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I have some doubt regarding pf contribution... Say for example.. 12% of my base salary is 600 which gets deducted from my salary.. on the flip side.. the company has to contribute 600 to my pf (which is actually deducted from my salary only like already part of CTC)?. So my question again is that.. the company contributes 600 as well? PwC
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I think it depends on the experience of the patent agent. Starting out my hourly expectations are about 400 less than the associates I work with.
Yeah agent hours are usually 200-400 hours less depending on circumstances
Adding another data point: my firm requires 1900 hours for prosecution associates and 1600 hours for agents.
My first firm didn't know what they were doing and had me at 1800 as an agent also enrolled in law school - same as associates not also going to class at night. Found our quickly that should have been more like 1500. Did that and they didn't push back.
Thank you so much for the responses!
One more point of clarification if I may: Efficiency. I realize this is a point of emphasis for patent agents but I am a little fuzzy. Assuming all hours are legitimately billable, two attorneys both bill X hours, the efficient attorney will get more done, but both will have billed X hours.
I’m a 4th year patent agent (but identify on here as an associate for increased anon). Efficiency only matters in terms of how much time is cut by the billing partner. For example, say budget is $10,000 to draft patent application. Also say the patent agent rate is $300/hr and the associate rate is $500/hr. The patent agent will have 33.3 hours to complete the job while the associate only gets 20 hours to complete the SAME job. If the patent agent completes the job in 33.3 hours- no time should be cut and this translates to 100% efficiency. If the associate struggled and completed it in 25 hours, some time will be cut reducing their efficiency. Some time cut is expected but you want to keep it in check. Generally I’ve been told to try to limit it to 5% cut (or 95% efficiency over the year).