Recognizing McCoy Russell Leadership

On this Boss’s Recognition Day, we want to express our deep appreciation for Sarah, Megan, Hannah  Brian, Katie, Soren, Jennifer, Anna and John. Each of them have shown outstanding leadership and unwavering support to their teams.

Their guidance, dedication, and commitment have been instrumental in McCoy Russell’s continued success. Thank you for being exceptional leaders and mentors.

Their experience, expertise, and efforts inspire us all to excel and grow. We are fortunate to have such strong leadership at McCoy Russell LLP. Happy Boss’s Recognition Day!

McCoy Russell Safeguarding Innovation

In the world of intellectual property, patent prosecution is a pivotal component to safeguarding innovation and intellectual assets. Central to this process is the selection of a skilled patent professional with technical expertise. A proficient team of patent professionals plays a crucial role in patent prosecution, not only bridging the gap between complex technical concepts and patent language, but developing intellectual property strategy that aligns with business goals.

McCoy Russell attorneys, agents, and technical specialists work in concert with a unique combination of technology-focused and prosecution-focused teams to generate integrated strategies for elegant, high-quality patent solutions. The firm continues to garner recognition in high-quality patent application drafting that minimizes the risk of costly rejections, offering precision in patent applications.

While portfolio development is the firm’s bread and butter, McCoy Russell’s practice spans all areas of IP law, including helping clients build strong patent and trademark portfolios, and helping them obtain value through licensing and enforcement of portfolio assets. The firm evaluates infringement risks for new technologies and brands, and help clients conduct due diligence when acquiring intellectual property assets. McCoy Russell represent clients worldwide, ranging from small entrepreneurs to global powerhouses to academic institutions in a wide spectrum of industries. Contact McCoy Russell if you think we can be of assistance.

Patent Quality, What Is It?

Patent quality plays a pivotal role in ensuring the effectiveness and enforceability of patents. A small woman-owned firm garnering recognition for its patent quality, McCoy Russell strives to achieve the highest quality for its client. The post examines the question of patent quality and its significance in the world of intellectual property.

What defines patent quality?
Historically patent quality refers to the measure of the strength, validity, and enforceability of a patent. It encompasses various factors that determine the patent’s legal standing and its ability to withstand challenges in court, as well as to deter competitors without ever actually leading to a dispute. A high-quality patent is one that meets the stringent patentability requirements, possesses clear and precise claims, and demonstrates novelty, inventive step, and industrial applicability.

In recent times, patent quality also factors in prosecution efficiency. Prosecution efficiency considers how many office actions are received and how quickly a given patent application moves through the examination from filing to notice of allowance, while still obtaining protection relevant to the client’s business goals.

McCoy Russell continues to be recognized for its consistency in providing its clients with high quality patent application drafting and efficient prosecution. As an innovative firm at the forefront of thought leadership in patent prosecution strategies, McCoy Russell continues to refine its approach to patent prosecution utilizing proprietary software, via its software arm Ironcrow AI. Through IroncrowAI’s software, the firm leverages analytics like prosecution statistics, art unit predictions, and 101 rejection predictions to provide data driven strategic prosecution strategies reducing costs for its clients. These tools also include drafting and prosecution machine learning aids to automate tedious tasks enabling for high-quality patent application drafting and data drive prosecution strategy.

Understanding the essence of patent quality is essential for inventors, businesses, and stakeholders in the intellectual property ecosystem. By emphasizing patent quality, McCoy Russell helps to foster and develop robust patent portfolios for its clients that encourages innovation, protects inventors’ rights, and drives technological advancement. Contact McCoy Russell if you think we can be of assistance.

2023 AUTM Western Region Meeting

McCoy Russell remains actively engaged with supporting academic, research institutions, and university technology transfer offices and their important work. McCoy Russell attorney Justin Wagner attended the 2023 AUTM Western Region Meeting building and knowledge sharing within the technology transfer field.

Justin moderated a panel discussion on facilitating research collaboration through an innovative initiative called the research infrastructure commons (RIC). Justin also gained valuable insights through panels on strategic partnerships between national laboratories and academic institutions, as well as a session on emerging global IP trends from experts.

AUTM’s Region Meetings are great opportunities for technology transfer professionals to exchange relevant perspectives on navigating partnerships and advancing innovation. McCoy Russell recognizes that technology transfer offices play an integral role in translating academic research into commercially viable patent filings and resulting portfolios.

By participating in events such as the AUTM region meetings, the firm aims to deepen its understanding of the technology transfer process and continue adapting its intellectual property services to provide specific support tailored to the unique challenges presented in academic and research environments pursuing technology commercialization. McCoy Russell looks forward to further opportunities to engage with AUTM and contribute to the movement of research into application.

Navigating the Intellectual Property: Landscape

As a firm dedicated to the development of intellectual property portfolios, McCoy Russell recognizes intellectual property (IP) has become a valuable asset for businesses and individuals alike. As the world becomes increasingly interconnected, analyzing the intellectual property (IP) landscape using various tools and techniques can significantly contribute to building a strong IP portfolio. Below are some ideas to elevate Patent Portfolio Evaluation and Diligence.

Field Awareness: Understanding the IP landscape within a specific field or industry is crucial for identifying potential opportunities and risks. By analyzing existing patents, trademarks, and copyrights in the field, one can gain insights into the level of competition, technological advancements, and emerging trends. This awareness helps in making informed decisions regarding the scope and direction of IP protection.

Spatial Concept Maps: Spatial concept maps visually represent the relationships between different patents or IP assets. By mapping out the connections and interdependencies, one can identify white spaces or areas where there is limited IP protection. This analysis helps in identifying potential areas for innovation and IP development, allowing companies to strategically position themselves in the market.

Assignee Activity: Analyzing assignee activity involves studying the IP portfolios of competitors or other key players in the industry. By understanding the IP strategies of these entities, one can identify potential licensing opportunities, partnerships, or areas where IP infringement may occur. This analysis helps in shaping the IP portfolio to align with the overall business strategy and maximize its value.

Jurisdiction Breakdown: Intellectual property rights are territorial, and their protection varies across different jurisdictions. Analyzing the jurisdiction breakdown of existing IP assets helps in identifying regions where IP protection is strong or weak. This analysis enables companies to prioritize their IP filing strategies, focusing on jurisdictions that offer the most significant commercial potential or where competitors are active.

Trends Over Time: Monitoring IP trends over time provides insights into the evolution of technology, market dynamics, and legal developments. By tracking the growth or decline of specific technologies or industries, one can anticipate future opportunities or threats. This analysis helps in aligning the IP portfolio with emerging trends, ensuring that it remains relevant and valuable in the long run.

Overall, analyzing the IP landscape using field awareness, spatial concept maps, assignee activity, jurisdiction breakdown, and trends over time allows companies to make informed decisions regarding IP protection, identify potential areas for innovation, and strategically position themselves in the market. This comprehensive analysis contributes to building a strong IP portfolio that aligns with the business strategy and maximizes the value of intellectual property assets.

McCoy Russell provides trainings to various organizations about intellectual property from a portfolio based perspective. Contact McCoy Russell if you think we can be of assistance and learn more from “Intellectual Property As Assets: A Portfolio-Based Perspective for Emerging Businesses”.

Navigating Intellectual Property: IP As Assets

Intellectual property (IP) has become a valuable asset for emerging businesses. However, many entrepreneurs fail to recognize the full potential of their IP assets and the strategic advantages they can provide. McCoy Russell explores the concept of IP as an asset from a portfolio-based perspective below with a discussion of how emerging businesses can leverage their IP to drive growth and competitive advantage.

Understanding IP as Assets:
Intellectual property encompasses patents, trademarks, copyrights, and trade secrets, which are intangible assets that can be owned and monetized. Viewing IP as assets means recognizing their value beyond legal protection. IP assets can generate revenue, attract investors, enhance market position, and provide a competitive edge in the marketplace. By understanding the potential of their IP, emerging businesses can unlock new opportunities for growth and sustainability.

Building an IP Portfolio:
Similar to financial investments, building an IP portfolio involves diversification and strategic planning. Emerging businesses should identify and protect their core IP assets while considering the broader market landscape. This includes conducting thorough IP audits, assessing the competitive landscape, and aligning IP strategies with business goals. By developing a well-rounded IP portfolio, businesses can maximize their value and mitigate risks associated with relying on a single IP asset.

Leveraging IP for Competitive Advantage:
IP assets can provide emerging businesses with a distinct competitive advantage. Patents, for instance, can protect novel inventions, granting exclusive rights to commercialize and license the technology. Trademarks can establish brand recognition and customer loyalty, while copyrights safeguard creative works. By strategically leveraging their IP assets, businesses can differentiate themselves from competitors, attract customers, and secure market share.

Monetizing IP Assets:
Monetizing IP assets is a crucial aspect of IP portfolio management. Emerging businesses can explore various avenues to generate revenue from their IP, such as licensing agreements, joint ventures, or selling IP rights. Licensing allows businesses to grant others the right to use their IP in exchange for royalties or fees, providing a steady stream of income without the need for extensive resources. Additionally, IP assets can be used as collateral for securing financing or attracting investors, further fueling business growth.

Protecting and Enforcing IP Rights:
To fully capitalize on their IP assets, emerging businesses must prioritize protecting and enforcing their IP rights. This involves implementing robust IP protection strategies, including filing for patents, registering trademarks, and implementing trade secret protection measures. Regular monitoring of the market for potential infringements is also crucial. In case of infringement, businesses should be prepared to take legal action to safeguard their IP assets and maintain their competitive advantage.

Intellectual property assets hold immense value for emerging businesses, providing a foundation for growth, innovation, and competitive advantage. By adopting a portfolio-based perspective, entrepreneurs can strategically manage their IP assets, diversify their IP portfolio, and leverage their IP for revenue generation and market positioning. Understanding the potential of IP assets and seeking guidance from IP professionals can empower emerging businesses to navigate the complex IP landscape and unlock the full potential of their intangible assets. Contact McCoy Russell LLP if you think we can be of assistance.

International Internships and Exchanges

Over the years, McCoy Russell has supported various internships and exchanges with foreign law firm partners. These initiatives aim to broaden legal horizons, foster global connections, and enhance professional development for aspiring lawyers.

McCoy Russell’s exchange and internship programs provides opportunities allowing participants to gain practical experience in a different patent legal system, understand diverse cultural perspectives, and continue developing the skills for career advancement. This hands-on experience helps them develop a deeper understanding of international law, cross-border interactions, and global legal issues.

Moreover, these programs offer participants the chance to immerse themselves in a different culture, fostering personal growth and broadening their worldview. By living and working in a foreign country, interns and exchange participants gain a deeper appreciation for cultural diversity, adaptability, and intercultural communication skills – all of which are essential in today’s interconnected legal landscape.

The benefits of these internships and exchanges extend beyond the individual participants. McCoy Russell recognizes that by investing in these programs, strengthens international legal cooperation and promotes a harmonized approach to legal practice. McCoy Russell is proud to support internship and exchange programs with foreign law firm partners to open doors to educational and culturally enriching opportunities.

Navigating Intellectual Property: Academic Research to Startups: Insights

McCoy Russell has substantial experience in supporting various start-ups spun-out from academic institutions and universities. Our experience and strategic approach considers the full technology life cycle. In this post, we provide valuable insights into intellectual property and shed light on effective IP strategies for those interested in forming a startup based on our experience over the years.

Startups are often born out of groundbreaking research and innovative ideas. To maximize the value of their IP assets, academic researchers-turned-entrepreneurs should consider the following strategies:

Prioritize IP Protection: Startups should proactively identify their core IP assets and seek appropriate protection. This may involve filing patents, trademarks, or copyrights, depending on the nature of their innovation. Adequate IP protection strengthens a startup’s competitive advantage, enhances its market position, and helps to secure funding.

Conduct Thorough IP Due Diligence: Before launching a startup, it is crucial to conduct comprehensive IP due diligence. This involves assessing the IP landscape to identify potential conflicts, infringement risks, or prior art that may impact the startup’s ability to protect its IP and its freedom to operate. Conducting due diligence early on can help avoid costly legal disputes down the road.

Develop a Robust IP Strategy: Startups should develop a comprehensive IP strategy aligned with their business goals. This includes identifying potential licensing opportunities, monitoring competitors’ IP activities, and establishing internal processes to ensure ongoing IP protection and management.

Leveraging the University-Venture Capitalist Relationship: The University-Venture Capitalist relationship is built on the foundation of shared goals and complementary expertise. VC funding may provide the necessary funding to develop and commercialize IP, bridging the gap between academia and the market. Additionally, they bring valuable expertise in business development, marketing, and scaling, ensuring the IP’s successful transition from the lab to the marketplace.

By understanding the value of IP protection and implementing effective IP strategies, researchers can maximize the value of their innovations that can transition to startups that secure a competitive edge in the market. Stay tuned for the next post in this series that will discuss common mistakes start-up teams make with intellectual property.

Transitioning from academic research to entrepreneurship requires careful consideration of intellectual property rights. Seeking guidance from IP professionals and legal experts can provide invaluable support throughout this journey, ensuring a smooth transition and long-term success. Contact McCoy Russell if you think we can be of assistance.

Protecting AI/ML Innovations, Nurturing Future Technologies

In the midst of this digital revolution, protecting novel innovations and nurturing future technologies have become paramount for companies and inventors alike. The advent of AI-driven algorithms, neural networks, and autonomous systems is re-defining industries ranging from healthcare and finance to transportation and entertainment. However, the journey towards these innovations is not without its challenges, and one of the foremost concerns is protecting the invaluable intellectual property that fuels these innovations.

McCoy Russell has a specialty practice as to protection of AI and machine learning inventions. This specialty practice includes team members who have extensive practice drafting, prosecuting and protecting deep learning inventions. The dynamic nature of AI/ML technologies demands a thorough understanding of how these innovations function and their potential implications across various sectors. The practice leverages the firm’s technical specialists’ backgrounds and experience.

McCoy Russell’s AI and machine learning work extends across a number of broad industries. Drafting and coordinated strategies have been prepared for coverage of developments related to deep learning, neural networks, convolutional networks, network training, adaptive learning, and mapping across a range of fields including image processing, speech processing, automatic controls, diagnostics, machine vision, robotics, virtual reality, blockchain, Internet of Things (IoT), medical data analysis, and other big data analytics, including insurance claim analysis.

Software applications have notoriously faced challenges at the U.S. Patent and Trademark Office due to Alice 101 rejections. McCoy Russell has developed and utilizes a highly successful approach which integrates searching, drafting and prosecution to be successful in overcoming Alice rejections and securing protections for such innovations. Please contact us if we can be of help to you.

Securing Intellectual Property Rights: The Role of Technology Transfer Offices

In the rapidly evolving technological landscape, academic and research institutions play a crucial role in driving innovation and advancing knowledge. Universities, research institutions, and businesses are at the forefront of this innovation, constantly pushing the boundaries of what’s possible. In anticipation for the upcoming AUTM Regional Meeting, McCoy Russell explores the functions, strengths, and the benefits of collaborative approaches to support technology transfer offices (TTOs) in safeguarding intellectual property.

TTOs serve as the bridge between academia and industry, facilitating the commercialization of innovative research and inventions. Their primary responsibility is to protect and manage the intellectual property generated within academic and research institutions. This involves identifying patentable inventions, filing patent applications, negotiating licensing agreements, securing funding and grants, and supporting the transfer of technology to the marketplace.

The strengths of these offices are their expertise, often consisting of professionals well-versed in IP law, business development, and technology transfer. Their expertise ensures that IP is adequately protected and commercialized.

However, with everything on their plates and limited resources, TTO’s can strategically partner with intellectual property firms and other Professionals to efficiently support innovators and entrepreneurs within the institution. Partnering with an external intellectual property firm can provide TTO’s and their innovators with extended technical expertise, resource management, and strategic planning to enable cost effective patent services to maximize the value and impact for the institution.

Further, collaborating with intellectual property firms and other industry professionals, TTO’s can form strategic partnerships. That is, partnerships that not only address legal protection and enforcement support, but that also provide networking opportunities connecting industry professionals with potential partners, suppliers, and customers within the academic and research ecosystem.

McCoy Russell recognizes that collaboration between TTOs, IP firms, and other industry professionals forms a dynamic ecosystem that fosters innovation, drives economic growth, and protects intellectual property. The firm will be present at the upcoming AUTM (Association of University Technology Managers) Western Region Meeting later this month connecting with new and familiar faces, collaborating with TTO’s and other industry professionals helps ensure that innovative research and inventions are protected and successfully commercialized. Together, we can foster a thriving ecosystem of innovation.