Thomson Reuters Completes Acquisition of Practical Law Company
LONDON and NEW YORK, Feb. 1, 2013 /PRNewswire/ -- Thomson Reuters today announced that it has completed the acquisition of Practical Law Company, a leading provider of practical legal know-how and workflow tools. Practical Law Company has operations in New York and London; terms of the deal were not disclosed.
Thomson Reuters announced on January 3 that it had reached a definitive agreement to acquire Practical Law Company. The acquisition, which was subject to regulatory review in the U.S. and UK, has received Hart Scott Rodino clearance in the U.S. In the UK, where Thomson Reuters made a voluntary submission to the Office of Fair Trading (OFT), the review process is underway.
Mike Suchsland, president of the Legal business of Thomson Reuters, said, "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. We look forward to building upon each company's innovation, editorial legacy and expertise to create even more powerful tools to support and improve the practice of law."
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
SOURCE Thomson Reuters