Patent records worldwide as possible proxy for globalization

For a typical U.S. company, the percentage of patents held outside the country might approximate its percentage of international revenue. Stated differently and with an illustration, if a third of its patents are ex-U.S., then its revenue from overseas might also be expected to be around a third. Companies pay to protect their patents in countries where they sell or manufacture their goods.

If my hunch is correct, international patent holdings could serve as a proxy for global trade. It would not only create a benchmark metric to be compared but would also give some insight into globalization and its effects on law department operations. Additionally, patent-related costs, ranging from lawsuits to headcount to disbursements for annuity fees account for a significant element of law department budgets. Patents also intrude on structure (chief patent officer) and leverage and technology.

We welcome comments

Your email address will not be published. Required fields are marked *