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How the recent uptick in mergers and acquisitions activity is placing a heavy burden on already overtaxed ip departments – and what companies can do to prepare for and handle the sudden increase in workload.
Patent owners often underestimate the value of their patent assets; however, as portfolio analysis and optimisation tools continue to evolve, patent owners are becoming better equipped to make more informed and strategic commercial decisions around their assets. That was the message from Simon Roberts, head of patents at British Telecom and keynote speaker of the spring 2011 IP Industry Leaders roundtable in London. ‘But,’ he said, ‘there’s isn’t a one-size-fitsall approach to valuing a...
Changes to the way that IP is being created and used are having a major impact on corporate IP departments and the ways in which they approach portfolio management. That was the starting point for the first discussion led by Jako Eleveld, general manager of Consumer Lifestyles at Philips IP&S, at the Stuttgart round-table. He explained that, in general, all the IP used by Philips, in the early years of his career, was developed internally and, therefore, owned in full by the company. In...
Disengaging from Patent Annuity and Renewal Payment Services - Developing and Executing a Well Conceived Exit Strategy
Patent attorneys and intellectual property law firms appreciate the importance of mitigating the risks associated with IP practice management. Recent insurance company statistics indicate that approximately 50% of IP related malpractice claims are the result of clerical errors related to filing and docketing. These seemingly mundane tasks can have significant financial implications for both law firms and professional insurance providers should patent rights become irretrievably lost or...
Outsourcing is far from a new concept in the intellectual property (IP) services industry. Time- and cost-pressured law firms and corporations have been retaining external counsel or recruiting third-party specialists to assist them in their work for many years.Typically, the use of such services has been driven by a search for cost-effectiveness, but just as frequently it is also a question of supply and demand. In fast-paced legal markets, law firms and in-house legal departments...
"Given the global financial situation at the moment, it is critical for a company to look at all their assets to assess their financial impact. We need to work out the best ways to capitalise on them. It is important to know what you have and utilise these assets to increase revenue." -- Head of Corporate Development: Technology & Telecoms Company.
IP Recordal Management: Realizing Client Value and Reducing Finanical Risk to Your Firm
IP portfolios represent a significant organizational asset. Like other corporate assets, IP often changes ownership several times during the period of its enforcement. An event such as a transfer of ownership or change against the official record must be properly reflected at the respective PTO offices around the world. Often the requisite paper work is not properly filed and can leave the IP owner exposed to portfolio management risk.More often than not, IP recordal work and updates...
The value of intellectual property is on the rise. As such, intellectual property assets play an increasingly vital role in supporting businesses across a myriad of industries. This has resulted in an increase in patent application filings and subsequently more critical prosecution related deadlines for a patent practice law firm to manage. The rise in the number of patent applications and the increased emphasis on the value of a company's patent portfolio translates into increased economic...
There are many compelling reasons for a law firm or corporation to implement IP management software including risk management, enhanced customer service, increased efficiency, and as a means to remain competitive. The challenge does not lie in identifying the need, but ensuring that organizations identify the solution that best meets their short-and long-term requirements.Despite promises of cost savings and efficiencies, not all software solutions are created equal, nor does one size...