OxFirst is a law and economics consultancy that specializes in valuing intangible assets. With the recent dispute over Michael Jackson's estate and the valuation of his intellectual property (IP), OxFirst argues for the need for a more systematic method of valuing intangible assets. The US Tax Court's decision in the case shed light on the complexities of valuing IP.

The court considered factors such as previous licensing agreements, merchandising agreements, trademark licenses, and sales of Jackson-branded merchandise to determine the value of the IP. This landmark decision has implications not only in the US but also internationally, as it highlights the importance of sourcing valuation data from outside the legal space and relying on general economic information. OxFirst emphasizes the need for IP reporting systems that can accurately capture the value of IP, as current accounting standards fall short in this regard.

As a law and economics consultancy, OxFirst is well-equipped to assist businesses in valuing their intangible assets and navigating the complexities of IP valuation