Corporate executives frequently do not have the expertise to deal with the myriad of issues involved in creating and growing a patent portfolio. Additionally, some executives may not yet have the budget or the volume of patents or patent applications that would require hiring an IP attorney on a full-time basis.
A Fractional In-House Counsel is not only engaged to perform preparation and prosecution actions but typically, also brought in to counsel the executive management team on the strategic direction of their IP portfolio.
We enter into Fractional In-House Counsel relationships with our clients on a monthly retainer basis, with defined deliverables. Such a relationship often continues until the client has grown to a point allowing for a full-time in-house hire or they are acquired.