.C. 60 less than Firm A 50 less than Firm B 40 less than Firm C 30 20 less than Firm D 10 less than Typical Attorney 0
    • Page 13 of 13 Invested Application Preparation Hours for $5000 Application 40 35 30 TR Patents, L.L.C. 25 Firm A Firm B 20 Firm C 15 Firm D 10 Typical Attorney 5 0