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Intellectual Property Law Departments indicate growth of patenting activities and budget increase
According to ipPerformance Group Intellectual Property Law Department Report
“With the economy improving and the increase in R&D investments, companies are increasing the number of intellectual property attorneys and support staff. The survey results show more than 25% of companies have hired at least one new attorney,” says Robert Williamson, president at ipPerformance Group.
Among the findings that emerged from this research are the following:
· 66% of companies indicate an increase in the number of invention disclosures received in 2013. Whereas 52% of companies indicate an increase in the number of number of priority patent applications filed in 2013.
· The top drivers of patenting growth are management pressure and goal to increase patenting.
· Law firm fees accounted for the highest proportion of the patent operation budget. Compared to 2011, companies reported the median law firm expenses increased from 35% to 39%.
Fifty-two (52) companies representing a variety of industries participated in this comprehensive study, including Praxair, Sasol Limited, FrieslandCampina, Flextronics, Deere & Company, Adobe, USG, Sun Chemical, NOVA Chemicals, Symantec, Zebra Technologies, Freescale Semiconductor, Electrolux, ArjoHuntleigh, Micro Encoder, Nike, Bombardier Aerospace, Green Mountain Coffee Roasters, Institut Straumann AG and Sisecam.
A full report of the survey findings is available at ipPerformance Group’s website, http://www.ipperform.com//
The ipPerformance Intellectual Property Law Department study (http://ipperform.com/
Other intellectual property asset management research topics include intellectual property management strategy and performance metrics; litigation and enforcement;
About ipPerformance Group
ipPerformance Group, Inc. (www.ipperform.com)
ipPerformance Research conducts extensive benchmarks focused on intellectual property operations best practices. This research has enabled corporate leaders throughout the world to measure performance and identify improvement opportunities.
Robert Williamson, ipPerformance Group, Inc.
2135 CityGate Lane, Suite 300
Naperville, IL 60563
Phone 630 216 9673