Trade Mark Attorneys receive Chartered status
14th December 2016
Last month the Institute of Trade Mark Attorneys (ITMA) became the Chartered Institute of Trade Mark Attorneys (CITMA), following the unveiling of its Royal Charter.
The Charter recognises its members’ distinctive and pre-eminent position as legal experts in the trade mark and design community.
Registered trade mark attorneys who are CITMA members can now use the official title Chartered Trade Mark Attorney, which signifies their status as the leading practitioners in their field; providing strategic advice on trade mark and design portfolios to help businesses protect valuable intellectual property assets.
Simon Cooper, managing director and Chartered Trade Mark Attorney at AdamsonJones comments:
“Here at AdamsonJones, we are delighted to be able to use the official title of Chartered Trade Mark Attorney, which highlights the value of registering your trade marks as well as using specialist professionals such as ourselves to provide advice and manage the application process.
“Nowadays, it is possible to handle your own trade mark application but this can lead to problems further down the line.
“We are often approached by businesses that experience problems that could well have been avoided if they had used a specialist professional from the outset. A Chartered Trade Mark Attorney will provide advice on whether a trade mark is registrable, whether you are free to use teh trade mark in view of other companies’ registrations, and will handle the filing process from start to finish, all of which can save you time, money and unnecessary legal issues.”
Commenting on this landmark achievement for the institute, Kate O’Rourke MBE, President of CITMA, said:
“This new status provides a seal of quality for the work of our members and the value their work provides to businesses in the UK and across the globe.”
Chartered Trade Mark Attorneys provide companies with a full risk assessment regarding company names, trading styles and branding, taking a commercial view and advising on next steps. This level of strategic advice is valuable to businesses as correctly registered intellectual property increases the value of organisations in a way that is important to banks.
At the macro-economic level Chartered Trade Mark Attorneys represented by CITMA make significant contributions to the wider UK and EU IP economies:
• According to the Intellectual Property Office Fast Facts report in 2015, trade marks were the second most invested in type of intellectual property right with over £14billion of investment
• There has been a 35% increase in demand for trade marks since 2012
• According to a 2016 report by the European Union Intellectual Property Office, trade mark-intensive industries contributed nearly 36% of the EU’s entire GDP from 2011-2013
• The same report found that design intensive industries contributed 13% of EU’s entire GDP over the same 2 year period.
• The UK is the 7th most competitive country in the world for intellectual property protection according to 2016/2017 World Economic Forum report on global competitiveness
Baroness Neville-Rolfe, Minister of State for Energy and Intellectual Property, said:
“The Institute of Trade Mark Attorneys fully deserves its Chartered status. I am glad their hard work and commitment to achieving the highest levels of both technical and professional knowledge has been recognised.
“Protecting IP rights is important to growth, innovation and creativity. CITMA and its members will continue to help businesses protect their brands here and overseas.”