Content-enabled workflow solutions provider LexisNexis, US, has announced the introduction of an innovative new capability to its LexisNexis PatentOptimizer product. 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.
This capability allows legal professionals to analyse 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 utilised interchangeably across the portfolio. It includes a reporting option that allows for results from specific user-defined search criteria to be downloaded into Microsoft Excel spreadsheets.
PatentOptimizer streamlines patent analysis and helps serve as a critical quality control check when drafting patents, thus mitigating legal risk and improving work efficiency. Moreover, the product 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.
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