2017 Report of the Economic Survey

Table of Contents

INTRODUCTION ............................................................................................................................. 1

DATA COLLECTION ......................................................................................................................... 1

CHANGES TO THE SURVEY.............................................................................................................. 1

DESCRIPTION OF STATISTICS AND FORMATTING CONVENTIONS .................................................... 2

RESPONDENT BACKGROUND ......................................................................................................... 5

IP BUDGET FOR CORPORATE PRACTITIONERS ................................................................................ 7

INCOME RECEIVED IN 2016 AND PROJECTED FOR 2017, BILLING RATES, AND BILLABLE HOURS ............................................................................................................................ 9 SUMMARY OF SURVEY RESULTS BY PRACTICE TYPE ..................................................................... 13 SOLO PRACTITIONER ............................................................................................................................13 PRIVATE FIRM , PARTNER .......................................................................................................................16 PRIVATE FIRM , ASSOCIATE .....................................................................................................................19 PRIVATE FIRM , OF COUNSEL ..................................................................................................................22 HEAD OF CORPORATE IP DEPARTMENT ....................................................................................................25 CORPORATE IP DEPARTMENT , ATTORNEY .................................................................................................27 PRIVATE FIRM , PATENT AGENT ...............................................................................................................28 CORPORATE IP DEPARTMENT , PATENT AGENT ...........................................................................................29

TYPICAL CHARGES FOR IP LAW SERVICES ..................................................................................... 30

TYPICAL TYPE OF FEE FOR IP LAW SERVICE CHARGES ................................................................... 37

TYPICAL COSTS OF LITIGATION..................................................................................................... 41

CHARACTERISTICS OF FIRMS ........................................................................................................ 60 NUMBER AND TYPE OF ATTORNEYS .........................................................................................................60 ASSOCIATE STARTING SALARY AND SUMMER MONTHLY PAY ........................................................................62 SUPPORT STAFF AND SERVICES ...............................................................................................................64 BILLING RATES AND PRACTICES ...............................................................................................................68 LIABILITY INSURANCE ............................................................................................................................71 TRAINING AND MARKETING ...................................................................................................................71 STATISTICAL TABLES....................................................................................................... Appendix A INDIVIDUAL DATA .................................................................................................................. I-1 to I-212 FIRM DATA ........................................................................................................................... F-1 to F-35

SURVEY INSTRUMENTS .................................................................................................. Appendix B

i