There are a number of reasons for the spike in IP cases experienced in recent years. These include the passage of the Defend Trade Secrets Act, as well as increased use of litigation funding—which has allowed small and medium-sized businesses the funds they need to pursue IP claims. To better serve clients in this area, Omni Bridgeway brought in Stephanie Southwick in September 2019.
Omni Bridgeway details that Southwick’s experience and expertise make her an ideal choice to assist and advise clients with IP disputes. Southwick was a litigator for more than fifteen years and was the former Managing Partner of Greenfield Southwick LLP (an IP litigation firm) before joining Omni Bridgeway. In addition to expertise in intellectual property matters, she is also well-versed in contract and founder disputes, business torts, and employment law.
In her current role, Southwick assesses cases for investment, about a third of which are related to trade secrets. When clients seek advice on preparing for a trade secrets case, she suggests three areas of focus:
- Clearly outlining the exact trade secret at issue
- Defining and demonstrating its value
- Presenting evidence of the defendant’s actions regarding the use of trade secrets
According to Southwick, Omni Bridgeway can work with clients who have their own legal team in place. And it may behoove them to get their case analyzed by a specialist before hiring counsel.
With IP claims set to soar even further alongside the broader legal sector, funders are wise to invest in IP expertise now, to capitalize on the continued growth.
