Page 2 of 13




              TYPICAL APPLICATION PREPARATION COST

One attorney billing at $300 per hour to complete one...
Page 3 of 13




       TR Patents, LLC APPLICATION PREPARATION COST

            One attorney billing a $4000 fixed-fee a...
Page 4 of 13




                 TYPICAL ESTIMATED ANNUAL PRODUCTION


One attorney billing at $300 per hour to complete ...
Page 5 of 13



             TR Patents, LLC ESTIMATED ANNUAL PRODUCTION
                 One attorney billing a $4000 fix...
Page 6 of 13



          FIRM A APPLICATION PREPARATION COST

        One attorney billing at $400 per hour and three (3)...
Page 7 of 13



          FIRM B APPLICATION PREPARATION COST

        One attorney billing at $400 per hour and three (3)...
Page 8 of 13



          FIRM C APPLICATION PREPARATION COST

        One attorney billing at $400 per hour and three (3)...
Page 9 of 13



                    FIRM D APPLICATION PREPARATION COST

           One attorney billing at $400 per hour ...
Page 10 of 13




                                  TYPICAL ASSOCIATE BILLING RATE

                                      ...
Page 11 of 13




            COST PER APPLICATION



12000

10000
                                   TR Patents, L.L.C.
8...
Page 12 of 13




     Percent Savings in Application Preparation
                        via
                 TR Patents,...
Page 13 of 13




     Invested Application Preparation Hours
              for $5000 Application



40
35
30             ...
Efficiency presentation2010
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Efficiency presentation2010

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Efficiency presentation2010

  1. 1. 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
  2. 2. 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)
  3. 3. 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).
  4. 4. 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.
  5. 5. 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)
  6. 6. 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)
  7. 7. 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)
  8. 8. 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.
  9. 9. 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.
  10. 10. 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
  11. 11. 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
  12. 12. 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

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