Horsham, Penn. – April 7, 2016 – LexisNexis IP, today announced the launch of LexisNexis PathWays™, the only software engine that leverages the power of big data to enable patent lawyers to estimate the relative cost and length of time to obtain a patent with predictive analytics.
in addition to its chances of success—all before filing the application. An innovative patent classification engine created to predict the path a patent application is likely to take at the United States Patent & Trademark Office (USPTO), LexisNexis PathWays enables patent lawyers to easily characterize inventions in a way that can lead to more cost-effective applications that can be approved more quickly.
“There is tremendous variability within the USPTO in regards to how each art unit treats applications,” says Chris Holt, Vice President of Patent Analytics at LexisNexis IP. “By understanding the conditions of the art unit environment before beginning the filing process, the application can be drafted so it aligns with the art unit that represents the best fit and gets in front of the examiners who best understand your technology.”
LexisNexis PathWays provides highly accurate predictive analytics on USPTO art units based on the language used in a query, from a single word to an entire draft patent application. By entering a description of the invention into PathWays, patent prosecutors can view graphical word clouds as well as detailed information that characterize the top five art units.
“Predictive analytics has become an increasingly popular technology for use in patent prosecution,” says Holt. “Now it can also aid patent filers in considering the most appropriate art unit.”
By utilizing Cooperative Patent Classification (CPC) and United States Patent Classification (USPC) searches, legal teams can explore alternate drafting ideas in order to re-characterize the application and facilitate a path to a more appropriate art unit, or just use the classification candidates to narrow a prior art search.
LexisNexis PathWays is complementary to a number of solutions comprising the LexisNexis portfolio of IP solutions that enable patent professionals to work most efficiently across the patent workflow, including LexisNexis TotalPatent®, LexisNexis PatentAdvisor® and LexisNexis PatentOptimizer®.