Will US patent trolls soon be making their way to the UK?

The rise and rise of patent assertion entities (PAEs) in the US has become so serious that the problem is now being tackled at the highest political levels. To demonstrate its importance to the global economy, on 4 June the White House published a piece on its website entitled ‘Taking on Patent Trolls to Protect American Innovation’.

When speaking of ‘patent trolls’, it was referring to PAEs that acquire patents for the purpose of litigating them aggressively to collect licence and settlement money from parties they say are infringing. A study released by the White House reveals that an extraordinary 62 per cent of all 2012 patent lawsuits in the US are estimated to have been brought by patent trolls. PAEs have operated mostly in the IT and telecoms sphere because lawsuits on these patents have the potential to cause a lot of disruption to businesses with minimal costs risks.

The general rule in the US is that each party bears its own legal costs. The study includes estimates that software patents are nearly five times as likely to be in a lawsuit as chemical patents and business method patents are nearly 14 times as likely…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.  

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer

Overview

5 New Street Square
London
EC4A 3TW
UK
http://www.taylorwessing.com

Turnover (£m): 228.00
No. of lawyers: 860
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)

Jobs