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Press Release: Support for Women Inventors

PORTLAND, OR, May 22, 2019 //

Funding continues to lag for women entrepreneurs in Biotechnology.  As the largest women-owned intellectual property IP firm in the US*, McCoy Russell LLP has been closely watching the participation of women as inventors.  The ability to protect innovation through patents is a key driver to obtaining funding, and statistics show that a significant gender gap still exists in both funding and inventorship even though the biotechnology industry has increased the number of women scientists.

The average women inventorship rate in the US is approximately 13% with Oregon ranking in the bottom one-third of US states.[1]  In the last decade, only 20% of inventors on patents assigned to universities and hospitals and only 15% of inventors on patents granted to public research organizations were women.  In addition, even when these applications are filed, data shows that USPTO examiners treat women inventors more harshly.  A Yale study shows that women inventors had an 8.2% lower chance of obtaining a US patent where the names were clearly indicative of gender.[2]

While funding opportunities also remain scarce (45% less funding per Boston Consulting Group), investors supporting women entrepreneurs have found a higher average ROI (10% higher).[3]

It is in this light that McCoy Russell has developed approaches to support organizations in enhancing women participation at all levels, including in brainstorming, invention submission, etc.  Because diversity leads to increased innovation[4], organizations can received significant valuation benefits in their portfolios.

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McCoy Russell LLP is a nationally ranked boutique, woman-owned, intellectual property law firm headquartered in Portland, Oregon and focused on the prosecution and development of patent and trademark portfolios. www.mccrus.com info@mccrus.com 

* Based on the number of issued US patents in 2018, with McCoy Russell having 771 issued US patents.  The next closest firm was at 266 for 2018.  It is noted that in the top three women owned IP firms, only McCoy Russell has more than 4 women patent practitioners.

 

[1] Progress and Potential: A Profile of Women Inventors on U.S. Patents. USPTO Office of the Chief Economist, Feb. 2019, www.uspto.gov/sites/default/files/documents/Progress-and-Potential.pdf.

[2] Jensen, Kyle, et al. “Gender Differences in Obtaining and Maintaining Patent Rights.” Nature News, Nature Publishing Group, 5 Apr. 2018, www.nature.com/articles/nbt.4120.

[3] Abouzahr, Katie, et al. “Why Women-Owned Startups Are a Better Bet.” Boston Consulting Group, 6 June 2018, www.bcg.com/publications/2018/why-women-owned-startups-are-better-bet.aspx.

[4] Lorenzo, Rocio, et al. “How Diverse Leadership Teams Boost Innovation.” Https://Www.bcg.com, 23 Jan. 2018, www.bcg.com/en-us/publications/2018/how-diverse-leadership-teams-boost-innovation.aspx.

McCoy Russell Ranked Firm in Oregon

MCCoy Russell has been included as a Ranked Firm in Oregon in the 2019/2020 edition of IP Stars USA.

IP Stars covers over 130 jurisdictions, including the most active for IP protection, exploitation and enforcement. Our research is carried out over a six-month period by a team of global researchers based in our offices in London, New York and Hong Kong. Each edition of IP Stars is the result of over 5,300 surveys being conducted with IP professionals

McCoy Russell Expanding Biotechnology Practice

PORTLAND, OR, May. 6, 2019/ –McCoy Russell LLP, the largest women-owned IP firm in the country*, is expanding its significant biotechnology practice.  We have a strong group of legal and technology professionals with significant research and experience in the biotechnology field including Ph. D. backgrounds in Genetics, Biochemistry, Physiology and Pharmacology, Neuroscience, Bioengineering, and others. While the market for biotechnology innovation is tightening, we are finding that our top tier ranking in patent preparation and prosecution is making an impact in the community.

As active members in the biotechnology community, we recognize a growing need for forward-thinking patent counsel in the biotech field.  Our team of experienced attorneys, practiced agents, and expert staff dedicate themselves to responsiveness, building relationships, and providing unique expertise.   What sets us apart is our collaborative approach that results in unmatched quality, efficiency, and effectiveness.

* Based on the number of issued patents in 2018

Chinese Patent Prosecution Win

McCoy Russell’s Chinese Patent Prosecution team won another revocation of an improper rejection by the Chinese Patent Office. Our team led the appeal to the Reexamination Board that obtained a decision revoking all rejections and the previous Substantive Examination Department of CNIPA will restore the examination procedure consequently based on the Reexamination Decision . The case is Chinese Patent Application No. 201310049770.0, relating to automotive systems.

Anna McCoy Ranked in Chambers USA 2019

B. Anna McCoy has recently been announced as ranked Band 3 by Chambers USA 2019.

It is noted that, Anna McCoy wins recognition as a notable player in the field and is described by sources as an “extremely sharp practitioner who “does very innovative work.” She regularly advises on patent and trademark matters arising in the technology sector.

Patent & Trademarks – Law Firm of the Year USA

McCoy Russell has been announced as a winner of a 2019 Finance Monthly Legal Award in the category Patent & Trademarks – Law Firm of the Year – USA.

Award winners were chosen by the readership of Finance Monthly and their judging panel. Awards are divided into individual and firm categories. Each category was selected to represent the diversity of skills and knowledge that the profession has to offer clients across the globe.

2019 Women of Influence – Anna McCoy

Firm founding partner, Anna McCoy has been featured in the April 2019 edition of the Portland Business Journal as a nominee of the 2019 Women of Influence.

Anna’s nomination was based on her recognition as one of Oregon’s best intellectual property lawyers year after year for her work on trademark and patent law. Along with her being incredibly dedicated to all her clients, both small and large, ensuring each case is treated with her unique hands on approach.

Anna participates within her community in many ways. She is on the board of directors for VertueLab which is a local organization which partners with investors and innovators to create clean technology. As well as being a founding partner of the firm which is a certified Woman Owned Small Business. She has spoken at women in law and technology events, as well as  mentoring up and coming students from her alma mater Lewis and Clark Law School.

Chinese Patent Prosecution Reexamination Win

McCoy Russell’s Chinese Patent Prosecution team won another revocation of an improper rejection by the Chinese Patent Office. Our team led the appeal to the Reexamination Board that obtained a decision revoking all rejections and indicating that the application would continue to be examined by the original examination department. The case is Chinese Patent Application No. 201480064221.3, relating to lighting systems and controls.

Portland’s Most Diverse Law Firms

We are proud to announce our ranking as #12 on Portland Business Journal’s list for Portland’s Most Diverse Law Firms. With 67% of our attorneys being women, 50% of our partners being women, and 67% of our overall staff being women.

At McCoy Russell, we know that innovation thrives when diverse approaches and philosophies are nurtured in the workplace. We view diversity as one of our 5 key value pillars with a focus on incorporating diverse viewpoints, approaches, and experiences and integrating those ideologies into our intellectual property work. To that end, we are dedicated to maintaining a staff comprised of employees from a variety of educational, cultural, and employment backgrounds.