Monitor Suite provides law firms and corporations insights to make strategic decisions, enabling users to better target their business development practices; as well as empowering users to utilize legal information and data to monitor market trends.
IP Content
The IP content offering is providing law firms and corporations the ability to quickly analyze and reveal the legal activity surrounding IP assets. Counseling companies on the prudent management of their IP assets can be among the most effective ways to strengthen key client relationships and increase business.
IP content aggregates data from patent and trademark filings as well as docket summaries, and provides unprecedented analysis of IP prosecution and associated litigation activity. These insights are critical to supporting law firm client development activities, and to positioning the firm as a strategic business partner to its clients.
With Monitor Suite firms can:
- Prepare for client meetings
A client schedules a last minute lunch and your firm needs the right amount of information and you need it now. Using the Monitor Suite, your firm can generate concise reports that bring your team up to speed on many of the key legal and financial factors surrounding your clients' business. You’ll gain insight to map your firm or corporation's capabilities to the client’s current and emerging needs.
- Benchmark client share
Revenue from a key account has slipped in the past year and your team argues that the client is sending out less work. It is possible that the client has more work than ever before and you’re simply getting less of it. Using the Monitor Suite, your team can see if the relationship has slipped and if your competitor is gaining share of the client's wallet. A deeper look can reveal the types of matters that the other firm has picked up. As a result, your team can implement a client service program to show the firm where their needs lie and how your firm can fill them.
- Improve pitch materials
You’ve done your homework and your strengths perfectly match the client’s needs, better in fact than any of the competition. How do you communicate that fact with clarity while demonstrating how you really understand the client’s business? Utilizing the Monitor Suite, your team has the ability to create customized reports with visual graphics, highlighting your organization's experience in the exact areas where the client needs are, thus allowing your firm or corporation to transform a business pitch into a customer service.
- Operational freedom
A prospective client is designing its next generation printer technology with ink-jet smudge resistance. Before investing further, the client wants to review exclusive technologies protected by patents and to assess the competitors and challenges of the market. Using Monitor Suite, it is easy to identify all of the companies- established manufacturers, component providers and trolls- that have established rights in this area, as well as revealing companies buying or selling patents in this market. The results show that there is ample space in the market and the client could invest further with little to no litigation.