Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by aet on Thursday August 08, 2013 @04:12PM
(#6181546)
How many hours is $200k of defense? (roughly)
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Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by jfb on Thursday August 08, 2013 @04:39PM
(#6181722)
It's in the linked article:
"I’ve spent about 200 hours on the matter and Sabrina about another 80. My comparable market hourly rate (partner at a top NYC patent firm) would be $750 and a comparable rate for Sabrina (senior associate at a top patent firm) would be about $500."
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by aet on Thursday August 08, 2013 @05:01PM
(#6181887)
Okay, so that is equivalent to 1 person working 40 hour weeks for 7 weeks. So, one person pulling $6K a day. ($1.5M/yr) I think you could find legal support for less than that.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by w3pm on Thursday August 08, 2013 @05:05PM
(#6181914)
Assuming they could maintain that for a full year, $6K a day is only 2.2MM. Also keep in mind that these hotshots don't do much of the grunt work, they offload it to any number of junior associates (which that hourly rate has to cover, in addition to other business overhead). Still not a bad gig if you can get it.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by jfb on Thursday August 08, 2013 @05:08PM
(#6181935)
Keep in mind that a partner at a top firm who bills her time out at $750, is making a lot more than that, due to the nature of a legal partnership.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by jfb on Thursday August 08, 2013 @05:11PM
(#6181954)
Any associate work will be billed straight through. Nobody works for free.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by smackfu on Thursday August 08, 2013 @05:53PM
(#6182218)
Even if the rate was 10% of their quote, it's still $20k. Which is no laughing matter.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by uxp on Thursday August 08, 2013 @04:21PM
(#6181619)
Based on this survey of attorney fees between 2010 and 2011, it could be anywhere between 510 hours (roughly, in California), to 900 hours (roughly, in the "West"), depending on years of practice and specialty.
http://www.nclc.org/images/pdf/litigation/fee-survey-report-...
edit: that's strictly hourly rates. Some (most?) attorneys will charge you for gas/transportation to and from the courthouse and their office, paper/toner costs from xerox machines, etc, which can add up fairly quickly, especially on a large case like one against Lodsys.
also, IANAL.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by DannyBee on Thursday August 08, 2013 @07:05PM
(#6182586)
s/some/all/
Plus associates, of course.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by lnsignificant on Thursday August 08, 2013 @04:25PM
(#6181643)
A case like this would be about 4 months (570 hours) or so of billable work by a good lawyer @ $350/hr or so.
Re:Patent Troll Forced To Settle Frivolous Lawsuit Against O...
by w3pm on Thursday August 08, 2013 @05:01PM
(#6181886)
Good lawyers cost quite a bit more than $350 an hour. Many of the "top" law firms charge north of $1000 an hour these days, below that $500-600/hour for a good quality lawyer is about what I'd expect. Fairly insane but it's one of those things where if losing is more painful than that price, you have no choice.