Facts & Figures: IP attorneys escape shrinking demand for legal services

From social media usage to a predicted rise in class actions, an inside look at the numbers that count

Social Survey

Social media use among in-house counsel is at an all-time high, according to the latest installment of the In-House Counsel New Media Engagement Survey, conducted by InsideCounsel, Greentarget and Zeughauster Group. LinkedIn remains the most popular professional networking site, but Wikipedia use was also on the rise. Keep reading for more survey results:

Climbing Class Actions

In-Demand IP

The year isn’t getting off to a stellar start for most law firm lawyers. A new report from the Peer Monitor Index reveals that in the first quarter of 2013 the overall demand for legal services from law firms fell, along with the demand for most major practice areas. The one exception? Intellectual property specialists found themselves in high demand, likely owing to the U.S. Patent and Trademark Office’s recent switch from a first-to-invent to a first-to-file patent system.

Trademark Tips

If your company is seeking to win trademark approval, it would be well-advised to hire a trademark attorney, a new study by the University of North Carolina Law School suggests. Although many large companies such as McDonald’s Corp. and Xerox Corp. succeeded without counsel—perhaps because they most likely have access to in-house or outside counsel prior to filing their applications—most applicants were more likely to win approval if they engaged the services of a trademark attorney, particularly an experienced one.

Merger Madness

The Obama administration has gained a reputation—fairly or unfairly—for being tough on big mergers and acquisitions. And indeed, the number of government challenges to M&As rose during the 2012 fiscal year, according to a recent joint report from the Federal Trade Commission and the Department of Justice’s Antitrust Division. Although companies submitted fewer deals for antitrust review in FY 2012 than they did in the 2007 fiscal year, the number of deals was up significantly from the economically challenging 2009 fiscal year.

Alanna Byrne

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