Sunday, July 14, 2013

Unscrupulous patent troll lawyer can be a modern Plutus

Patents may mean innovation but nowadays are more likely to become an extremely profitable asset for patent troll lawyers. How rich can a patent troll lawyer be? According to July 14 NYT, a high-school-dropout-turned patent troll lawyer earns $25M/yr with $19.5M house, a private jet and 16 cars, six of them Lamborghini. The rampant scourge incurred by patent trolls will never stop unless US patent system is totally reformed. Even the troll-hunting measures announced by President Obama in June, 2013 probably will not stop patent trolls significantly simply because the skyrocketing profits for patent trolls.

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