IPReg welcomes the Legal Services Board’s latest Small Business Legal Needs Survey, which highlights the growing importance of intellectual property (IP) legal needs as businesses increasingly rely on innovation, technology and intangible assets. The findings underline the importance of businesses being able to recognise IP issues early and access appropriate specialist support when they need it.
For IPReg, the findings also reinforce the public value of effective and proportionate regulation in giving businesses and consumers confidence that regulated patent and trade mark attorneys meet high professional standards and have appropriate consumer protections in place. This includes meeting requirements relating to competence, professional conduct and insurance.
We will be considering the findings in more detail as we develop our evidence-led approach to Right-Touch Regulation, ensuring that our regulatory activity is proportionate to risk, supports innovation and remains focused on protecting the public.
You can read the survey findings on the LSBs website