Core Insights - The research highlights that many companies are not fully leveraging their patent portfolios, leading to significant missed financial opportunities and ongoing costs that could be mitigated through monetization [2][4] - There is a growing trend among companies to adopt proactive patent monetization strategies in response to economic pressures and rising costs associated with maintaining large patent portfolios [2][4] Patent Monetization Trends - Nearly 70% of in-house lawyers indicate that their organizations are more likely to monetize patents today compared to a decade ago, with 73% reporting an increase in revenue from patent monetization over the last 10 years [2][4] - 79% of in-house lawyers believe that more than a quarter of their patent portfolio is underutilized, resulting in lost revenue and reduced market share [4] Strategies and Solutions - Divestiture is emerging as a fast-growing strategy for monetization, with 71% of in-house lawyers having already divested patents or actively exploring divestiture options [4] - Legal finance is increasingly recognized as a tool to de-risk direct enforcement, with 72% of law firm lawyers citing high litigation costs as a barrier to pursuing patent claims [4] Role of Legal Finance - 59% of law firm lawyers report that clients utilize legal finance for patent monetization, while 51% of in-house lawyers are planning or exploring the use of legal finance to support patent enforcement and monetization [4] - The research underscores the potential for legal finance to transform underutilized IP assets into liquidity, enabling companies to prioritize innovation [3][4] Global Market Dynamics - The United States remains the leading market for patent monetization due to robust enforcement mechanisms, while the Unified Patent Court (UPC) is expected to enhance enforcement in Europe, with 74% of in-house lawyers anticipating increased activity in the region [4]
New Burford Capital Research Reveals Significant Opportunities for Businesses through Patent Monetization