The 5 Drivers of IP Operating Costs

Today’s unforgiving budgetary climate confronts corporate IP departments with a multitude of challenges: from pressures on headcount and outside counsel spend, to the costs of portfolio maintenance fees and software systems. The corporate IP department faces continuous scrutiny of their budgets and spending. While the easy scapegoat is the oft-quoted exorbitant hourly rates of outside counsel, the truth is that …

Poll: What are the Biggest Challenges in IP Ops

IP groups are under growing pressure to rapidly expand the size and quality of their portfolios. The challenge inherent in this is greatly complicated by the growing number of companies with competitive IP ambitions, and the resulting accelerating pace. We have heard repeatedly from IP leaders that expanding legal expertise and capacity is not the greatest obstacle they face, but …

Data: The Biggest Challenge Facing IP Operations

Data, in the form of matter information, tasks, dates, and documents is a fundamental ingredient for high quality IP operations and docketing. As IP groups seek to improve efficiency and cost-effectiveness, many are finding that data is one of their biggest obstacles. In a recent benchmarking poll, we found that 87% of IP organizations see their data as a significant …

Managed Services for IP Operations

In their pursuit of greater efficiency and cost savings, corporate IP groups are increasingly open to new ways of meeting their operational requirements. These include evaluating internal capabilities such as process reengineering, new organization structures and advanced IPM software systems. Many companies have also begun working more closely with their outside counsel to shift certain ops and admin tasks, such …

Poll: Shadow Docketing: Is It Still Necessary?

In this week’s poll we asked our IP professional benchmarking group (x=258): What type of billing method do you primarily use for outside counsel prep and prosecution work? Using only a traditional hourly-based billing has become much less common, with only 18% reporting this method; similarly a fixed-fee only approach was reported by just 23%. The most common approach, reported …

Poll: What is the Best Way to Support IP Operations?

Corporate IP departments have commonly had a mix of internal IP staff and external legal services. The relative proportion a department adopts can be driven by a number of factors. But for many it is simply a matter of philosophy. Some believe having internal capabilties are critical; while others feel that certain legal and administrative work is more effectively outsourced …

Poll: What is the Most Effective Organization Structure for the IP Function?

Creating the right organization is a critical part of a successful IP function. While companies may have long-established structures, some are re-evaluating what the best organizational model should be in order to meet their company’s IP needs and objectives. In this week’s poll (x=237) we asked our IP professional benchmark group their thoughts on the most effective organization structure for …

Poll: What Billing Method Do You Use for IP?

Managing intellectual property related costs is a top priority for most IP departments. Like other practice areas, the billing methods for intellectual property services have evolved. Corporate IP departments and their outside counsel have become innovative in creating alternative fee structures that provide both budget predictability and fair value for services received. In this week’s poll we asked our IP …

Poll: To What Extent is Your IP Department Paperless?

Intellectual property has always been a document intensive practice. Over the last 10-15 years we have seen IP Departments – along with most legal practices – move towards electronic based correspondences, filings and other work product. Redwells, certified mail and faxes are a thing of the past, replaced by DMS, email and electronic filing systems. However, we find that IP …

A New Model for Trademark Operations

Our recent article published in the World Trademark Review, entitled, A New Model for Trademark Operations, discusses our perspectives on important changes in the management of trademarks. Trademark departments are needing to transform themselves driven by complexity, global risk, cost pressures and human capital requirements. A new model allows for significant cost savings, while being flexible enough to meet each …

Helios Intellectual Property Announces New ORoPO Service

INDUSTRY’S FIRST TURNKEY SERVICE FOR IP OWNERS TO AUDIT, RECORD, AND REGISTER WITH THE OPEN REGISTER OF PATENT OWNERSHIP DATABASE TAMPA, July 23, 2015. Helios Intellectual Property today announced its new service to support the Open Register of Patent Ownership (www.oropo.net), to assist IP owners audit, record and register their patent assignment and ownership formalities to optimize their participation in …