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.

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.

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. 

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.

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.

As we near the end of a tumultuous year, IP managers and patent attorneys are more conscious than ever of their bottom line.

In our analysis, we found that the First Action Interview Pilot Program (FAIPP) may not result in a faster prosecution, but it is effective in reaching an allowance with fewer office actions.

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.

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.

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.