Many clients fail to recognize that three things are required to value patents. First, you must understand the technology. Second, you must grasp two separate prongs of patent law – patent strength and patent economics. Third, you need to know business.
Some firms answer the call with one or two of the requirements. We answer with all three.
Technology. Our lawyers have dissected more than 1000 patents over the course of their careers, in a wide range of technologies and contexts. We are all inventors, enjoy and know technology, and when we find something we don’t know, we roll up our sleeves and dive in and learn it.
Law. We have handled more than 100 patent cases as lawyers — more than 100,000 hours. Our lawyers have been counsel of choice for the Fortune 100 for more than a decade, handling their most important and perplexing cases. Our founder’s roots go deep, back to working as law clerk for the Honorable Giles S. Rich, co-author of the modern patent statute. We have also handled some of the most important patent damage law cases over the last decade, spending more than 10,000 hours focused on that issue alone.
Business. We have a clear grasp of the business side of the equation. Our founder was a member of TEC for many years, a professional development group for CEOs, presidents, and business owners. We know the language and practicalities of selling, licensing, and transacting business with companies.
We know through firsthand experience what purchasers look for, and avoid. We know the tactics and types of arguments that potential licensees and infringers use to try to knock down the value of patents. We have sat on the proverbial “hot seat” as investors and the nation’s leading venture capitalists grilled us about our clients’ patents, portfolios, and presentations to determine whether they were worth the investment. And we have worked on the flip-side, so we know how to spot and fix potential problems to shore-up patent value.
Alongside traditional methods, we use a variety of proprietary approaches and technologies to value patents. We have made big investments to streamline valuation — reducing typical valuation time by more than 80%.