Published on:

A metric proxy for the value of a patent – in how many countries is the patent registered

There is no reliable way to measure a patent’s value. But, according to an article in the Economist, January 5, 2013 at 52, “one can use a rough-and-ready yardstick: in how many places did the inventors seek a patent for the same technology?”


Somewhere the data is available to show that a given patent has been filed for and granted in a given number of countries.  On a parallel track, the more revenue a company gets internationally, the more widespread one would expect its patents to be, which might distort the value proxy.  In the United States, 27% of its inventors seek to patent their ideas abroad; in Europe, 40% do.  Each is a rough indicator of the other although patents may be a forward-looking indicator, since revenue follows.


Some companies routinely register new patents in tiers of countries.  To the degree that companies blanket patent like that, a metric based on value-indicated-by-number-of-countries offers less insight.


Both of these metrics ought to correlate with the percentage of a law department’s lawyers who are based internationally. Thus, when combined, these three metrics ought to point toward an index of globalization.  Any index has the potential for benchmark comparisons.

Posted in:
Published on:

Comments are closed.