Hindles has increased revenue by 25% to £2.1m during the year to 31 March 2022.
The Edinburgh-headquartered firm of patent and trade mark attorneys also appointed a new director in Chris Cottingham, while doubling wider headcount.
Cottingham is an experienced intellectual property (IP) lawyer, who has spent a decade advising technology clients. He previously spent seven years with a UK-wide patent firm, before joining Hindles in 2020.
Founding director Dr Alistair Hindle notes a Brexit effect to the recent growth, with work coming in from patent attorneys in other European countries who now need UK partners for the first time in decades.
“Our growth has also been driven by various Scottish technology companies raising money, innovating, protecting their IP and succeeding.
“During the pandemic there was a bit of a boom, with a lot of people who had been talking about filing a patent application for years finally getting around to it.”
Hindle added: “We have also seen an increase in the filing of trade marks internationally, which has become cheaper due to the Madrid Protocol, which enables trade mark owners to register their trade marks in multiple countries by filing a single application through the World Intellectual Property Office.”
In 2018, Hindles opened its second UK office in Liverpool, which is run by fellow director Dr Robert Gregory. Hindles has added two lateral hire fee earners to its Liverpool team over the last year.
Gregory commented: “The economic downturn has not caused a tail-off in innovation; to the contrary, we are seeing more companies, including spin-outs, prioritise their IP and invest in patent protection.”
Hindles represents its clients across patent and IP offices in the UK, Europe, the Americas, Asia, Africa and the Middle East; including through a network of international associates.
Its Scottish clients include Ooni pizza ovens, remote patient monitoring company Current Health, robotic agritech start-up Crover and radio tech firm Sofant.
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