Baker Tilly forensic accounting specialists can help counsel and its client by analyzing the economic loss issues and clearly presenting our damage findings in an expert report and testimony under oath.
The principal findings of a U.S. Commerce Department study stated that intellectual property intensive industries accounted for about $5 trillion in value added or approximately 35 percent of GDP. Moreover, these industries directly accounted for 27 million jobs. Since the number of patents granted is in the 9 million range it’s no wonder why competitors, wrongdoers, patent assertion entities and the like have been targeting these assets for years.
As infringing activity continues to infiltrate entities at all levels, organizations and their legal counsel must align themselves with trusted advisors. Baker Tilly’s intellectual property experts offer the guidance needed to navigate difficult situations. Clients trust our background, rooted in accounting, finance and economics, to testify of their behalf. Additionally, our training as CPAs enable us to uniquely understand, evaluate, critique, and unearth the data needed to support or rebut infringement claims.
Baker Tilly has testified from coast to coast in intellectual property disputes involving:
- Trade secrets
- Trade dress
- Thefts of trade secrets
These matters involve a myriad of industries from technology to pharmaceuticals, consumer products to collectables, agricultural products to clothing and more. Analyses have addressed loss of profits, reasonable royalties, disgorgement, loss of market share, price erosion, commercial success, among others. We’re conversant on issues involving entire market value theory and incremental profitability.