Managing Outside Counsel Costs, Cycle-time and Quality Best Practices Benchmark
- Benchmark Cost-Control Efforts
Re-examine Billing Arrangements
Refine Your Case Management Approach
Among the findings that emerged from this Managing Outside Counsel study are the following:
- 28% of companies stated they rarely or never pre-approve the law firm(s) team working on a case.
Fixed fees for patent preparation are widespread, from less than $3,500 to $8,500. Prosecution costs are less dispersed
25% of companies stated they don’t conduct a formal law firm review.
- Costs for patent related activities
Cycle-times for patent procurement
Effective methods to improve outside counsel results
Outside counsel guideline structures
Fee arrangements and cost and quality impact