How to be a successful IP firm

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How to be a successful IP firm

It’s the question we are most asked, especially at this time of year: how do we decide our rankings? The implicit question is – of course – how does my firm move up them?

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This week we published the first of three parts of the 2014 IP survey, listing the leading firms for patent work in about 80 jurisdictions. The trade mark results will follow in March, and we will publish copyright tables for some countries in April. Later, we will republish the rankings with detailed commentaries on each firm listed in our annual Handbooks.

For the first time this year, we will also include lists of individual lawyers and attorneys worldwide, IP Stars – we published lists for US states last year. (Read more about the survey, including the methodology which explains how the rankings are compiled in our introduction.)

Meanwhile, our researchers are also compiling our annual Managing IP Awards, which will be presented at dinners in London and Washington DC on March 19 and 25. Look out for the awards shortlists on our dedicated page later this week.

What is the point of all these lists? Above all, we believe that readers find them useful. Intellectual property is a field where expertise counts, especially as IP assets are more highly valued, and businesses and individuals need to know where they can find it. If we can play a small part in helping would-be clients get useful advice, we’ve done our job.

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A second reason is that IP is an important and dynamic area of legal services, and we want to recognise the good work that is done by spreading information. Those of you who have attended our awards dinners will know that we always take time to explain why firms or individuals have won particular accolades. While there isn’t time to go into the same level of detail for all the firms in the rankings, we do set out as much information as we can in the Handbook commentaries.

Undeniably, there is also a third reason, namely that rankings – and the controversy they inevitably provoke – get people talking. We’re all interested in seeing who is up or down; who is in or out. Don’t deny it.

The methodology sets out in detail how we come up with the rankings, and I won’t repeat it here, save to emphasise that the rankings are built on information we obtain from firms, their peers and clients and from public sources (such as IP office and court records). That includes details of new hires, offices, clients and cases as well as feedback on matters such as how efficient, effective, experienced and approachable IP practitioners are.

Information can always be improved, and the market never stands still. We aim to provide a snapshot of the IP market based on what is available to us – but we also recognise that we constantly need more and better information. If you don’t agree with our rankings, or think certain firms should be ranked higher than they are, the best way to achieve that is to help us get that information. We are always ready to listen.

more from across site and SHARED ros bottom lb

More from across our site

Monetisation is standing at the forefront of patent development, and one firm says AI is increasingly being deployed
Data centres are being built across the US, prompting patent disputes, but Texas’s thriving tech industry and patent-ready courts make the state particularly ‘ripe’ for litigation
Carpmaels & Ransford is set to bolster its UK attorney team with the appointment of Simmons & Simmons’s head of IP in the UK
Updates on Nokia’s licensing strides and a surge in patent activity around battery recycling in Australia were also among the top talking points
To mark International Day Against Child Labour, Matteo Amerio at Corsearch says the people inside businesses who can identify counterfeiting risks must be given the tools and authority to act
With genuine equity at IP firms becoming rarer, securing partnership is harder than ever, but increased transparency is also making climbing the ladder more predictable
Yossi Sivan explains how Israeli judgment is a pro-brand owner departure from the norm and why it sends a strong message that corporate structures are not always a shield
Halim Shehadeh, group CEO of IP firm CWB, says that in the rush to discuss what AI can do, IP firms are overlooking the more important question of whether they are ready
Caitlin Heard, who formally joined the firm from CMS last month, says she is excited by the ‘energy’ of the London office
Ranjna Mehta-Dutt, who moved to Chadha & Chadha after 25 years at Remfry & Sagar, says the firm plans to expand its life sciences practice through targeted recruitment and dedicated teams for bigger clients
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