What is Litigation Management?
Our Litigation Management Services (LMS) promote efficient and effective claim resolution by building a strong, working relationship with the Insured, and by doing all possible, within the terms of the policy, to help support the Insured in enforcing and/or defending their IP rights. These services are available on a per project fee basis, and are automatically included with the Abatement and/or Defense policies.
LMS assists the client in managing legal services and costs associated with costly intellectual property (IP) litigation. Combined with IPISC’s extensive experience in managing IP litigation, LMS often saves the policy holder real dollars in excess of the amount paid in premium.
LMS monitors the legal activities of litigating counsel to ensure that pre-negotiated billing rates and guidelines are followed, and makes certain that litigation tactics are case-driven and not fee-driven. Counsel will provide detailed litigation reporting to the client and IPISC, which will ensure that the client is aware of and understands the impact of litigation tactics and ever-changing timetables.
Service Overview
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Assist Client with selecting litigating counsel suitable for representing Client in subject lawsuit
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Assist Client in negotiating hourly rates of litigating counsel, local counsel, document discovery services, etc. (if needed)
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Use of customized Litigation Management and Billing Guidelines for selected counsel, with respect to Client’s lawsuit
- Require agreement by counsel of Litigation Management and Billing Guidelines prior to retention of litigating and/or local counsel
- Monitor counsel’s invoices, make adjustments needed to comply with Billing Guidelines and make recommendations of payment after adjustments (if needed)
- Monitor counsel’s services; request regular verbal and written updates and any changes to counsel’s litigation strategy; assist Client, if requested, in monitoring the strategy decisions and assist in keeping litigating counsel focused on the Client’s case
- Discuss litigation benchmarks and associated costs
- Supervise all litigation or other proceedings involving the lawsuit and when requested, attend any judicial or administrative hearing involving the lawsuit if Client so desires
Managing Costly Intellectual Property Litigation
IPISC’s Litigation Management Services (LMS) assist the client in managing legal services and costs associated with costly intellectual property (IP) litigation. LMS, combined with IPISC’s extensive experience in managing IP litigation, often saves the policy holder more than the amount paid in premium. Download our Billing Examples PDF that shows real adjustments made utilizing LMS.
IPISCs litigation management team has managed our claim highly effectively, and recommended an excellent legal team that is well versed in IP litigation. All legal invoices are closely reviewed, holding the legal firms accountable foe their billings. IPISC is reasonable and fair to work with and has earned our trust.
Ed O’Connor. CFO of Octane Fitness
