Intellectual Property Research Associates

What Intellectual Property Research Associates does

IPRA, Inc. (formerly Intellectual Property Research Associates) is a boutique consulting firm founded by Russell L. Parr in 1993 and incorporated in Yardley, Pennsylvania in August 2001. The firm operates exclusively in intellectual property valuation and royalty rate analysis, serving three primary client categories: corporate IP owners seeking valuation for transactions or financial reporting, law firms and corporate legal departments requiring expert witness testimony and damages analysis for infringement litigation, and licensing professionals needing data-driven royalty rate guidance for license negotiations. Its service offering comprises three consulting lines — IP valuation, customized royalty rate studies, and expert witness testimony — plus five published reference books covering technology, pharmaceuticals & biotechnology, medical devices & diagnostics, trademarks & copyrights, and methodology for royalty rate determination.

The firm has no proprietary technology platform; its differentiated assets are methodology and data depth. Core intellectual property consists of royalty rate databases compiled over 25+ years of research across 24+ industries, paired with Russell L. Parr's individual expert credibility — CFA and ASA credentials, an MBA from Rutgers University, 70+ court appearances as a testifying expert, and authorship of books translated into six languages through publisher John Wiley & Sons. Revenue is generated through two channels: one-time e-commerce sales of PDF reference books priced between $250 and $1,750 via the firm's own website store, and quote-based professional services engagements sold directly to corporate clients. The firm operates as a solo-practitioner boutique with Parr personally involved in every assignment, indicating minimal headcount and no institutional scaling beyond the founder.

Name

Intellectual Property Research Associates

Legal name

IPRA, Inc.

Website

https://ipresearch.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

IPRA, Inc. is a boutique intellectual property consulting firm founded in 1993 that provides IP valuation, customized royalty rate studies, and expert witness testimony to corporate IP owners, law firms, and licensing professionals, and also sells royalty rate reference books.

Ownership category

akta.pro rank

Product category

Intellectual Property Valuation Services

NAICS

Legal Services (5411)

SIC

Services-Legal Services (8111)

akta.pro industry

PRIMARYBPAHAMAH

IP Valuation, Damages & Royalty Analysis

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Intellectual Property (IP) & Patent Services

SECONDARYBPAHAAAF

Intellectual Property (IP) Law

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Legal Services

SECONDARYMPAJACAK

IP & Patent Information Publishing (Patent/Litigation Analytics, Prior Art)

Media, Entertainment & Sports/Publishing (Books, News, Magazines)/Professional & Legal Publishing (Standards, Compliance, Reference)

SECONDARYFSAEAHAL

Intellectual Property Valuation (patents, trademarks, software, royalties)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Valuation, Appraisal & Fairness Opinions

SECONDARYBPAHAMAG

IP Due Diligence & Freedom-to-Operate (FTO) Analysis

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Intellectual Property (IP) & Patent Services

Keywords

• Intellectual property valuation
• Royalty rate analysis
• Expert witness testimony
• Licensing economics
• IP damages calculation

Headquarters

HQ city

Yardley

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Published Reference Books: Sale of PDF royalty rate reference books covering technology, pharmaceuticals, medical devices, and trademarks/copyrights. Books are delivered electronically immediately after checkout. Prices range from $250 to $1,750 per book.
2. IP Valuation Consulting: Consulting services for valuation of patents, trademarks, copyrights and other intangible assets. Services used for licensing transactions, acquisitions, transfer pricing, litigation support, collateral-based financing, and joint ventures.
3. Customized Royalty Rate Studies: Tailored royalty rate studies analyzing company databases and financial models to provide independent support for royalty rate determinations in licensing negotiations.
4. Expert Witness Testimony: Testifying expert services regarding intellectual property infringement damages for litigation support in court and deposition settings.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

IPRA provides intellectual property valuation consulting focused on royalty rate determination and expert witness testimony for litigation, licensing negotiations, and mergers and acquisitions. The firm also publishes five reference books that compile and analyze royalty rate data across technology, medical devices, pharmaceuticals, trademarks, and general IP.

Product overview

IPRA, Inc. offers a portfolio of five published reference books on royalty rates and licensing compensation, complemented by three professional consulting services. The books cover distinct sectors: technology (general), medical devices & diagnostics, pharmaceuticals & biotechnology, and trademarks & copyrights, plus a methodology guide for royalty rate determination. The consulting services encompass royalty rate consulting (customized studies), IP valuation, and expert witness testimony for infringement damages cases. The company is led by Russell L. Parr, who personally oversees all consulting assignments.

Differentiator

Problem solved

Functional benefit

Products and services

• Royalty Rates for Technology Reference book documenting royalty rates and licensing terms in the technology sector for use in licensing negotiations, litigation damages, and IP valuation.
• Royalty Rates for Medical Devices Reference book compiling royalty rate and licensing data for the medical device industry for valuation, negotiation, and litigation purposes.
• Royalty Rates for Pharmaceuticals Reference book compiling royalty rate and licensing data for the pharmaceutical sector for valuation, negotiation, and litigation purposes.
• Royalty Rates for Trademarks Reference book compiling royalty rate and licensing data for trademarks for valuation, negotiation, and litigation purposes.
• Royalty Rates: Industry-Based Summary General IP royalty rate reference book covering multiple industries for valuation and licensing analysis.
• Royalty Rate Consulting Services Bespoke consulting engagement to determine appropriate royalty rates for IP licensing arrangements, litigation damages, and negotiations.
• IP Valuation Services Professional valuation of intellectual property assets for licensing, mergers and acquisitions, corporate transactions, and financial reporting purposes.
• Expert Witness Testimony Services Expert witness testimony on intellectual property valuation and royalty rates in litigation, based on IPRA's proprietary royalty rate data and the testifying expert's CFA/ASA credentials.

Quantifiable outcome

• Over 70 court appearances as expert witness
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Ocean Tomo: Ocean Tomo is a specialized IP valuation, advisory, and auction firm offering royalty rate analysis, IP valuation, and expert testimony—directly overlapping IPRA's core service lines and target clients.
• 284 Partners: 284 Partners is a boutique IP valuation and royalty rate consulting firm that provides expert testimony and royalty analysis—directly comparable to IPRA in scope, client type, and niche specialization.
• Marksmen (formerly IPEG): Marksmen is an IP advisory firm offering valuation, licensing support, and expert witness services, serving similar corporate IP owners and legal clients as IPRA.

Broad incumbents

• Houlihan Lokey: Houlihan Lokey's Dispute Resolution and Valuation practices include IP and intangible asset valuation, expert testimony, and royalty rate analysis—offering IPRA's capabilities as part of a global financial advisory platform.
• Stout: Stout provides business and IP valuation, royalty rate analysis, and expert witness services through its Disputes & Investigations practice, competing with IPRA for litigation support and intangible asset engagements.
• Valuation Research Corporation: VRC provides business and intangible asset valuation services for financial reporting, tax, and litigation—including IP and royalty rate analyses—competing with IPRA in the valuation space.
• Duff & Phelps (Kroll): Duff & Phelps, now part of Kroll, provides a broad portfolio of valuation services including a dedicated IP valuation practice serving corporate legal, tax, and litigation needs—overlapping IPRA's expertise within a much wider service offering.

Others

• American Society of Appraisers: ASA is the professional credentialing body whose ASA designation is held by Parr; it indirectly competes by setting standards and providing directories of qualified IP valuation experts that IPRA must stand out within.
• John Wiley & Sons: Wiley is the publisher of IPRA's reference books; it is a partner/ecosystem participant rather than a direct competitor, but its broader catalog of business and IP titles competes for shelf space and reader attention.

Emerging players

• Pluris Valuation Advisors: Pluris is a valuation advisory firm with capabilities in IP and intangible asset valuation, serving similar corporate and legal clients as IPRA across transaction and litigation matters.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/intellectual-property-research-associates

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intellectual Property Research Associates