William Mansfield is the Head of Consulting and Customer Success in Americas + CEMEA for LexisNexis IP. Responsible for overseeing the negotiation, creation, and delivery of LexisNexis IP’s global consulting work along with managing the Customer Success team. He works closely with numerous international and Fortune 500 companies and others to ensure effective deployment of patent analysis for Business Strategy, M&A due diligence, Portfolio Management, and other cases. Will has an Economics background and experience in Market and R&D strategy in the solar industry.
Around $8 billion is set to be spent this year on patent renewals at the top 10 patent offices. That total jumps to a staggering $184 billion due on all currently issued patents across the lifetime of those assets. While some businesses that have significant licensing operations may have to double down on developing and managing their portfolios over the coming years, the vast majority of in-house functions that operate as cost centers might well find themselves coming under increased budgetary pressures should market conditions worsen.