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.

Inspired by our recent ranking of the top growing patent firms, we set out to find the top 25 emerging patent firms of the last decade. 

If 2020 has taught us anything, it’s that in order for a firm to succeed, it must be able to withstand whatever storms come its way and come out even stronger. Here, we recognize the patent firms that have done just that – the firms that have grown the most in the last decade.

We are in the middle of a professional paradigm shift - adapting to the new normal of a fully or partially remote workforce. This could be the motivation the patent industry needs to fully lean into the possibilities of legal technology.

In early June, AstraZeneca approached rival drugmaker Gilead Sciences to discuss a potential merger. Though some doubt the feasibility of such a deal, this would be the biggest healthcare merger on record.

To maintain successful business partnerships, law firms need to regularly assess new ways to benefit their IP clients. By putting in the effort to expand client relationships, firms can better demonstrate the value of their ongoing service.

As legal tech revolutionizes the industry, offering new avenues for speed, accuracy, and quality assurance in legal work, often, one roadblock remains - the budget-minded CFO.

Now is not the time to be idle. There are plenty of steps in-house IP departments can take now to ensure team productivity, strategic budgeting, and a strong patent portfolio.