Many initiatives have been implemented in recent years to address application backlog and speed up the patent examination process, including Track One examination, Accelerated Examination (AE), Full First Action Interview Pilot Program, Patent Prosecution Highway (PPH), and IP prosecution.
Without a doubt, these accelerated programs enhance the patent prosecution services; but, they are also responsible for increasing the expense of prosecution. For example, Track 1 costs an extra $4,000 in your client’s figurative pocket to get a patent judgment in 12 months.
But, what if you could save him 3.5 years? You can advise him that this particular art unit takes an average of 4.5 years to make a choice and that paying $4,000 for 12 months of evaluation may be the best investment or at least an option.
Having access to such information can help you stand out from the crowd. It contributes to a positive client experience. You may have additional knowledge that you may provide to your customer to help them build a better approach in a few situations. For example, if you have a series C investment coming up, it could be a bright idea to spend the extra cash to get that patent approved.
When the prospects of filing patents are not evident, competent prosecution can assist in identifying them.
The distinction between traditional and latest patent prosecution is the same as the difference between just finishing a task and accomplishing it so effectively that you stand out from others who are doing the same thing.
Many people and businesses believe that completing a task in a specific way would propel them to the top. Bringing something extraordinary to that task, on the other hand, is what makes you stand out from the crowd and pushes you to the top.
Let’s look at how you can set yourself apart/differentiate your service to take advantage of previously untapped chances.
Examiner Analytics platforms of top patent prosecution firms can help you build a smart strategy with the help of patent prosecution specialists. They allow you to maximize your chances of success and create an intelligent prosecution strategy tailor-made for any situation.
1. Comparative Statistics of Attorney Law firms
Comparative statistics might also assist you in saving your clients time and money. It’s a two-step procedure.
In the first phase, you can use Examiner Analytics to compare and benchmark yourself against the statistics of other law offices. Fitzpatrick Cella Harper & Scinto and Sughrue Mion PLLC, for example, have a grant rate of 89 percent, which is significantly greater than Laitram LLC.
The next step is to try to figure out what method these legal firms, such as Laitram LLC in this case, are using and incorporate it into your own to improve your chances of success.
2. Compare Statistics of Different Art Units
You may compare the statistics of different Group Art Units similarly. For example, an application to the art unit GAU 3763 takes an average of 3.3 years to be granted.
The average grant time for GAU 3764, on the other hand, is 2.6 years. Knowing these numbers can make a big difference in developing a prosecution strategy that saves time and money by litigating a patent in one art unit rather than another.
Aside from that, our Examiner Analytics platform has a plethora of other intriguing studies. Every analysis also includes an interactive graph with examiner, GAU, attorney legal firm, and assignees.
These data patterns are critical not only for getting a competitive advantage but also for presenting to clients your unique selling features. Examiner patterns, for example, can be used to manage prospects.
● Prepare a budget based on an examiner’s predicted conduct.
● Analyze the portfolios of your most important clients to find out who their overpriced lawyer is.
● Analyze your company’s application portfolio and determine where you’re most productive.
● Examine the portfolios of other law firms in your area.
● Make a plan for how you’ll allocate your resources.
● Make a list of possible expansion clients.
● Identify how the inventive concept has been drawn into sub-ideas.
● Check the non-conventional companies that are filing in the invention domain.
● Identify the merger of the field of the invention with other technology domains.
Examiner Analysis proximity data trends can help set client expectations, which can be difficult for experienced prosecutors.
Knowing these trends will enable you to enhance your clients’ experience to new heights. And we know that, like us, creating an outstanding customer experience is one of your top objectives.