"Scotland's Murgitroyd Group have acquired rival European patent and trademark attorney practice Kennedys Patent Agency Limited in a £3.4million deal.This raises interesting issues concerning putting a price on an IP practice -- an option that a sole practitioner may want to consider when either implementing an exit strategy or going in with another firm. Obviously it's not possible to know the details that drove the valuation in this instance, but it would be good to hear from readers who have had to put a value on their practices recently.
Under the terms of the agreement, £2.4million is being paid in cash, with the remainder being paid over three years.
Kennedys, who have additional offices in Aberdeen and Newcastle, were founded in 1997 by David Kennedy and Neil McKechnie.
With the exception of Kennedy and McKechnie, all of the firm's patent and trademark attorneys are remaining with the company.
Murgitroyd say the deal will boost their patent and trademark practices".
Wednesday, 27 February 2008
How much is your practice worth?
The Scottish Daily Record reports that