Market Your Firm to its Fullest Potential with the New LexisNexis PatentAdvisor® Benchmarking Reports™
Market your firm to its fullest potential to prospective patent clients and earn more business from current patent clients with credible, third-party, objective data. Showcase your areas of expertise with the proprietary LexisNexis PatentAdvisor® Efficiency Score™ and real-time and fully customizable Benchmarking Reports™.
PatentAdvisor™ is a powerful patent analytics tool with the potential to revolutionize your firm’s prosecution practice. The PatentAdvisor service can be used for anything from a quick check into an examiner’s behavior tendencies to deep dives into obscure patent data questions. The newest addition to the PatentAdvisor suite of tools is the exclusive Benchmarking Reports.
Easily and objectively compare prosecution outcomes for law firms and companies with the most accurate and objective prosecution performance metrics available. The all-new, real-time, fully customizable Benchmarking Reports provide reliable comparisons of patent prosecution performance by law firms and corporations.
PatentAdvisor Efficiency Score
The foundation of the Benchmarking Reports is the PatentAdvisor Efficiency Score, a proprietary metric designed to overcome the issue of examiner difficulty variability. All of the metrics previously used to measure corporate and law firm prosecution performance suffer from the same deficiency; they are highly dependent on the difficulty of the assigned examiner. At the extremes, this is obvious and expected. Everyone expects a law firm working primarily on software applications to have a lower allowance rate than one focusing on medical devices. However, examiner behavior can vary drastically even within a single art unit, meaning that a few rounds of bad luck could significantly affect a law firm’s statistics.
This problem applies to all the most popular industry metrics for prosecution performance: allowance rate, time to allowance, number of actions to allowance, percent of cases with a Request for Continued Examination (RCE), etc. But the primary measure of a law firm or corporation’s prosecution performance—allowance rate—has even more problems.
Unlike allowance rate, the PatentAdvisor Efficiency Score is:
- Normalized for examiner difficulty
- Normalized for number of applications
- Not directly penalized for abandonments
Some patent examiners are more difficult than others. We created the PatentAdvisor Efficiency Score to take examiner difficulty out of the equation. We ranked every patented and abandoned application in our system for efficiency, based on different standards for red (difficult), yellow (average) and green (easy) examiners.
Based on their application scores, each law firm and corporation will receive:
- A red examiner score
- A green examiner score
- A yellow examiner score
- An overall score that is a weighted average of their red, green and yellow scores
The score ranges from 0 to 100, with average being 50. Request your firm’s scores.
PatentAdvisor Benchmarking Reports
The Benchmarking Reports allow for two types of comparisons.
- With the outside counsel report, you can easily compare how different law firms are performing for the same company.
- The competitive analysis report enables you to quickly see how different law firms/corporations compare to each other in a particular technology area.
The efficiency chart visualization enables you to easily see how your firm compares to the competition. The most effective and efficient law firms are found in the top right corner. This type of information can make a powerful statement to current or prospective clients and will allow you to market your firm to its fullest potential.
The Benchmarking Reports also include a comparison of the Time to Allowance for any law firm and/or corporation you choose to include in the analysis. This is another way to demonstrate your firm’s achievements to current or prospective clients.
In order to enable you to get to an even deeper level of detail and insight, there are additional charts you can generate based on specific prosecution actions, such as the average number of office actions to issuance and the percent of patented applications with at least one RCE.
To request your firm’s PatentAdvisor Efficiency Score click here.
For an overview and demonstration of Benchmarking Reports, watch the How to Objectively Measure Prosecution Performance With PatentAdvisor Benchmarking Reports™ On-Demand Webinar. To request more information click here or if you are already a customer, log in and see the Benchmarking Reports for yourself.
Get to know your examiner better with more context and a deeper understanding of your examiner’s behavior than ever available before.
With your free trial, you will gain instant access to:
Examiner Search allows you to search by examiner name for a filterable, examiner specific dashboard of patent analytics, including rejection specific statistics, appeal statistics, prosecution statistics, interview statistics, a backlog of RCEs and timeline.
QuickPair easily replaces the USPTO Public PAIR by providing the most robust application details anywhere, including examiner timeline, examiner allowance rate and the average time and number of office actions to allowance.
PatentAdvisor, the first-ever data-driven patent strategy tool, provides a systemic approach to crafting an effective prosecution strategy. Understand why certain patent applications take longer than others to reach allowance—then use that knowledge to devise better patent prosecution strategies.