Spokane intellectual property law firm, Lee & Hayes, formally launched its IP Street site on Thursday, looking to become the equivalent in IP to what Morningstar is to stock market funds.

The site is IPStreet.com. It's targeted to investment bankers, IP attorneys, business decision-makers, and inventors. Paid access is available at a number of different levels.

Lewis Lee, co-founder of Lee & Hayes, is the CEO; offices are in Spokane and Seattle. Lee said one value in IPStreet is for a company to track a competitor's patent portfolios. Tracking those assets gives a solid indication of where a company's strategic direction is, he noted.

Lee was also recently interviewed on the evolving role of intellectual property and company planning at CNN Money: http://money.cnn.com/2011/08/18/technology/patent_bubble/#disqus_thread.

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