Owning it: New businesses and increased R&D spending will bolster demand for industry services

Trademark and patent lawyers and attorneys ensure that a company's nontangible assets remain solely its own. Demand for litigation services has boomed over the past five years, thanks to improved research and development expenditure enabling the number of innovative, trademarked products to grow. Over the next five years, a growing number of new businesses will continue to increase the number of patents and trademarks that require industry services; however, in-house intellectual property teams may siphon demand...read more.

Industry Statistics & Market Size
Revenue
$19bn
Annual Growth 12-17
2.6%
Forecast Growth 17-22
Profit
Employment
58,447
Businesses
10,493
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Industry firms will continue to experience demand for their services, particularly in cases that go to litigation
  • The ambiguity of software patents has led to a new class of patent litigators
  • The legal landscape has become more difficult for patent assertion entities
  • Industry Report - Industry Investment Chapter

    This industry has a low level of capital intensity. IBISWorld estimates that for every dollar spent on wages, only $0.02 is invested in capital. The industry, like other legal services, is labor intensive, and much of that labor is highly skilled and highly paid. Additionally, trademark and patent lawyers often hire support staff for research, filing, documenting and ad hoc duties. All of these factors contribute to the industry's high wage costs.Most ongoing capital expenses are related to the upgrade and maintenance of office and computer equipment, including specialized software packages and communications equipment. Whi...purchase to read more.

    Additional Insights for the Trademark & Patent Lawyers & Attorneys Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Trademark & Patent Lawyers & Attorneys Industry are

  • Ability to effectively communicate and negotiate
  • Having a good reputation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Corporate profit in the Trademark & Patent Lawyers & Attorneys industry impact industry performance..

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    What is the Trademark & Patent Lawyers & Attorneys Industry?

    This industry comprises legal practitioners, known as lawyers and attorneys, who engage in patent, copyright and trademark due diligence, filing and litigation. This industry does not include intellectual property licensing services and brokers.

    Industry Products
  • Patent services
  • Trademark services
  • Copyright services
  • Litigation
  • Industry Activities
  • Trademark clearance search, application and renewal services
  • Patent novelty search, application and renewal services
  • Patent application and renewal services
  • Trademark-related litigation services
  • Patent-related litigation services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Corporate profit
  • Investor uncertainty
  • Number of businesses
  • Demand from biotechnology

  • Current Performance
  • Increased litigation
  • Troll toll
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Slowing demand
  • Company insourcing
  • Industry structure
  • Table: Trademark & Patent Lawyers & Attorneys Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Trademark & Patent Lawyers & Attorneys Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Brand Name Pharmaceutical Manufacturing
  • Cosmetic & Beauty Products Manufacturing
  • Computer Manufacturing
  • Medical Device Manufacturing
  • Information
  • Biotechnology

  • Key Selling Industries
  • Commercial Leasing
  • Computer Stores
  • Furniture Stores
  • Office Supply Stores

  • Products & Services
  • Patent services
  • Litigation
  • Trademark services
  • Copyright services
  • Chart: Trademark & Patent Lawyers & Attorneys Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Healthcare
  • Computer hardware and software
  • Consumer products manufacturers
  • Telecommunications
  • Industrial and chemicals
  • Other
  • Chart: Major Market Segmentation for the Trademark & Patent Lawyers & Attorneys Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Trademark & Patent Lawyers & Attorneys

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Trademark & Patent Lawyers & Attorneys Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Trademark & Patent Lawyers & Attorneys Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Trademark & Patent Lawyers & Attorneys Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Research and development expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Copyright
  • The exclusive legal right to reproduce, publish, sell, or distribute the matter and form of something.
  • Intellectual Property
  • Legally exclusive rights to works derived from the mind.
  • Patent
  • An official document that gives a person or company the right to be the only one that makes or sells a product for a certain period of time.
  • Patent Assertion Entity (Pae)
  • An individual or company that holds the rights to a patent it does not manufacture or service. Also commonly referred to as a patent troll.
  • Trademark
  • Something (such as a word or symbol) that identifies a particular company's product and cannot be used by another company without permission.
  • Why buy this report?

    IBISWorld’s Trademark & Patent Lawyers & Attorneys Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Trademark & Patent Lawyers & Attorneys:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Trademark & Patent Lawyers & Attorneys market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Trademark & Patent Lawyers & Attorneys, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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