In-House intellectual property (IP) attorneys are tasked with a difficult job. They are expected to build an intellectual property portfolio that adds significant value to their company or organization, and with a limited budget. In addition, the in-house counsel is expected to deliver a high quality low cost portfolio while addressing the desires, an IP “wish list” so to speak, from their assigned business units. For example, it is not uncommon for in house counsel to be asked to deliver on ambitious plans to increase patent filings originating from their engineering staff, with a decreasing budget. The in-house intellectual property counsel is therefore faced with the increasingly difficult job of effectively delivering IP services while balancing often contradictory or competing corporate mandates.
A key to successfully delivering in-house IP services is the selection of outside counsel. A critical factor is the experience of the attorneys in an outside firm. For example, can the outside firm really appreciate what it takes to secure and manage intellectual property in-house? How many years of experience do the outside attorneys have? Will a first-year associate be drafting patent applications, or will a more experienced attorney, who is well versed in the art of patent preparation and prosecution, be handling the caseload? Finally, is the outside firm flexible enough to adapt their billing arrangements and procedures to make the life of the in-house IP attorney easier?
Attorneys at OL Patents have served as both in-house and outside intellectual property counsel, and have first-hand experience with these issues. Luis Ortiz has served as in-house counsel with the U.S. Department of Energy, Xerox Corporation and Nortel. Kermit Lopez was in-house intellectual property counsel for Sandia National Laboratories and Ericsson Inc. Luis and Kermit agree that one of the main challenges they faced as in-house attorneys was managing a dynamic patent portfolio that involved securing patent filings within a particular budget.
To this end, OL Patents will meet the IP needs of your in-house intellectual property group by providing more than 60 years or combined experience, competitive rates, and simplified billing. For example, we offer traditional hourly billing, with a not-to-exceed or flat fee option, or complete flat fee patent filing services.
Your in-house intellectual property group can deliver high-quality intellectual property services on budget, by choosing the right outside counsel, like the experienced intellectual property attorneys at OL Patents.