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**"Direct costs include the cost of legal services, license fees, and other costs incurred in response to NPE litigation risk"
*"The median company sued had $10.8 million in annual revenues. 82% of the defendants had less than $100 million in revenue and these accounted for 50% of the defenses. Small and medium-sized companies account for 37% of the accrued direct costs."
*"[W]e concluded [in the 2011 paper] that much of the cost borne by technology companies as they defend against NPE lawsuits is a social loss and not a mere transfer" (in 2011 paper)
====Data Sources====
