Over the last several years, the rise of analytics has disrupted countless industries, allowing companies to gain true insight into vast amounts of data. Now, patent lawyers are harnessing the power of big data to reshape the landscape of patent prosecution and to better understand the examination process. Patent analytics software is quickly becoming an essential part of any patent practice, influencing how attorneys formulate and adjust their prosecutions strategies to maximize their chance for success.
LexisNexis PatentAdvisor® is on the cutting edge of patent analytics, providing you with a comprehensive platform to manage all of your prosecution needs. Here is three simple ways PatentAdvisor™ can help you enhance your prosecution strategy.
1. Increase Your Understanding of Art Unit Performance
Patent analytics by PatentAdvisor can help you monitor how well applications perform in different art units. Through data visualization tools, you can quickly identify high performing and low performing art units to help you determine how best to allocate firm or departmental resources. You can also dig deeper into specific art units to figure out why they may be underperforming by looking at statistics like allowance rates and office action rates. These statistics can tell you if your application’s prosecution history is in line with the office averages and averages in the art unit. Applications that consistently outpace office and art unit averages may prompt you to reconfigure your prosecution strategy when it comes to handling those specific applications to increase their likelihood of allowance.
2. Change How You Interact With Examiners
Additionally, patent analytics can change how you interact with patent examiners, potentially achieving better results for your application. By viewing past statistics on how your examiner treated similar applications in your art unit, you can gain insight into how to best work with your examiner to increase your application’s likelihood for allowance. The accessibility and organization of examiner data on PatentAdvisor makes it easy to draw new correlations between certain prosecution procedures, like examiner interviews, and allowance rates. Providing you with this type of data allows you to quickly make strategic decisions on whether pursuing a certain course of action with an examiner may be more likely to lead to allowance, and may also lead to new methods for handling challenging art units in the future.
3. Predict the Prosecution Path of Applications
Using patent analytics, you can anticipate how your application will be treated during examination. Prosecution Manager from PatentAdvisor takes all of data collected during the examination process and distills it down into a simple, straightforward guidebook to help you find the shortest timeline to allowance. The information in the guidebook is based on office averages to predict the kind of path your application will take, and can reveal potential hurdles that could surface during examination.
This is just a brief overview of a few of the myriad of ways patent analytics software from PatentAdvisor can benefit your prosecution strategy. Learn more about how you can incorporate analytics into your patent practice.