Manufacturing & Life Sciences
The Manufacturing and Life Sciences industries are changing rapidly. Our clients in these sectors are investing heavily in diversifying technology in order to innovate, compete and increase market share, often on a global scale.
With this comes exposure to reputation-damaging risks.
Innovation can be a catalyst for success, but it can equally expose a business’s intellectual property. Whether an SME or multinational, manufacturers and life sciences companies are heavily investing in R&D, as well as industry 4.0. This investment is likely to generate products or services which are attractive for competitors to steal or compare unfairly to their own.
In order to innovate, businesses are expanding their operations or their talent pool through corporate venturing or by strengthening their supply chain. Efficient processes are not enough to manage reputation, as a crisis in an associated business may be just as damaging.
Reputation can also be tarnished through failing to check the patent landscape before a product launches. Inadvertently holding a competitor’s innovation (or even an element of it) up as one’s own could damage the market and the public’s perception of the business and lead to a damaging and expensive dispute.
Global supply chains and the huge volumes of data flowing across networks increases the risk of a data breach. This may be through a cyber crisis or through a user making confidential information public either mistakenly or maliciously.
With lawyers embedded in both the manufacturing and life sciences sectors, we provide a commercial and entity-oriented approach to the advice we give. We are noted for our expertise in IP, patent litigation and supply chain management, and our Tier 1 IT practice supports our sector teams on connectivity issues.