High-Stakes IP Work Continues Its Steady Climb, GCs Say

By Linda Chiem (September 9, 2013, 1:52 PM EDT) -- Companies are expected to spend more money on high-stakes intellectual property litigation in 2014, demonstrating the strength of that segment as it withstands the overall decline in litigation spending, according to a new survey of corporate counsel.

Spending on IP litigation — involving patent infringement and licensing, trade secrets, trademark prosecution and procurement and copyright protection — is expected to grow by 2.8 percent, to hit approximately $3 billion in 2014, making it one of the fastest-growing practices in the legal market, according to The BTI Consulting Group Inc.'s Litigation Outlook report for 2014.

In fact, that 2.8 percent growth in...

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