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Technology Potency: Patent Citation Refinements for Merger and Acquisition or Joint Venture Analysis
The real value of a possible acquisition or joint venture partner is often in the potential of their next invention. As advisers, patent managers, and intellectual asset strategists, it is critical that the methodology and tools used for assessing patent quality accurately reflect a would-be ally's technological potency.
Recent studies have drawn positive correlations between the increasing or decreasing quality of a company's patent estate and its stock market value. Lanjouw and Schankerman, Economic Journal, 114 (April), pp. 441-465. Patent quality, in the broadest sense, is most often tied to the frequency a patent is cited by other patents. Hall, Jaffe, and Trajtenberg, Royal Journal of Economics, Jan. 2004. One study correlating market value with forward citations found that patents valued at $1 million received an average of about eight citations, while patents valued at $100 million received an average of about 14. Harhoff, Narin, Scherer, and Vopel, Review of Economics & Statistics, Vol. 81, Issue 3, August 1999, p. 511.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
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Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.