Over the past 10 years, litigation costs have skyrocketed, both because of legal fees and structural changes in litigation. In 2001, a typical patent dispute with potential damages of $1 to $25 million generated $1.5 million in legal fees and expenses. A trial over a similar patent dispute today would generate at least $3 million in legal fees and expenses. In light of these rising costs and the economy’s decline, clients have been looking for ways to reduce the cost of patent litigations. To that end, below are 10 tips for corporate litigation counsel to consider in order to reduce the cost—but not the quality—of patent litigation.
No. 1: Build a Strong Relationship with Outside Counsel
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