IP Outsourcing and the Rise of Managed IP Services

This white paper discusses the evolving landscape of IP operations, emphasizing the shift towards managed IP services as a response to various challenges faced by legal departments. It outlines how Chief IP Counsel and in-house legal teams are rethinking traditional operational models due to factors such as hybrid work arrangements and economic uncertainty. The paper presents data indicating a significant trend towards insourcing, increased use of technology, and reliance on alternative legal service providers (ALSPs) and managed legal services (MLS). It details the components of Managed IP Operations (MIPOps), which integrates operational support services, technology platforms, a preferred network of external associates, and standard operating procedures to enhance efficiency and flexibility. The document also highlights use cases demonstrating how companies are implementing MIPOps to improve their IP management processes, ultimately aiming to create valuable and cost-effective IP assets. The findings suggest that the MIPOps model can benefit a wide range of organizations, including corporations and law firms of varying sizes.