SCHOX,PLC

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Description

In most large law firms, the partners and associates are paid a portion of their hourly billings (either through a periodic arrangement or as an annual bonus above a base salary). Hourly billing does not provide an incentive to finish a project. On the contrary, it is not uncommon for an attorney at large law firm to provide a dozen revisions of a patent application to the inventors. At a multi-national company, this extra time might go unnoticed. But in a small startup, this extra time (measured in hours or days) could be quite burdensome. Everyone on my team is paid by the project, not the hour. This provides the incentive to get it right the first time. Typically, our clients see two drafts: the first draft and the final draft. We respect that our clients are busy building a business, and I have structured our business model around them.

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