Thomson Reuters announced that it has signed a definitive agreement to acquire Practical Law Company, the London-based provider of practical legal know-how and workflow tools to law firms and corporate law departments. Practical Law Company has more than 750 employees, with principal operations in London and New York, and will be part of the Legal business of Thomson Reuters. The acquisition is subject to regulatory approval and customary closing conditions, and is expected to close in the first quarter of 2013. Terms of the deal were not disclosed.
Practical Law Company, with its wide range of expert-authored, up-to-date practical legal resources and software tools, is seen as a powerful complement to the Thomson Reuters portfolio of respected legal software and information products including Westlaw, which offers the broadest and most comprehensive collection of primary and analytical content for legal professionals.
Source: Poten & Partner