Posts Tagged: "recession"

Unexpectedly Active IP Legal Market Bucks Recession Trends and Boosts Outlook

At the onset of the U.S. COVID-19 pandemic in early March 2020, the legal community immediately became concerned about its economic prospects. Particularly in the intellectual property (IP) legal community, bad memories from the 2007-2009 mortgage crisis and Great Recession surfaced, and fears of losing clients, billable hours, and jobs mounted. However, due to a variety of factors, the legal market has been unexpectedly resilient and, in many ways, has thrived during these extremely uncertain times.

Preparing Yourself for When the Patent Market Explodes

Pundits I have heard talk about the economy suggest that there is anywhere from $1 trillion to $3 trillion sitting in business bank accounts just waiting for a signal. As that money starts to go online jobs will be created, the economy will look up and consumer confidence will start to rise, all of which are critical to signal a new economic re-invigoration. I sense that 2011 will be a better year than what most are predicting because I see signs that the economy is ready to explode, waiting for good news and reason to no longer fear the unknown.

Recession Not Responsible for Dip in US Patent Filings

In the popular press there have been a number of stories over the last week or so regarding how the US is losing its edge in innovation as indicated by the drop in patent filings between fiscal year 2008 and fiscal year 2009.  The headlines have been sensational at times, claiming that the recession is affecting US innovation.  While such…