Reduce Patent Costs - Corporations with multiple patents
Corporations with multiple patents managed by multiple law firms can reduce costs and improve administration with the Baker Hostetler Patent Portfolio Consolidation Solution.

Problem: A multinational client had thousands of patents worldwide and several law firms managing its patents. Many of the company's operating units engaged legal counsel to manage patents originating from that operating unit. The company knew that costs and efficiency related to multiple firms could be significantly improved.

Baker Hostetler offered the solution.

Solution: Working with the client's corporate offices and business units, Baker Hostetler developed a plan to use our software technology and considerable patent experience to consolidate all of the company's patents into one portfolio.

We developed an implementation plan that included the business unit managers in the consolidation process, demonstrating the cost and efficiency advantages to the business units as well as the corporation as a whole.

Result: We worked with the company to notify its previous patent law firms of the consolidation plan and to take over management of the entire portfolio on an incremental basis over several months. The new plan reduced the company's patent costs, particularly in the area of foreign annuities and administrative efficiency. With the consolidated portfolio we were much better able to determine which foreign patents were no longer necessary and which associated annuity costs could be eliminated.

In addition to the savings, our collaboration with the client on this project enabled us to further advance our online patent portfolio management. We provide real time "big picture" information for management, supplemented with in-depth, patent-by-patent data for fast and accurate administration.

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