Pellegrino & Associates, LLC

What Pellegrino & Associates, LLC does

Pellegrino & Associates, LLC (P&A) is a boutique professional services firm specializing in intellectual property valuation and litigation economics. Founded in 2004 by Mike Pellegrino and headquartered in Westfield, Indiana, the firm operates with seven employees delivering three service lines: IP Valuations (patents, copyrights, trademarks, trade secrets, software, royalty rates, and tax valuations); Competitive Intelligence (competitor analysis, licensing, M&A due diligence, and patent analytics); and Litigation Support (economic damages analysis and expert witness testimony). The firm leverages its proprietary ipAnalytx platform, a custom patent data-mining application that consolidates millions of patent records to support engagements.

P&A has completed more than 400 engagements for over 200 clients across Fortune 100 enterprises, law firms, startups, and research institutions. Its client roster includes IBM, Sony, American Express, Lockheed Martin, Duke Energy, Liberty Mutual Insurance, Rolls-Royce North America, Ascension Healthcare, GE, and State Farm. Notable damages opinions validated in court include a $308,488,108 jury verdict in PMC v. Apple (2021, second-highest patent damages verdict that year) and a $112 million verdict validated virtually to the dollar.

The firm monetizes through professional services fees billed on a custom-engagement basis. Go-to-market relies on thought leadership (BVR's Guide to Intellectual Property Valuation, first and second editions, with 700+ copies sold), published articles in IAM Magazine, CFO Magazine, and other outlets, speaking engagements at LES and ABA events, and referrals from law firms including Barnes & Thornburg LLP. Mike Pellegrino serves as treasurer of LES and chairs the patent valuation standards committee pursuing ANSI-accepted standards, reinforcing the firm's influence over IP valuation methodology. Pricing is not publicly disclosed; engagements are quote-based and vary by complexity.

Name

Pellegrino & Associates, LLC

Legal name

Pellegrino & Associates, LLC

Website

https://pellegrinoandassociates.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Pellegrino & Associates is a seven-employee IP valuation and litigation economics firm serving Fortune 100 companies, law firms, startups, and research institutions with expert witness testimony, damages analysis, and patent analytics.

Ownership category

akta.pro rank

Product category

Intellectual Property Valuation Services

NAICS

Management Consulting Services (54161), Legal Services (5411)

SIC

Services-Management Consulting Services (8742), Services-Legal Services (8111)

akta.pro primary industry

IP Search, Watch & Competitive Intelligence (BPAHAMAI)

akta.pro secondary industries

Purchase Price Allocation (PPA) & Intangible Asset Valuation (FSAEAHAF), Litigation & Dispute Valuation (damages, shareholder disputes) (FSAEAHAI), IP Management, Patents & Trademark Software (BPAEAPAN)

Keywords

• Intellectual property valuation
• IP litigation support
• Patent analytics
• Economic damages analysis
• Competitive intelligence

Headquarters

HQ city

Westfield

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

Revenue model

1. IP Valuation Services: Professional consulting fees for intellectual property valuations including patents, copyrights, trademarks, trade secrets, software, and royalty rate determination. Engagements include tax valuation, transfer pricing, and financial reporting purposes.
2. Litigation Support Services: Expert witness testimony and economic damages analysis for IP litigation cases including patent infringement, trade secret misappropriation, and breach of contract claims. Nearly half of engagements involve IP litigation.
3. Competitive Intelligence Services: Due diligence, competitor analysis, licensing consulting, M&A consulting, and patent analytics for corporate clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Pellegrino & Associates is a professional services firm that delivers intellectual property valuation, competitive intelligence, and litigation support services. The firm conducts court-admissible valuations of patents, copyrights, trademarks, trade secrets, software, and royalty rates, and provides expert witness testimony and economic damages analysis for IP disputes. Engagements also include competitive intelligence, due diligence, licensing strategy, M&A consulting, and patent analytics, supported by ipAnalytx, a proprietary patent data-mining software platform.

Product overview

Pellegrino & Associates is a professional services firm offering intellectual property valuation and advisory services. The core offering consists of three main service lines: (1) IP Valuations covering copyright, patent, royalty rate determination, software, trade secret, trademark, and tax valuations; (2) Competitive Intelligence including competitor analysis, due diligence, licensing, M&A consulting, and patent analytics; and (3) Litigation Support comprising economic damages analysis, expert witness testimony, and litigation consulting. The firm also utilizes ipAnalytx, a proprietary patent data mining software solution. The services are delivered through professional consulting engagements rather than a software product.

Differentiator

Problem solved

Functional benefit

Brands

• ipAnalytx: Custom-built patent analytics software solution that mines patent data

Products and services

• IP Valuations

Quantifiable outcome

• $308,488,108 jury verdict in PMC v. Apple case, validated to the penny by jury
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Barnes & Thornburg LLPcoreStrategic or Co-development Partner · 1 February 2020Law firm Barnes & Thornburg LLP hosts the LES Indiana chapter meetings at their Indianapolis office. Their attorneys John Routon and Scott Simmonds serve as chapter leaders alongside P&A's Tejas Shah. Deep collaboration in IP and licensing matters through the LES chapter.
• Licensing Executives Society (LES)coreStrategic or Co-development PartnerP&A actively participates in LES with Mike Pellegrino serving as treasurer. He chairs the patent valuation standards committee pursuing ANSI-accepted standards for patent valuation. The firm is a big proponent of LES and its offerings to the IP industry.
• Business Valuation Resources (BVR)coreStrategic or Co-development PartnerP&A authored BVR's Guide to Intellectual Property Valuation (first and second editions) published by Business Valuation Resources. The books have sold 700+ copies to attorneys, valuation firms, and IP professionals.
• Baxter HealthcareminorOthersTaught technology transfer and IP managers from Baxter Healthcare through webinar education programs.
• John DeereminorOthersTaught technology transfer and IP managers from John Deere through webinar education programs.
• Eli Lilly and CompanyminorOthersJames McGee, Senior Director of Corporate Business Development at Eli Lilly and Company, serves on the LES Indiana Chapter Advisory Council.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marshall & Stevens: Independent valuation firm specializing in intangible asset and IP valuation for financial reporting, tax, and litigation purposes — directly comparable service mix to P&A's IP valuation and litigation support offerings.
• Consor Intellectual Property: Consor provides IP valuation, transaction advisory, and patent analytics services to corporate clients and law firms — closely mirroring P&A's combination of intangible asset valuation and strategic IP advisory.
• Ocean Tomo: Ocean Tomo is a leading IP valuation, consulting, and transaction advisory firm offering intangible asset valuation, expert witness testimony, and patent analytics — directly overlapping P&A's IP valuation, competitive intelligence, and litigation support service lines.
• 1575 Capital (formerly 1735 Capital): IP-focused investment bank and advisory firm providing patent brokerage, valuation, and licensing strategy services. Highly comparable to P&A's patent analytics, licensing, and competitive intelligence offerings.

Broad incumbents

• Houlihan Lokey: Global investment bank with a dispute resolution consulting practice providing expert witness testimony, economic damages, and valuation services in IP and complex commercial litigation — overlapping with P&A's litigation support and damages analysis offerings.
• BDO USA Valuation Services: Top-tier accounting and advisory firm offering intangible asset valuation, IP valuation, and damages analysis within a broader transaction advisory and audit platform — competing with P&A on enterprise and tax-driven IP valuation engagements.
• Charles River Associates (CRA): Economic and financial consulting firm providing expert testimony, damages analysis, and valuation services in complex IP and commercial litigation — competing with P&A on high-stakes expert witness engagements with similar court-tested methodology positioning.
• Valuation Research Corporation (VRC): Large independent valuation firm providing intangible asset, IP, and business valuation services across financial reporting, tax, and litigation contexts — broader scope than P&A but overlapping in IP valuation methodology.
• Stout (formerly Stout Risius Ross): Valuation and financial advisory firm with expertise in intangible asset valuation, IP damages analysis, and expert witness services — competing with P&A in IP litigation support and damages quantification.
• Kroll (formerly Duff & Phelps): Global financial advisory firm with a dedicated intangible asset valuation practice offering IP valuation, transfer pricing, and litigation support — competing with P&A across both litigation damages analysis and M&A/tax valuation engagements, but at much larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/PellegrinoandAssociates
• LinkedInlinkedin.com/company/pellegrino-&-associates-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Pellegrino & Associates, LLC