Andersen Legal's German arm Andersen Luther is to beef up its intellectual property (IP) practice in anticipation of the imminent changes to European IP law
The firm's Munich office is taking on international IP, patent and trademark specialist Richard Schlötter as a partner. He will advise on all areas of IP law, including litigation on design infringement issues. Europe will face a number of developments in IP and trademark protection and valuation following the introduction of the European Community Patent and the IP courts. The financial implications of the changes mean that there is likely to be an increase in the value of reporting IP assets in company accounts and in investment research reports. Andersen Luther chief executive officer Wolfgang von Meibom said that law firms need to invest in order to meet the new requirements. "The impending changes will require a significant investment in IT systems, both for law firms and clients' in-house operations, to protect their IP assets," he said.