Patent Analysis Tools for Intellectual Property Counsel

Feb 8, 2022

Patent Analysis Tools for Intellectual Property Counsel
Whether you work as in-house or outside intellectual property counsel, patent portfolio management tends to be an area ripe for improvement. Managing many patent projects and the work of multiple patent professionals is inherently challenging when you don’t have the right tools. Yet, effective management is crucial when it comes to: (1) ensuring patent applications progress smoothly through patent prosecution; (2) addressing patent performance issues; and (3) helping your company or clients outperform the competition.

The LexisNexis PatentAdvisor® patent analytics platform is best known for providing data and insights to help users devise patent prosecution strategies for individual patent applications. However, PatentAdvisor™ tools can also provide analytics for entire patent portfolios. By combining USPTO patent data statistics with proprietary performance metrics, PatentAdvisor can help intellectual property counsel manage their patent filings, patent attorneys and overall strategies more effectively and efficiently.

Patent Application Triage

It can be difficult to decide where and when to allocate resources when managing several patent filings. When evaluating a company’s patent portfolio using the PatentAdvisor platform, intellectual property counsel can easily isolate pending patent applications and then use patent analytics and performance indicators to evaluate the performance of each application. Users can leverage patent analytics to identify which patent applications need the most attention (such as those that have been assigned to exceptionally difficult patent examiners or have been pending for an unreasonable amount of time), as well as which patent applications have become too costly and are no longer worth pursuing.

Learn more by reading Patent Prosecution Analytics: No Longer Just a Nice to Have and watching the on-demand webinar.

PatentAdvisor Heat Map

Intellectual Property Counsel Performance Evaluations

Evaluating patent portfolios using patent analytics is a great way to identify patent prosecution strengths and weaknesses of individual attorneys—or in specific technological fields. Professionals can use patent statistics and performance metrics to sort out poorly performing patent applications from those that are performing well. This insight can help users identify and address performance issues. International property counsel that rely on PatentAdvisor can identify any underperforming outside law firms or patent attorneys and then provide constructive feedback to improve attorney performance. Counsel can also pinpoint technological areas where patent protection has been difficult to obtain. Knowing this can help them develop more effective drafting approaches and decisions throughout the patent process.

Discover how to Compare Counsel and Companies With Patent Analytics with Benchmarking Reports.

Competitive Patent Predictions

Running patent analytics on a competitor’s patent portfolio is a great way to obtain actionable competitive intelligence. Intellectual property counsel PatentAdvisor users can sort a competitor’s active patents based on their expiration to identify which of the competitor’s patent rights will terminate soon. Users can also track patent prosecution events for a competitor’s pending patent applications to determine the likelihood that the competitor’s pending applications will mature into enforceable patent rights. Whether tracking a competitor’s existing patents or pending applications, users can develop business strategies that help to prevent patent infringement.

Learn more about prosecution performance comparisons.

Intellectual property counsel face many challenges that are easier to overcome with patent analytics. From effectively allocating resources in patent prosecution to tracking competitor patent rights, the LexisNexis PatentAdvisor patent analytics platform can help patent professionals extract insights from portfolios that lead to better patent performance.

Watch this on-demand webinar to explore the future of patent prosecution, the role of patent analytics and the evolution of the patent prosecutor.

Learn more about PatentAdvisor.

Get Access to Reliable Examiner Statistics Directly in PAIR and Patent Center

Download the free LexisNexis PatentAdvisor®️ Extension for your browser.

Get it now
PatentAdvisor® Extension

When Patent Applications Linger In Prosecution

Bad things happen when patent applications linger in prosecution for too long. Patent applications tend to get stuck between filing and issuance only when significant obstacles arise. Obstacles, such as office actions issued by the patent office, are costly and can be...
Read More

Pop Culture Patents: The Modern Space Race

The modern space race looks much different than its predecessor. Rather than a battle among government superpowers, the competition to travel even further into space is now being led by the private sector. Innovative, big-dreaming billionaires have taken the reins and...
Read More

A Perspective on Artificial Intelligence Patent Applications

The topic of artificial intelligence (AI) is practically inescapable these days. AI broadly refers to technologies and systems comprised of software or hardware that perform tasks and iteratively improve themselves based on the information they collect. Regardless of...
Read More

What To Do After a Final Office Action

Patent professionals can only argue with their patent examiners for so long before an examiner issues a "final" office action. Fortunately, receiving a final office action does not mean the end of hope for patent applicants. Filing either a Request for Continued...
Read More

NEW: Access Examiner Analytics from the USPTO PAIR and Patent Center Websites

Researchers and consumers expect quick, easy access to information and items via intuitive interfaces. Similarly, software developers constantly grapple with the concept of "friction" when trying to design a pleasant user experience. Simply put, friction is anything...
Read More

Patent Analysis Tools for Intellectual Property Counsel

Whether you work as in-house or outside intellectual property counsel, patent portfolio management tends to be an area ripe for improvement. Managing many patent projects and the work of multiple patent professionals is inherently challenging when you don’t have the...
Read More