Automated Renewals
Intelligently designed and IP lawyer-tested automations eliminate manual tasks, missed deadlines, hunting for documents and client communications in random email threads from your renewal process.
Only simplicity could be this smart!
0 hrs
Spent annually renewing 450 IP records with Rightly
0 hrs
Spent annually handling 450 renewals using Rightly
€0 k
In increased revenue if 50% of the hours are billable
How do the numbers break down?
The financial impact of moving 4,500 RUMs to automated renewals on the Rightly platform:
Traditional IP managment
The bulk of your costs are from overheads such as license fees and labour costs but......
Rightly IP managment
Transforming overheads and labour costs into consumption based pass through costs for your clients and.....
The right way to do IP management
Leads to significant cost savings that increase your operating profits.
Fixed costs
License fees IP management system
€25,000
Labour costs
Hourly Salary Administrator/Paralegal
Renewal costs spent pr renewal (0,2h)
Amount of renewals pr year 1/10 of RUMSs
€28,350
Fixed costs
25,000
Total costs pr year
€53,350
Fixed costs
License fees IP management system
€0
Labour costs
Hourly Salary Administrator/Paralegal
Renewal costs spent pr renewal (0,2h)
Amount of renewals pr year 1/10 of RUMSs
€3,150
Consumption based costs
Rightly renewal fee (€75 pr renewal)
Rightly yearly renewal fee (1/10 of RUMs)
€33,750
Total costs pr year
€36,900
Total savings per year using Rightly® vs legacy systems
€16,450
Actual Return on Investment experienced by a law firm with 4,500 RUMs
Hours saved using Rightly
720h
Hourly rate administrator / Paralegal
€180
Margins improved
Time saved channeled into work
where you charge hourly rate
€129,600
Turnover efficiency increase
50%
Hours saved billed and paid by clients
€64,800
Total return on investment
Cost saving + improved margins
€81,250
How do Automated Renewals work?
Renewal reminder sequence
Automated email sequences are sent to the client to remind them to give instructions on the different IPR’s
The automated reminders give both you and your client peace of mind that nothing gets missed and delivers vastly increased efficiency over manual handling of renewal reminders
| Automated Efficiency | Manual Efficiency |
| 100% | 20% |
Average minutes taken for manual renewal handling
27
Average minutes taken for renewal handling with Rightly
5
Actual renewal handling
Handling the actual renewal on receipt of instructions is usually a complex task involving a variety of steps
These steps, like communicating with a local agent to get quotes, finding the required documentation and sending instructions, have been transformed into a short series of simple clicks
Verification, docketing and updating IP records
After the IP renewal is complete, there are still tasks to be done
The Agent is invited to submit changes to the specific IP record with the assistance of smart algorithms. You can approve or dismiss the changes. On approval, changes are docketed and data is updated automatically
| % of renewal workload manually | % of renewal workload with Rightly |
| 60% | 10% |
Average minutes to complete 450 renewals manually
Average minutes to complete 450 renewals with Rightly
48.6
5.4
Renewal Report
A renewal report is automatically prepared and sent to your clients
An end-to-end IPR automated renewal system that is smart and takes care of every step can free unimaginable amounts of time to deliver more value-adding work to your clients
Want to know what a ROI calculation might look like for your firm?
Get an ROI calculation for your firm:
