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Home > Thomson Reuters to Acquire Practical Law Company

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Thomson Reuters to Acquire Practical Law Company

January 4, 2013

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Law Department content was separated by practice areas such as Antitrust, Bankruptcy, Business Ethics, Finance, etc. Looking for information on e-discovery, I clicked on Federal Litigation to find information categorized as Discovery and Evidence. Practice notes included toolkits of information on attorney-client privilege, e-discovery in general, and records management.

The Records Management Toolkit contained resources to assist in-house counsel in managing records, which included how to draft a document retention policy and how to implement a litigation hold. Standard documents in the toolkit included a retention policy with a checklist of things to do to implement the policy, a document preservation notice, and an Equal Employment Opportunity Commission retention policy to review. Like Law Firm documents, I viewed policies in Word with drafting notes to fashion my own policy.

To get more information, practice notes and other content pages included related content links. I clicked on a document retention toolkit to find both UK and U.S. resources to obtain general and specific document retention requirements. From there I found a practice note on "Drafting a Document Retention Policy" with overall framework documents based on Sedona Guidelines and ARMA International recordkeeping principles.

PLC is licensed to subscribing law firms by the number of practice areas the firm subscribes to and the number of people in the firm that access the material. Subscriptions to law departments, which includes all the practice areas, is determined by the number of people in the department accessing the materials.

PLC has more than 750 employees with operations in London and New York. The company will become part of Thomson Reuter's Legal business when the deal is approved by regulators in the U.S. and UK. In the short term, Guidette said there will be no change in PLC's operations. In the long term, PLC content will appear in Westlaw and Westlaw Next workflow, e.g., you will be able to access PLC content from within Westlaw Drafting Assistant.

Press release.

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Companies, agencies mentioned

    
  • DRIVE PLC
  • Records Management Toolkit
  • Intellectual Property and Technology Practice Center
  • IP & Technology
  • International Arbitration, Labor & Employment
  • Executive Compensation, Finance, Intellectual Property & Technology
  • Arma International
  • Google Inc.
  • Business Development
  • Equal Employment Opportunity Commission

Key categories

    
  • E-discovery
  • Law Department Management
  • Law Firm Profitability
  • Mergers and Acquisitions
  • Intellectual Property
  • Alternative Dispute Resolution

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