Thomson Reuters acquires Practical Law Company
Feb 06, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
Thomson Reuters Corporation, a US-based provider of information services for businesses and professionals in the financial, legal, tax and accounting, scientific, healthcare and media markets, has acquired Practical Law Company Limited, a UK-based provider of practical legal know-how and workflow tools to law firms and corporate law departments.
The acquisition has received Hart Scott Rodino clearance in the US.
Practical Law Company has more than 750 employees.
Announcement (January 3, 2013):
Thomson Reuters has signed a definitive agreement to acquire Practical Law.
The transaction is expected to close in the first quarter of 2013.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2013-02-01
Target (Company) Practical Law Company Limited
Acquirer (Company) Thomson Reuters Corporation
According to Thomson Reuters, The completion of the acquisition positions Thomson Reuters with a comprehensive portfolio of productivity solutions that combine the best legal information, expert know-how resources and software tools and are geared to help in-house lawyers and outside counsel work more efficiently and effectively.
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