New Analytic Capability from LexisNexis PatentOptimizer Uncovers Insights across Patent Portfolios
Innovative technology enables faster, more complete assessments for IP professionals
London, October 11, 2010 - LexisNexis, a leading global provider of content-enabled workflow solutions, today announced the introduction of an innovative new capability to its LexisNexis® PatentOptimizer™ product that provides attorneys and in-house counsel with the ability to quickly obtain deep insight into important common threads in patent portfolios or answer sets.
The new PatentOptimizer Analytics tool allows customers to rapidly identify detailed aspects of entire patent portfolios to uncover critical data intersections, hidden trends, aggregate parts and elements nomenclature, and ranked language variations, among other criteria.
These capabilities help legal professionals analyze specific clusters of patent records at a detailed level, enabling them to prospect for new business, identify prolific players and language trends, compare portfolios at a very detailed level, and establish conceptual baselines for real-world prosecution and litigation.
The new tool also empowers users to perform substantive statistical analysis of the claims contained in a large patent portfolio - including FTO (Freedom to Operate) Analysis - and locate specific real world synonyms utilized interchangeably across the portfolio. The tool includes a reporting option that allows for results from specific user-defined search criteria to be downloaded into Microsoft® Excel® spreadsheets.
"The new PatentOptimizer Analytics tool helps users uncover competitive insights for a given area of art, law firm or corporation that were previously unavailable," said Peter Vanderheyden, vice president and managing director of Global Intellectual Property at LexisNexis. "Ultimately, this means faster, more complete and sound decision making for users as they consider the best course of action for their IP issues and an overall improvement in practice efficiency."
PatentOptimizer assists attorneys in developing consistent, concise and well-tailored patent applications. The product streamlines patent analysis and helps serve as a critical quality control check when drafting patents, thus mitigating legal risk and improving work efficiency. Moreover, PatentOptimizer allows users to create comprehensive reports that identify claim issues for both business and litigation decisions, and assist them in making more informed decisions regarding the management of their intellectual property.
Late last year, LexisNexis introduced semantic search technology for use with PatentOptimizer. Semantic search, developed in alliance with Dallas-based PureDiscovery™, sets a new standard in online patent research. Semantic technology helps researchers discover additional related concepts to consider in the course of their patent searching, while providing them with clearer visibility and greater control over the process.
LexisNexis® is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK], LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.
In the UK, LexisNexis online legal solutions include: Lexis®PSL, Lexis®Check and Lexis®Library - named Online Product of the Year at the Legal Technology Awards. Published resources include both Butterworths and Tolley. LexisNexis provides the most comprehensive source of legal and tax commentary in the UK.