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In-house IP attorneys need to explain the importance a sound, thoughtful intellectual property strategy plays in the long-term strategic development of the company. This role is even more important now as corporations across the spectrum of innovation seek cost-savings and engage in budget cutting. But how should the strategic vision be conveyed so those in the C-suite with financial and…
Earlier this month, IP management and analytics firm Anaqua issued statistics on patents granted by the U.S. Patent and Trademark Office (USPTO) during 2021, providing a snapshot of the companies and countries earning the greatest number of U.S. patents, as well as the technological areas where most innovations are being protected. Among the report’s greatest takeaways include the relatively strong state of innovation through the COVID-19 pandemic. Anaqua’s report also reinforces the notion that China is slowly but surely becoming a major player in the U.S. patent system.
Much of what IP lawyers do can be facilitated and streamlined with technology, but most law firms are not well prepared for widespread digital transformation. To address this problem, forward-thinking firms are placing their growth in the hands of Chief Executives who know the legal business but are adept at running and growing an increasingly agile enterprise that is required…
Securing a patent in 2021 is a tough job. Courts continue to ask for more disclosure and better claims, and that’s when they aren’t moving the goal posts on patent practitioners. Meanwhile, clients demand flat fee billing and want to pay less every year. But what if there were a way for you to work with clients to show them…
Counterfeit products are an enormous problem for businesses all over the world, from consumer goods, to software, to pharmaceuticals, counterfeits have become nearly ubiquitous. Counterfeiters easily (and conservatively) cost brand owners many hundreds of billions of dollars each year. Given the low risk of getting caught, high-profit margins, and often lackluster and uncoordinated enforcement regimes, fighting counterfeits is an ever-growing…
Costs are an omnipresent concern for those in the intellectual property arena, making IP budgeting is a critical necessity for both IP law firms and in-house IP counsels. Whether for purposes of strategic portfolio decision making, or to address requirements to cut spending, accurate budgeting is essential. Unfortunately, creating IP budgets can be time consuming, and it can be extremely…
The more data and information we have access to, the harder it is to sort through it all and clearly see what is important. Create a window into your world by viewing prioritized information and then decide how to best use it. Learn from industry experts on the ways they manage their data and what they recommend as the most…
IP Professionals make hundreds of decisions per month and too often feel like they’re flying blind, without enough decision support on the value of patents. Budgets are tight, there is more scrutiny on the business impact of portfolio management decisions such as pruning, and less tolerance for unnecessary payments on dead weight patents. Just like portfolio managers and the law…
Much has changed over the last year, and while vaccines and hope are on the way, a new normal still seems far off. In the meantime, science, research and development goes on, and innovation is taking place. How has that innovation occurred with so many working remotely, and laboratories shuttered? Creative clients have found a way to keep innovating, what…
Business Development and Strategic Relationship Creation for Law Firms As the legal market becomes more competitive, law firms are increasingly fighting to win and retain clients. This competitive marketplace causes some to compete on price, which creates vicious downward pressure that is often irresistible to budget-conscious clients. If you want to charge higher rates, there must be a reason for…
Webinar Sponsored By: Elevating your legal practice is an art form. Join this panel discussion to learn how different firms collaborate internally and externally to create more recognition and value of their work with clients. Panelists will share how they have helped raise the profile of their legal practice and discuss: How can your firm create and demonstrate more value…
Webinar Sponsored By: Big data, artificial intelligence (AI), and machine learning are becoming an increasingly important part of the legal world. These tools offer streamlining and insights never before possible, and while some attorneys resist, those that utilize the power of these new tools are reaping the rewards by being able to provide higher quality legal services, on time, and…