ALEXANDRIA, Virginia, November 18, 2014 /PRNewswire/ --
CPA Global, the world's leading provider of intellectual property (IP) management software and services, has joined CNA's expanded Lawyers' Allied Vendor Program for professional liability policyholders, providing the insurer's law firm clients with access to a range of innovative IP risk control tools.
Working with over 50,000 law firms and more than 150,000 lawyers across the country, CNA provides professional indemnity coverage to more lawyers than any other carrier in the US. Through its Allied Vendor Program, CNA teams up with service providers in a number of fields who can assist the insurer's clients in mitigating risk.
CPA Global offers Risk Control solutions to law firms to guard against the financial and professional risk inherent in managing intellectual property assets.
The cornerstone of CPA Global's Risk Control solutions is its patent renewals service, which enables law firms to improve their risk profile by disengaging from renewal payment responsibilities, while ensuring that their clients' IP rights remain protected and safely maintained. Over 100 US law firms have transitioned away from renewals payment responsibilities by using CPA Global's renewals service, in many cases resulting in reductions in excess of $1 million in annual professional indemnity insurance premiums. Other CPA Global services in this area include: IDS Management; Docketing; File Intake Support; Software Conversion Support; and Post-grant Support.
Michael Barrett, Director of Risk at CNA (North America), commented: "CPA Global offers a range of services which help our law firm clients better manage risk. CNA is excited to have CPA Global in our Allied Vendor Program."
Forrest Porterfield, Senior Vice President, Americas at CPA Global, added: "We are delighted that CNA has invited CPA Global to join their Allied Vendor Program. We have been providing Risk Control solutions to law firms for over 40 years and are pleased our strong track record in delivering these services has been recognized by CNA.
"With IP practices in law firms facing increased workloads and ongoing pressure on resources, we are seeing greater demand for support with renewals payments and other IP services. We look forward to developing our relationship with CNA and helping more law firms mitigate their IP management risk."
For more information about CPA Global's Risk Control solutions, please click here.
About CPA Global
CPA Global is the world's leading intellectual property (IP) management and IP software specialist. With offices across Europe, the United States and Asia Pacific, CPA Global supports many of the world's best known corporations and law firms with a range of IP and broader legal services, helping them to manage risk, cost and capacity, and realize greater value for their businesses and IP assets.
CPA Global helps corporates and law firms in managing valuable IP Rights, such as patents, designs and trademarks, ensuring that IP portfolios are protected, maintained and regularly reviewed in order to maximize value. Working closely with its clients, CPA Global ensures they have the best information on which to base IP decisions, and the best support in terms of helping implement those decisions.
Founded in Jersey, Channel Islands in 1969, CPA Global today employs some 2,000 people, serving clients' needs in 200 jurisdictions through its own offices and an extensive agent network. For further information, please visit: http://www.cpaglobal.com.
Serving businesses and professionals since 1897, CNA is the eighth largest commercial insurance writer in the US and the 13th largest property and casualty company. CNA's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.
CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at http://www.cna.com. "CNA" is a service mark registered by CNA Financial Corporation with the United States Patent and Trademark Office. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.
SOURCE CPA Global