Naperville, IL, January 25, 2014 --(PR.com
)-- According to ipPerformance Group Intellectual Property Law Department Report
ipPerformance Group, a leader in benchmarking corporate intellectual property law and management operations announces the release of its Intellectual Property Law Department study. The findings indicate that in 2012 and 2013 companies were driving up the number of invention idea submissions, while maintaining the same number of patent filings. This finding suggest that companies are encouraging innovation, but increasing their scrutiny and filing for patent protection on the most valuable inventions. This increase in invention activity is coupled with an increase in intellectual property personnel and budget.
“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//benchmark-reports.php.
The ipPerformance Intellectual Property Law Department study is unique in its focus and depth of investigation of the distinct characteristics of the corporate intellectual property legal practice. The study includes comprehensive information on legal spending and staffing, organizational structure, compensation practices, domestic and international patent filing strategies, attorney workload, performance metrics used to evaluate the patent department and individual attorneys, key performance indicators, patent attorney responsibilities and factors causing increase of patenting.
Other intellectual property asset management research topics include intellectual property management strategy and performance metrics; litigation and enforcement; training and education; open innovation; open source governance; patent analytics; intellectual property department operations; trademark strategies and practices; and licensing management.
About ipPerformance Group
ipPerformance Group, Inc. (www.ipperform.com) is the world leader in providing “fact-driven” intellectual property (IP) advisory services and IP best practices research. Drawing on the knowledge of over 450 intellectual property management benchmarks of the Global 2000 companies, we help corporations measurably enhance business value, manage risk and solve complex yet common intellectual property business problems that drive performance in an IP–driven world. Our strategy services experts help clients assess their intellectual property management process, performance and personnel against peers and best practices to effectuate a strategically business aligned program. Our technology solutions services experts help clients effectively adopt and integrate proven management and analysis software into their organization to enhance productivity and decision-making.
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