Posts Tagged: "Global Market Insights"

The primary factors driving the trend toward increased use of IP outsourcing are cost pressures, efficiency, and staffing. Among law firm respondents, 32 percent said that cost pressures were the primary challenge their IP departments are facing today, followed by 22 percent who cited the need to do more with less, and 15 percent who said they have had a hard time recruiting and onboarding qualified IP staff. Among corporate legal departments, the breakdown was similar, though the demand for increased efficiency in their operation was on par with cost pressure as the primary motivator.