AInative patent firm Fearn launches to take on the billable hour

News Source : The Next Web

News Summary

Fearn drafts and prosecutes patents across software, hardware, robotics, semiconductors, defense, biotech and pharma.
It offers fixed fees and provisional filings in as little as three business days.
A guarantee puts its drafting fee at risk if a non-provisional application receives no allowed claims.
The company has raised $5.5 million from Kindred Ventures, a16z Speedrun, Designer Fund and Essence VC.
The broader legal market is moving in the same direction.

A conventional patent application can take 30 to 40 hours of attorney time and cost $18,000 to $40,000 in legal fees. Startups wait months to protect technology that can change by the day.

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