What Patent Prosecution Market Size Means For Cos., Counsel

Law360 (October 14, 2020, 4:28 PM EDT) -- Every year, U.S. and foreign corporations file close to 700,000 U.S. patent applications, and the U.S. Patent and Trademark Office issues around 400,000 patents.[1]

In the U.S. alone, tens of thousands of intellectual property professionals such as attorneys, agents, examiners, paralegals and prior art researchers work as part of this important sector of the economy, which helps fuel more innovation and encourage heavy investment in research and development activities at high-tech, biotech and other sectors of the economy. All of this results in increased productivity.

When we assess all types of intellectual property — patent, trademark, copyright and trade secret —...

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