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Impact of the COVID-19 pandemic on IP
By Ferraiuoli LLC
The United States Patent and Trademark Office (USPTO) released an economic report looking at the impact of the COVID-19 pandemic on employment, with a special focus on those industries that most intensively use various forms of intellectual property.
The study finds that:
-Initial job losses (as a share of total employment) were lower in the IP-intensive industries than in other, non-IP-intensive industries.
-Employment in the copyright-intensive industries was slower to recover, reflecting a significantly slower initial recovery in the performing arts and creative industries in the first year of the pandemic.
-The performing and creative arts industries would see significant improvement in the spring and summer of 2021, helping to push a strong recovery in the copyright intensive industries through the rest of the year.
Ferraiuoli LLC
Ferraiuoli LLC (FLLC) was founded in 2003 by the late Blas Ferraiuoli-Martínez, Eugenio Torres-Oyola and María Marchand-Sánchez. This group was then joined in 2004 by Fernando J. Rovira-Rullán, thus forming the founding core of FLLC. FLLC has grown exponentially since its founding from a law firm with three attorneys and a support staff of three to its current size of 54 attorneys with a support staff of 38. Also, FLLC has grown from initially being known as an intellectual property and corporate law boutique law firm to a multiservice law firm that handles most matters relevant to a business while continuing to earn praise for its leading intellectual property and corporate practices.
FLLC has been ranked as a leading law firm in Puerto Rico by the professional publication Chambers Latin America in intellectual property, corporate, bankruptcy, labor & employment, real estate, and tax law. Moreover, 17 FLLC partners have been ranked as leaders in their field by the same publication. 4 FLLC partners are ranked as leaders in Intellectual Property, no other firm has more than 2. This recognition in such a short period of time is a tribute to FLLC’s business model.
FLLC prides itself in doing its work faster and more cost-efficiently yet with the same quality as that of its main competitors. The founding name partners are available at all times to attend to client matters. Their work ethic sets the tone for the rest of the firm. FLLC’s founders’ goal has been steady from the outset: become one of the premier multiservice law firms in Puerto Rico.