Intellectual property specialist Griffith Hack has appointed Steve Parker as the firm’s chief executive officer. Parker was the former chief operating officer of ASX listed company Oakton Ltd.

Griffith Hack is noted for its ambitious expansion plans for 2010 and Parker said the 2010 outlook for IP firms looked very optimistic. “We are seeing firms double their efforts in understanding their IP assets, and utilising these to their competitive advantage,” Parker said. “Because the market is much tighter, firms are paying more attention to making the most of the assets they do have.”