Sterne Kessler Achieves "Gold Standard" in Patent Quality
Sterne Kessler's patent prosecution practice has been rated "Tier One" in a 2015 Managing Intellectual Property survey. The firm has also been ranked in the top 10 for patent quality in the U.S. in a survey published in IAM magazine.
Sterne, Kessler, Goldstein & Fox is once again highlighted in the 2015 edition of Managing Intellectual Property magazine’s annual Patent Survey – a ranking of leading patent firms by Managing IP's research team. Sterne, Kessler, Goldstein & Fox is featured with a "Tier One" ranking in the United States for Patent Prosecution, PTAB Litigation, and Bio Life Sciences.
Managing IP wrote, "in terms of quality, the firm's prosecution practice – much of which involves design patents – is generally regarded as second to none." The magazine went on to say, "they really figure out all the angles, figure it out the right way, and take advantage."
In addition to this recognition, Sterne Kessler consistently ranks in the Top Ten for patent quality in the United States according to surveys conducted by Ocean Tomo and published in Intellectual Asset Management magazine. Sterne Kessler has been ranked as a top ten law firm for patent quality across industry categories including industrials, information technology and consumer electronics. 2015 marks the sixth consecutive year that Sterne Kessler has been featured in Intellectual Asset Management’s top 10 for patent quality in the U.S.
Ocean Tomo points out that quality can be defined and measured by the actions of patent holders in their decisions to maintain patents they consider to have value and abandon patents they believe have little or no value.
This survey used a detailed system for determining the value of a patent, based on a large number of factors that have been shown to correlate directly with a company's decision to invest in a patent by paying periodic maintenance fees to hold onto the patent rights in order to determine if the patent is worth maintaining or should instead be abandoned.
By examining the features of patents that were previously renewed versus those that were abandoned, this survey assesses the quality and likely value of current in-force patents. But not all patents have value. In reality, about 57% of all U.S. patents are abandoned before the end of their terms. This means that those patents which a company chooses to renew are likely to be the most valuable and of the highest quality.