Legal process outsourcing (LPO), a strong sector within the knowledge process outsourcing (KPO) space, is attracting international law firms that outsource legal work to India. Within the LPO industry, there is patent outsourcing, which is catching up faster than the rest of the LPO jobs. While major US companies quote up to $15,000 to prepare and file a patent application, companies based in India deliver the same job for $2,500-3,500 in India. This allows companies to file additional patents within the same budgets.
India’s share of the outsourcing market has been exceptional in the last decade. Overseas clients and Indian businessmen alike are constantly looking for new areas to provide professional and business support at reasonable costs with quick response. India’s participation in the patent-related market is still in its infancy. In my opinion, it will soon take off, especially as India has many lawyers and even more people in the 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 evaluation, infringement, FTO, ideation, IP valuation, patent proof reading, patent claim mapping, drafting responses to patent objections. US examiners, preparing/filing/prosecuting trademark applications, infringement studies, other IP litigation, IP asset management, mining and patent administration.
Dozens of Indian outsourcing service companies have sprung up over the last few years and most of them are doing good business. These companies offer a variety of patent-related research.
Technology changes rapidly, and it’s often difficult to keep track of all the trends whirling on the Internet, all the ideas emerging in academia, and the range of innovations you and your competitors are working on. Outsourcing companies provide a sophisticated service to track technology trends, juxtaposing academic research, market data, and information on patent applications from around the world. Greetings, with one exception that will help you build your technology roadmap and identify innovation partners around the world, along with other IP services. IP Landscape reports are detailed “as is” analyzes of an existing technology. These reports cover a broad landscape of research and development areas, including an entire category of products, that are critical to customers. These reports are based on the analysis of several hundred or even thousands of patents and other unstructured information.