Legal Tech Patent Filings Up Nearly 500 Percent Over Last 5 Years
Recent data from Thomson Reuters suggests that legal tech is seeing a growing trend toward patenting from around the world.
August 16, 2017 at 09:30 AM
6 minute read
Research from legal research organization Thomson Reuters recently found a 484 percent increase in patent filings from the legal services technology space in the last five years. Five hundred seventy-nine patent filings related to legal services technology were yielded in 2017, as compared with only 99 filings in 2012.
While the U.S. represented the largest portion of these patents filed globally at 38 percent, China and South Korea also showed strong representation among patent filings, filing 34 percent and 15 percent, respectively, of all patents in the legal services space.
Charlotte Rushton, managing director for the large law business at Thomson Reuters, noted that globalization has pushed a lot of the innovation around legal services processes into the global arena. “Most major law firms now operate on a global scale, managing deals and litigation across multiple jurisdictions and cross-borders, for which new technology is being specifically developed,” she said in a statement.
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