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Key Challenges

Rising numbers of domestic and international patent applications present patent counsels with increasing workloads; therefore, maximizing process efficiency is one of the legal function’s biggest challenges to effective patent management.

With limited budgets, the patent counsels are being asked to manage and leverage the constantly increasingly patent portfolio. The difficulties of managing innovations and patents made of several technologies with participation from multiple business units are paramount.

The challenge intensifies, when the portfolios are scattered among several law firms, leaving patent departments with no control over the time and money spent to each case. This hampers the ability to make strategic decisions in critical hours. With increasing management participation and need for accountability, patent counsels need an ability to generate intelligent and accessible information while keeping costs down.

Lecorpio Client Testimonial

Lecorpio Legal Resource Management (LRM) for corporate legal advantage
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Lecorpio believes that effective patent management is a process and not an event. Lecorpio innovation management and patent management application maps each step in your process and automates each administrative task. The system reduces cost and significantly decrease the time dedicated to patent management.

The system ensures that each step in the innovation and patent management process occurs in a timely manner, automatically providing all the background information for quick decision making, forwarding documents as well as drafting and sending e-mails; the system tracks each activity so that information about a patent or the activities of inventors, paralegals, in-house attorneys or outside counsel are immediately accessible.

The system further helps you manage the outside counsel relationships.  By mapping out law firm tasks and allocating low-value-added activities to the automated system, the system reduces costs and accelerate the patenting process.

The system increase the productivity of the patent department by providing collaboration with inventors and law firm attorneys. Many tasks are absorbed in-house without adding extra personnel. By centralizing the entire patent portfolio within the organization, you can rapidly respond to any corporate or tactical issues and spot opportunities to leverage patents for competitive advantage.. The real-time budget management ensures that you are always in control.

 
 
 
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