The data provided by Mathys & Squire was the subject of an article by AM City highlighting an increase in trademark applications post-Brexit, which in turn has increased the wait time for trademark application approvals. Click here to read the article in AM City
An extended version of the release is available below and was published by UK News, The Scottish and Scottish legal news.
Brexit has triggered a record number of trademark applications in the UK, with 195,000 applications registered last year*, up 54% from 127,000 the previous year, according to the law firm specializing in intellectual property Mathys & Squire.
As of January 1, 2021, the UK is no longer part of the EU Trademark Regime, which means that any business wishing to register a trade mark or logo across Europe must now file a separate application in the UK.
Prior to January 1, 2021, UK trade mark holders could file a single EU trade mark application and obtain pan-European protection. Since the end of the Brexit transition period, two separate applications (one for the UK and one for the EU) have been required.
The huge increase in trademark applications since Brexit has forced the Intellectual Property Office (IPO) – the government agency that handles trademarks, patents and design registrations – to recruit more than 100 new staff to eliminate the backlog. Wait times for trademark applications reached three to four months in early 2021, compared to a usual wait of around a few weeks.
The IPO has also been inundated with inquiries from overseas trademark holders to register with a UK trademark attorney and apply for service in the UK, which is now mandatory after the Brexit.
Mathys & Squire stresses that the UK’s exit from the EU trade mark regime is permanent, meaning the sharp rise in the number of applications represents the “new normal” rather than a spike in activity.
Gary Johnston, Partner and Co-Head of Trademarks at Mathys & Squire, comments: “The 2021 rush to register trademarks and appoint UK lawyers, fueled by Brexit, has nothing to do with what we’ve ever seen in the UK.”
“Companies around the world have been forced to spend a lot more time and money protecting their IP separately in the UK. UK companies have had exactly the same problem with their European IP. been extremely busy applying for UK companies in Europe.
“It is unlikely that this huge volume of deposits will disappear. Now that we have left the EU Trademark Regime, this is the level of activity we can expect in the future.
* End of year October 31, 2021 | Source: IPO