Klaus Pfeifer, managing director of Thomson Reuters Hong Kong Ltd. spoke about the legal environment and legal information services in Asia. He pointed out that companies are being challenged by 12,000 regulatory updates annually. More than 50+ regulatory updates per day and 620,000+ SEC filings coming from more than 200 countries. Enforcement actions are at a record high, 4 times increase in UK and US. The impact is going beyond financial institutions and companies are confronted by a high variation in legal frameworks, which differ significantly on the dimensions of “efficiency” and “independence”.
Thomson Reuters answer to these challenges lie in ‘E – workflows and collaboration’ which means that search is more efficient. There is a decisive shift to higher value work. The use of mobile devises is taking hold. Relationships matter – as social media has become a business Information source. To read the full story click on the attachment: BIIA LEGAL BUSINESS INFORMATION 24 3 2011 KP