Glasgow-based global intellectual property law firm Murgitroyd Group announce the acquisition of specialist UK-based IP firm Turnbull Lynch Intellectual Property (TLIP).
Its fourth acquisition inside two years, the move further strengthens Murgitroyd’s position as a leading player in the European IP protection sector.
London-based private equity firm Sovereign Capital Partners LLP took Murgitroyd private from AIM in a £65 million deal in December 2019.
TLIP employs 14 people — nine patent attorneys and five support staff — based at its offices in Cambridge, Leeds and Dublin.
The acquisition will take Murgitroyd’s headcount to more than 470, including over 140 attorneys.
TLIP MD Alex Turnbull said: “TLIP has grown consistently over recent years and we have reached the point where, in order to continue to develop our client offering, scale becomes increasingly important.
“Murgitroyd’s client focused approach, coupled with its breadth of capacity and capability, means that we can offer our clients an even more comprehensive service that puts IP protection at the heart of their business strategies.
“We have an expert team of attorneys whose development will undoubtedly be enhanced by working with some of the world’s most innovative organisations — from large, multinational tech and life sciences businesses to emerging, fast-on-their-feet start-ups and scale-ups at the leading edge of innovation.
“I look forward to this next chapter in the development of TLIP with great optimism.”
Murgitroyd CEO Gordon Stark said: “We are passionate about helping clients to protect and realise value from their intellectual property and the acquisition of TLIP further enhances our ability to deliver this.
“TLIP is a business with strong links within the growing UK-based technology and biotechnology sectors which, as we saw during the pandemic, are at the cutting edge of innovation.
“I am confident that by combining TLIP’s specialist knowledge and expertise with Murgitroyd’s broader offering, we will deliver even greater strategic value to our clients.”