Efficiency Presentation

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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

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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.

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)

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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).

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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.

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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.

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)

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FIRM B APPLICATION PREPARATION COST

One attorney billing at $400 per hour and three (3) first-year associates

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

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FIRM C APPLICATION PREPARATION COST

One attorney billing at $400 per hour and three (3) third-year associates


$400 $8,880 $800 $10,080

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FIRM D APPLICATION PREPARATION COST

One attorney billing at $400 per hour and three (3) first-year, major-city* associates


$400 $9,310 $1,600 $11,310

*Major-cities include New York, D.C., Chicago, Boston, San Francisco, etc. First-year salaries are $160k.

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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.

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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

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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

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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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