Intellectual property is the foundation for building a significant competitive advantage for businesses of any size. Companies need to keep a constant eye out for new competitors and advantageous legal partnerships to stay ahead.

Firms with a solid grasp on landscape analysis and competitive intelligence become indispensable to their clients and difficult to beat when vying for new business.

There are many ways to evaluate the value of your outside counsel, whether using general success metrics or quality indicators like timeliness and ease of communication. But perhaps the most valuable indicator may be the average cost of an issued patent prosecuted by the firm.

Whether you are a part of a corporate IP team or at a law firm, creating a standardized, data-driven approach to analyze prosecution performance is imperative to your success.

The age of big data is here to stay, and there is so much information out there to access, sift through, and organize to accomplish our goals. As a company evaluating your legal partnerships, how do you know which metrics provide the most insight?

Patent prosecution demands agility and innovation. Successful law firms embrace a culture of continuous self-assessment, regularly refining strategies to stay competitive.

After a tumultuous 2020, many IP firms are refocusing their efforts on growth in 2021. Here, we share advice from patent leaders at Slater Matsil, Procopio, and Quarles & Brady.

In a saturated market, law firms are looking for ways to stand out and deliver the best legal services to their corporate clients. If you are looking to provide quality patent prosecution that ensures long-standing relationships, your firm needs to invest in data analytics.

As we begin a new year, we predict how corporate leaders in IP will manage patent prosecution, keep an eye on their outside counsel, and avoid excessive spending.

2020 is not exactly what we expected, was it? Business has felt anything but usual. Now, at the end of the year, we have time to reflect, consider new best practices and areas of improvement, and keep our fingers crossed that 2021 will be at least a tiny bit less surprising.