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.

To succeed in any industry, a certain amount of foresight and planning is key. For patent attorneys, identifying and taking action on high-cost prosecution can lessen the usual timeline and save money in the long term.

Patent prosecution is expensive and complex. And often, each individual practitioner has their own unique approach to reach that all-important NOA. But inconsistent practices and reliance solely on past experience can lead to inflated costs.

Prompted by the CARES Act, the USPTO announced extensions to the time allowed to file certain patent-related documents and to pay certain required fees. Legal teams can use patent analytics tools like Juristat to quickly identify which applications qualify.

We often use allowance rate as a quick and simple way to quantify success at the USPTO -- and we know law firms use it too. However, that is just one of many indicators in-house counsel can use to evaluate firm performance. 

In the world of patent applications, timing is key. When your firm receives an office action, a quick and thorough response helps ensure smooth communication with your examiner and calms your anxious client.

When looking for outside counsel, companies are likely hearing similar pitches from all law firms. Business intelligence can be a powerful differentiator, a tool that helps law firms identify areas of strength and discover new pathways to success. It can lead to more focused marketing efforts and a general uptick in client buy-in.

Thanks to Juristat examiner analytics, patent practitioners can now leverage data to shape prosecution strategy based on the decision history of an assigned examiner.

Here are  three essential (and often overlooked) examiner analytics that can lead to a more strategic prosecution.

Thanks to Juristat patent analytics, practitioners can now leverage data to make strategic decisions throughout the patent prosecution process.

Watch our latest video to learn how firms and in-house teams can shape strategy with big data during all parts of the prosecution process.

Data-driven decisions can help shape a more successful patent prosecution and business development strategy, but navigating the complex data isn’t always an easy task.

With the "Table View" in Juristat Platform, you can organize application reports by selecting from more than 125 different data points.

Watch our latest video to learn how to extract informative data sets to improve your patent prosecution process.