3 ms·
Actually fees have actually been fairly flat in patent prosecution over the recent years. Unlike other legal work, it's very common for the work in patent prose
by cgy1 7y ago
Actually fees have actually been fairly flat in patent prosecution over the recent years. Unlike other legal work, it's very common for the work in patent prosecution to be performed for fixed fees (e.g., $10k/patent application). Thus regardless of the number of hours billed by the attorney, they will not be paid for the hours worked that exceeds the fixed fee they're charging for the task. As such, patent attorneys do have extra incentives to use these emerging AI tools to help them become more efficient because it allows them to stay below the fixed fees they're charging for clients.
- pkaye 7y agoTerminology question... is patent prosecution same as a patent lawsuit?