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   Hourly rate for a Patent Agent?
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   Author  Topic: Hourly rate for a Patent Agent?  (Read 9584 times)
biopico
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Re: Hourly rate for a Patent Agent?
« Reply #5 on: Nov 13th, 2006, 11:29am »
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It seems it is common for junor associates in the lawfirm to charge $200-250/hr but their salary is around $100K-$200K.
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Bradley Mayhew
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Re: Hourly rate for a Patent Agent?
« Reply #6 on: Nov 13th, 2006, 1:38pm »
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Firms typically expect an attorney/agent to generate about 3-times, and sometimes as much as 4-times, more revenue than the attorney/agent receives in salary.  
 
Of course, there are many exceptional situations.
 
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Bradley Mayhew
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Wiscagent
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Re: Hourly rate for a Patent Agent?
« Reply #7 on: Nov 13th, 2006, 4:39pm »
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"Firms typically expect an attorney/agent to generate about 3-times, and sometimes as much as 4-times, more revenue than the attorney/agent receives in salary. "
 
True.  And a disincentive for the attorney/agent to bring in business on their own.
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Richard Tanzer
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IP4me
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Re: Hourly rate for a Patent Agent?
« Reply #8 on: Sep 6th, 2007, 8:29pm »
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Generally, one third of the fees go to the agent's salary, another third to pay for overhead associated with the agent (office, printing, etc.) and one third to firm profit.
 
So generally if the agent brings in $300K in fees, he is paid about $100K, ignoring a lot of other factors.
« Last Edit: Sep 6th, 2007, 8:30pm by IP4me » IP Logged

J. Watts
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patentsusa
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Re: Hourly rate for a Patent Agent?
« Reply #9 on: Sep 6th, 2007, 9:09pm »
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While the 1/3, 1/3, 1/3 is the typical model for law firms, many boutique patent firms will pay 40% or 50% of billables.
 
A big disadvantage of being an agent in a law firm (I started out as one), is that a lot of the firms assume that overhead is the same for everyone.  They will probably allocate a low billing rate to you.  So if you bill $150,000 for the year and they pay you $50,000, they might allocate an overhead of $150,000 to you and conclude they are losing money on you.  I haven't seen anyone who was capable of accurately assessing how much overhead each individual professional consumed.  It might not be possible unless each non-professional staff member keeps track of their time.
 
But the bigger disadvantage is that you can't become partner, which is where the big money is.  That is what caused me to go to law school.  In Canada, there are firms of patent agents, or at least there used to be.   This was done so that agents could be partners.  Patent agents can be partners with other patent agents, both there and here.  
 
Some firms recognize the value of experienced agents and will compensate them not as partners but very well.  Others do not.
« Last Edit: Sep 6th, 2007, 9:12pm by patentsusa » IP Logged

Deepak Malhotra, JD, BSEE
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Malhotra Law Firm
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