LexisNexis PatentAdvisor® Announces a Revolutionary Metric for Patent Prosecution
HORSHAM, Penn. (PRWEB) March 12, 2018 -- LexisNexis IP today announces a completely new way for patent professionals to easily understand and execute strategy based on patent analytics for more cost-efficient patent prosecution. When PatentAdvisor™ first launched, it heralded a new era that allowed patent professionals to strategically approach patent prosecution with data-driven insights. We are continuing the PatentAdvisor™ heritage of introducing disruptive technology with the launch of PatentAdvisor ETA™.
Superior in predictability to examiner allowance rate, the new examiner time allocation metric through PatentAdvisor ETA is calculated using a proprietary algorithm that takes into consideration the examiner's pending portfolio, how long they have been at the Patent Office, number of office actions written and a number of other factors. PatentAdvisor ETA measures both the likelihood and difficulty of obtaining a patent, to support more strategic patent prosecution and patent portfolio management. Within PatentAdvisor, the examiner time allocation metric is instantly identifiable using a green, yellow or red color coding to quickly designate the ease and timeframe for getting a patent. The predictive metric is available within the Examiner Statistics Dashboard, Guidebook, Examiner and Application Reports, Prosecution Pattern Monitors, various dashboards and visual heat maps.
“Patent professionals with whom I have shared PatentAdvisor ETA have been excited by this break-through metric that is easy to incorporate within their teams’ current prosecution workflow. Currently, practitioners look at an allowance rate of 50% and think they have a 50-50 shot. With examiner time allocation, we can see very different scores which give you a much clearer picture of whether you can expect a protracted or quick prosecution with your examiner. Just like PatentAdvisor, PatentAdvisor ETA will once again disrupt how the industry thinks and acts in patent prosecution.” said Christopher Holt, Vice President, Patent Analytics.
PatentAdvisor ETA is now available to all current subscribers of PatentAdvisor.
Learn more: LexisNexisIP.com/ETA
About LexisNexis IP
LexisNexis IP is the provider of best-in-class information-based solutions and services to meet the broad needs of the global Intellectual Property market. Our customers include the U.S. Patent and Trademark Office, IP-driven companies and law firms across the globe. The corporate culture is driven by a commitment to excellence, innovation, and a strong dedication to its customers, employees and community. LexisNexis IP is a division of Reed Tech, a LexisNexis company. Reed Tech has been recognized as an innovator in the patent arena and has electronically captured and prepared for publication well over half of all U.S. patents ever granted by the U.S. Patent and Trademark Office (USPTO).
About LexisNexis Legal & Professional:
LexisNexis Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.
Elisa Rodgers, LexisNexis IP, http://www.lexisnexisip.com, +1 215.756.6634, [email protected]
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