Law360 (May 17, 2019, 2:16 PM EDT) -- A wave of new technologies is hitting the market with a specific focus on solving problems and inefficiencies in the patent procurement pipeline, from invention conception to patent issuance. This growing subset of legaltech has come to be known as "PatentTech.” These new solutions are challenging the status quo of patent practice and becoming increasingly mainstream across the spectrum of law firms and in-house patent departments.
Two analogous technology disruptions in service industries include electronic spreadsheets in accounting and computer-aided drafting in architecture. In both cases, these disruptive technologies resulted in “a net positive for the industry with higher quality, higher...
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