How To Measure The Effectiveness Of Your Patent Portfolio

Law360, New York (February 21, 2013, 1:05 PM EST) -- In-house patent counsel are often asked some variation of "what are we getting for the money we are spending on patents?" or "how well are we protected?" The patent counsel's answer should both justify the amount of money spent as well as provide the executive management, investors and shareholders with confidence that the patent portfolio budget is being well spent. By using a metric or metrics that convey how well the company's patent portfolio protects its products and profits, patent counsel can show management the return on the company's patent investment. In addition, such metrics can be used to manage the strategic direction of the patent portfolio over time to more effectively protect the company's assets....

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