According to Robert Half Legal’s 2016 Salary Guide for the Legal Field, Intellectual Property is one of the top five practice areas expected to generate the greatest number of legal jobs in the next two years. Attorneys with experience in these areas are in short supply, leading to intense competition between firms and higher salaries for lawyers. According to the survey, Highly sought-after legal professionals are receiving multiple job offers, counteroffers and, in some cases, signing bonuses. To entice job seekers, employers are enhancing salaries and benefits. They are emphasizing greater work flexibility, training, career advancement opportunities and prized perks, such as a business-casual work environment and the option to telecommute.
A geographically dispersed client base, increasing demand of rapid response interaction and enhancement of USPTO digital communication are forcing IP firms to deviate from their traditional paper-based, manual processes. However, many firms feel apprehensive about going completely paperless, or they are not aware of how to take their practice paperless.
Nearly every week, hack attacks are in the news. Data thieves have gone after banks, health insurance providers, retailers, and even a movie studio, taking personal information, emails, and hundreds of millions of other items of data. The information has been used to commit identity theft, steal money, and publicly humiliate the victims.
Will law firms be the next targets in the headlines?
As all IP professionals know, building and protecting a brand can be an arduous but fruitful endeavor. And formulating a successful brand strategy often incorporates a variety of forms of IP protection. Such comprehensive strategies are especially important when dealing with multi-national brands.
Many innovation-focused projects kick-off in the beginning of a new year. However, successfully implementing process changes across an organization can be difficult. A steady output of innovation is critical to ensuring and maintaining a competitive advantage in any marketplace. But how do The World’s Most Innovative Companies, like our client ARM, become and stay successful innovators?
With an impending storm at our heels, the Northeast and Mid-Atlantic are bracing for Juno - and it may be one for the books. This time, you’re ready. You’ve battled grocery store lines, filled your gas tank, and searched frantically through empty aisles for the last pack of AA batteries. The office building has already announced that it will be closed for the duration of the storm, but business must continue. What is your firm’s continuity plan when disaster strikes?
In an increasingly saturated legal market, it is imperative for law firms to maintain a competitive edge. A recent article by Law Technology News “Technology Curve or Survival Curve?” brings to light the role of technology in advancing the firm ahead of competitors. Utilizing the right technology is key to maximizing ROI, which ultimately yields lower cost due to efficiency while also bringing greater value for the client. Unfortunately, many law firms are often hesitant to make a switch from their current system, due to budgetary, time or process constraints.
Open, sharing, collaborative – these words best describe the atmosphere at the 9th Annual Anaqua User Conference (AUC) that took place in Boston last week. This three day event brought in a record number of Anaqua Clients from all over the world, and was a testament to a cornerstone of what makes Anaqua the strongest IP solution provider – our amazing client community.
We recently hosted a webinar featuring Anthony Greene, a certified Risk Manager for Jamison Risk Services. The webinar focused on how to reduce risks for IP law firms through process improvements and technology. Anthony covered a lot of topics and shared some great advice, but there was one statistic that Anthony shared that was really alarming – 30% of the claims tracked by the American Bar Association Lawyers Professional Liability Study were due to administrative errors, and the average value of those IP liability claims paid by a firm was $322k! That is a hefty penalty for an administrative error!
For an IP professional or manager it is always a difficult challenge to encourage innovation and patent protection strategies while staying within a staffing and operations budget that may not increase at that same rate as that innovation.
We recently published a case study featuring Oil States International, an oilfield services company that managed a small number of patents. When they approached us they had a real challenge – they were asked to take over global IP filings, growing their managed portfolio from 100 patents to 500 patents without increasing staffing or operational costs.