Legal Process Outsourcing (LPO), a forte sector within the Knowledge Process Outsourcing (KPO) space, is attracting international law firms who are outsourcing legal work to India. Within the LPO industry, it is patent outsourcing, which is catching up faster than the rest of LPO jobs. While major firms in the US quote up to $15,000 for preparing and filing a patent application, companies based in India deliver the same work for $2,500-3,500 in India. This allows companies to file additional patents within the same budgets.
India’s participation in the outsourcing market has been exceptional in the last decade. Both, overseas customers and Indian entrepreneurs constantly search for newer areas to render professional and commercial support at reasonable costs with quick turnaround. The Indian involvement in the patent-related market is still in a nascent stage. In my view, it will soon take off – especially since India has many lawyers and even more people in science and engineering streams. A marriage between them will surely support the patent-market.
Patent outsourcing includes literature searches, prior art searches, technology and patentability assessment, infringement, FTO, Ideation, IP Valuation, patent proof reading, patent claim mapping, drafting response to objections by US examiners, preparing/filing/prosecuting trademark applications, infringement studies, other IP litigation, IP asset management, Patent mining and administration.
During the last few years dozens of Indian outsourcing services firms has emerged and most of them are making good business. These firms offer variety of patent related research.
Technology changes rapidly and it is often difficult to keep track of all the trends swirling on the Internet, all the ideas bubbling in academia, and the range of innovations you and your competitors are working on. The outsourcing firms provide sophisticated service to track technology trends, juxtaposing academic research, market data and patent filings information worldwide. Cheers , with an exception help you put together your technology roadmap and identify innovation partners around the world, along with other IP services. IP Landscape Reports are detailed “as is” analysis of an existing technology. These reports cover broad landscape on areas of research and development – such as an entire product category – that are critical to the clients. These reports are based on analysis of several hundreds or even thousands of patents and other unstructured information.