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Why SpencePC?
Clients choose SpencePC because we do outstanding work for fair compensation. Unlike our competitors, we encourage the use of alternative-fee agreements that more closely align our clients’ interests with the Firm’s interests. As a result, our clients pay only for the value they receive.
Our Philosophy
Our philosophy is simple: be outstanding and offer a unique value proposition. Hourly billing creates the wrong incentive for attorneys to work longer, not smarter. Instead, we encourage alternative-fee arrangements that reward success and efficiency. By doing so, our attorneys remain focused on obtaining the best results for our clients in the most cost-efficient manner.
Our Skills
We are attorneys who specialize in intellectual property and complex litigation. We hold science, engineering, and law degrees from the nation’s top schools. Following our education, each of us received years of additional training from prestigious, top-tier law firms. Our billing model ensures we remain focused on obtaining the best results in the most cost-efficient manner.
Associations & Accolades
FTC report recommendations largely legislative in scope in new patent assertion entity report
The Federal Trade Commission ’s (FTC) recently released report on patent assertion entities (PAEs) includes a number of key findings made by the agency on the business model of such companies. The FTC identified two different business models employed by PAEs which differ in terms of litigation and licensing activity. The report also includes a number of judicial and legislative recommendations to deter what the FTC calls “nuisance litigation.”
The FTC report identifies nuisance litigation as any lawsuit which is settled with a patent licensing agreement that pays less than $300,000 in total royalties. This $300,000 figure is the lower bound of a range taken from an American Intellectual Property Law Association (AIPLA) study regarding the costs of defending a patent infringement suit through discovery. The FTC’s recommendations seek to reduce nuisance litigation, which the agency finds to be a drain on judicial resources and can divert business resources from productive activities.
The post FTC report recommendations largely legislative in scope in new patent assertion entity report appeared first on SpencePC.
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