Discover Insights

Add Your Heading Text Here

Strategic Outside Counsel Management

Study makes case for cost-saving patent lapse strategies in auto industry

Study makes case for cost-saving patent lapse strategies in auto industry

Date: January 18, 2023 

The UnitedLex Automotive US Patent Lapse Analysis found that leading automotive brands stand to spend tens of millions of dollars in the next few years to maintain their large patent portfolios at the USPTO alone.  

In William New’s article in IAM, he speaks with Bineet Bhasin about the report’s findings and how IP officers can use data and AI to strategically prune certain assets and drive shareholder value: 

 “The number one thing that chief IP counsel should be concerned about is whether their portfolio is too bloated and too heavy, and whether there are cost saving opportunities,” Bineet Bhasin, vice president, IP strategy and technology, at UnitedLex, tells IAM. “Have they thought about it strategically, in terms of driving cost savings? Because the portfolio is just sitting on the shelf and catching dust, and they could do much more with what they have.” 

Read the full article here: www.iam-media.com

Related Content

Decoding Semiconductor IP Legal Battles: A Focus on the Role of Schematics and Layouts

Semiconductors are vital for driving performance and functionalities in all modern devices that have become integral to our society

Are you leveraging AI in your litigation?

Conduct concurrent first-pass and secondary review workflows, such as issue coding, privilege review and redaction applications, for greater cost savings and faster time to results.

From Code to Court: Role of Source Code in Detecting the FTX Fraud

In the current digital world, where financial transactions are enveloped in layers of code.

What’s behind the screen of an iPhone 15 Pro?

For our engineering team, the most exciting part about Apple releasing the iPhone 15 is doing a teardown of the device.