Intellectual Property (IP) law firm services are IP and legal services offered to corporate houses, government, individual and assisting businesses to procure and protect Intellectual Property Rights. In the current market scenario, the different types of intangible assets of a business are often more important and valuable than its tangible assets. In view of the importance of intellectual property to businesses today, chambers of commerce and business associations across the world are experiencing a growing need to provide members with intellectual property support services.
Rising Number of Intellectual Property Registrations across the Globe
The number of registrations for intellectual property across the globe has increased, with Asia Pacific holding the dominant market share. The number of conflicts among individuals as well as between enterprises has also recorded growth with the growing number of IP registrations. The growing number of IP registrations and need to manage the large number of IP conflicts is driving the growth of the market.
High Cost of Related Service
The cost of intellectual property (IP) law firm services is comparatively high. Protecting a person’s intellectual property entails a lot of money, particularly in the event of a highly complex product that involves designs, methods, and processes. In addition, an individual can expect to pay high legal costs if a lawyer is being hired to assist in the application process.
In terms of region, the global intellectual property (IP) law firm services market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is expected to dominate the intellectual property (IP) law firm services market during the forecast period due to its dominant share in global intellectual property registrations.
The COVID-19 pandemic is expected to moderately impact the global intellectual property (IP) law firm services market for a short-term period. The lockdown and shutdown has resulted in closure of constitutional institutions in many countries. But services are set to resume with the opening of different economies.
Incorporated in 1997, LexOrbis is a comprehensive intellectual property law firm based in three strategic locations in India: Delhi, Mumbai, and Bengaluru, with clients across all industries. The company majorly provides services by protecting and enforcing customer rights in patents, trademarks, designs, copyrights, geographic indications, and domain names.
The global intellectual property (IP) law firm services market can be segmented based on:
Global Intellectual Property (IP) Law Firm Services Market, by Enterprise Size
Based on enterprise size, the global intellectual property (IP) law firm services market can be divided into:
Global Intellectual Property (IP) Law Firm Services Market, by Industry
In terms of industry, the global intellectual property (IP) law firm services market can be segregated into:
Regional analysis of the global intellectual property (IP) law firm services market includes:
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