Thomson Reuters to acquire Practical Law Company
Jan 04, 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 signed a definitive agreement to acquire Practical Law Company Limited, a UK-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
The transaction is expected to close in the first quarter of 2013.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2013-01-03
Target (Company) Practical Law Company Limited
Acquirer (Company) Thomson Reuters Corporation
The acquisition will position Thomson Reuters to deliver a suite of productivity solutions combined with legal information, expert know-how resources and software tools to help in-house lawyers and outside counsel respond to client demands to work faster and smarter.
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