More than three-fourths of intellectual property executives and consultants reported that their companies’ total legal or business budget stayed flat or decreased in 2010, according to Foley & Lardner’s inaugural IP Leadership Survey.
The survey, released on Oct. 5, is based on August responses from 75 intellectual property executives, advisers and consultants. Nearly half, 46 percent, said their companies’ legal or business budgets stayed the same. About one-third, or 32 percent, reported a dip in these budgets. More than one-fifth, or 22 percent, of respondents said the amounts climbed this year compared with 2009.
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