IP firms are taking some time to reflect on the current state of their profit margins. Our conversations with clients have made it clear: business development is a top priority.

In an increasingly turbulent business environment, IP firms need to take stock of what they can control, fortify, and improve. Now is the time to strengthen current processes with workflow automation and broaden your client base through competitive intelligence.

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.

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.

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.

With budgets tightening and department priorities shifting, now is the time for companies to evaluate outside legal counsel.

As businesses feel the lingering stress from the COVID-19 pandemic, some are considering bringing patent prosecution in-house in order to cut costs. With clients continuing to mind their budgets, how can firms demonstrate the cost savings and ROI they bring to the table?

Fiat Chrysler and Peugeot owner PSA Group recently announced the terms of a $48 billion merger that would create the world's fourth-largest automaker. A primary reason for the merger is to share the cost of developing electric and autonomous vehicles.