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Portfolio managers have different strategies for managing their patent portfolios. At a high level, most strategies pivot on a balance of quantity versus quality to achieve the desired business outcomes. These outcomes include: improving your brand; freedom to operate; providing a healthy return on patent investment; minimizing exposure to attack; and keeping costs and risk reasonable. It is interesting that portfolio quantity makes good headlines, as it is easy to count patents, however, portfolio quality rarely does, as quality is subjective—perhaps this is why many companies focus on quantity. In order to address both quantity and quality, IP teams undertake a range of activities, which can be done simultaneously.

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"Look at any legal market in any town and, as we all know, there will be an array of sellers with a wide range of rates and fee arrangements. Now look where the work goes, it certainly doesn t congregate around the cheapest."

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