A new white paper released by First To File® (FTF), a leader in web-based intellectual property “IP” management technology, entitled “Measuring the Value of Digital IP Management” definitively shows that implementing a digital IP management system can result in a 200% ROI – or better – within the first year after installation.
To further validate this finding, First To File is offering a free ROI consultation to qualifying corporations and law firms who are considering digitizing their IP management, in order to build the business case for utilizing First To File’s system.
The white paper offers a clear model for how to assess and analyze the varied, wide-ranging benefits of digital IP management technology, providing a compelling argument for patent and trademark counsel to “go paperless.”
Based on extensive customer and market research across corporate patent organizations and law firms, the paper was researched and authored by Ian Hayes of Clarity Consulting, an analytically-oriented management consulting firm specializing in research, metrics, and marketing.
IP law practice for both inside and outside counsel has traditionally been hobbled by antiquated paper-based workflow, in which patent files are maintained in hard copy and shared across the globe, leading to increased costs, decreased quality, and avoidable inefficiencies. With the growing emphasis on innovation and valuing IP assets as demonstrated by Motorola and Nortel IP acquisitions, as well as the massive global movement to paperless systems and sustainability, this white paper clearly proves that First To File should be an important, and very cost effective piece of any IP management solution.
With any questions, email Kurt Wedel at kwedel[.]firsttofile.com.
About First To File and Electronic File Room (EFR)
Founded in 2006, First To File (firsttofile.com) is a software company based in San Mateo, California specializing in intellectual property information management technology. First To File’s products automate the storage, management, and analysis of legal documents worldwide, enabling law firms and corporate legal professionals to reduce risk and work more effectively.
FTF’s Electronic File Room (EFR) is a web-based patent document management and prosecution automation solution for IP corporate legal and law firms of all sizes. Used by Fortune 500 companies such as Johnson & Johnson and Unilever as well as top IP law firms, EFR reduces reliance on paper and transforms the patent prosecution process, increasing overall visibility, efficiency, and patent quality while significantly reducing costs.