Chief IP Counsel: Stop Trying to Change How Your Lawyers Bill You and Focus on the Model They Use to Provide Your Legal Services

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Today, much effort is being expended in obtaining reduction in the cost of obtaining IP legal services. Fundamentally, all current efforts work within the existing law firm model. As such, a limit exists in the level of improvement possible because law firms are at their core businesses that have costs and need a certain amount of profit to remain viable. This article discusses a new business model for IP legal services called a "micro-firm." In a micro-firm, individual lawyers work directly with in-house IP counsel to provide high quality legal services at a fraction of the cost that can be profitably charged by a law firm.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jackie Hutter, IP Strategist, The Hutter Group LLC: IP Business Strategy | Attorney Advertising

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