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{{Infobox company
{{Verify|date=June 2007}}
⚫
| name = Practical Law
{{Unreferenced|date=June 2007}}
⚫
| logo =
{{Advertisement|Date=June 2007}}
⚫
| type =
| industry = Legal Publishing
⚫
| fate =
| predecessor = <!-- or: | predecessors = -->
| successor = <!-- or: | successors = -->
| founded = <!-- if known: {{Start date and age|YYYY|MM|DD}} in [[city]], country -->
| founder = {{unbulletedlist|
* Chris Millerchip
* Rob Dow}}
| defunct = <!-- {{End date|YYYY|MM|DD}} -->
| hq_location_city =
| hq_location_country =
| area_served = <!-- or: | areas_served = -->
| key_people =
| products =
| owner = [[Thomson Reuters]]
| num_employees = 800
| num_employees_year = <!-- Year of num_employees data (if known) -->
| parent = [[West (publisher)|West Publishing Corporation]]
⚫
| website = {{URL|www.practicallaw.com}}
}}
'''Practical Law,''' a division of [[West (publisher)|West Publishing Corporation]], is a legal publishing company which provides legal know-how for business lawyers. It also acts as secretariat for the [[General counsel#GC100|GC100]] group of [[general counsel]] and company secretaries.


According to the AmLaw Daily,<ref name="test">[http://amlawdaily.typepad.com/amlawdaily/2009/01/plc.html], additional text.</ref>
[[Image:PracticalLawCompany.gif|right|frame|Logo of the Practical Law Company]]
"The company was set up in the early 1990s by Chris Millerchip and Rob Dow to publish PLC Magazine. Since then it has expanded to provide predominantly web-based subscription services to law firms and law departments across a range of specialist subject areas such as corporate, finance, property, tax and intellectual property. Practical Law, the brainchild of two former Slaughter and May lawyers, launched in 1990 as a print venture geared toward transactional lawyers in the United Kingdom. The company's first publications detailed the lawyering requirements for specific types of transactions--highly structured leveraged buyouts and the like--and discussed why certain structures are used for certain types of deals.
'''Practical Law Company''' (often known as PLC) is a UK-based provider of legal know-how, transactional analysis and market intelligence for business lawyers. The company works closely with [[law firm]]s and in-house law departments to provide solutions in practical know-how, technology and practice development.
"We created the thing that we wanted when we were practicing," says Chris Millerchip, Practical Law's cofounder and chairman.
Ten years later, the company developed a set of Web-based tools meant to help transactional lawyers work more efficiently. Practical Law created—and continues to update—practice notes, document templates, standard clauses, deal checklists, and tools that lay out the basics of dealmaking for junior associates."


Practical Law was acquired in 2013 by [[Thomson Reuters]] in a deal speculated by senior industry sources to be worth £300m. At the time it had 750 employees and a turnover of £48.2m <ref>{{cite web |title=Thomson Reuters buys Practical Law Company |url=https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9779041/Thomson-Reuters-buys-Practical-Law-Company.html |url-status=live |archive-url=https://web.archive.org/web/20220807173940/https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9779041/Thomson-Reuters-buys-Practical-Law-Company.html |archive-date=2022-08-07 |website=[[The Daily Telegraph]]}}</ref>
== Content ==
[[Image:PracticalLawCompanyScreenshot.jpg|right]] Building on the success of [http://www.practicallaw.com/8-101-3578 PLC Magazine], PLC now provides web services to law firms and law departments, giving them access to practical know-how that may otherwise be unavailable or too expensive to obtain. {{lopsided}}


Practical Law has a staff of approximately 500 in the UK, based in London, and 300 in the US, based in New York.
== Subscribers ==
PLC's subscribers include most major international law firms, including a large proportion of the UK's top 500 law firms, and over 1000 major companies worldwide. Many companies also subscribe to PLC web services; in particular those found in the [[FTSE 100]]. Some law firms, such as [[Freshfields Bruckhaus Deringer]], have outsourced their current awareness updates to PLC, using the company's web services as their primary knowledge provider. [http://www.legalweek.com/Navigation/33/Articles/131641/Law+In+Business+The+value+of+support.html]


⚫
==References==
== Company information ==
{{Reflist}}
PLC has a staff of over 260 including over 80 legally qualified editors and researchers, many with significant experience as transactional lawyers in major London City law firms. [http://www.practicallaw.com/4-103-0546]


<!-- Moved URL to the infobox
==External links==
==External links==
*[http://www.practicallaw.com/ Practical Law Company]
*[http://www.practicallaw.com/ Practical Law]
-->

{{Thomson Reuters}}
⚫
==References==
{{Authority control}}
1. {{cite web
[[Category:West (publisher)]]
| last = Humphries
[[Category:Legal publishers]]
| first = Juliet
| authorlink =
| coauthors = Carter, Simon
| title = Law in Business: The value of support
⚫
| work =
| publisher = Legal Week
| date = 23 November 2006
| url = http://www.legalweek.com/Navigation/33/Articles/131641/Law+In+Business+The+value+of+support.html
| format =
| doi =
| accessdate = 25 July 2007 }}

2. {{cite web
⚫
| last = Practical Law Company
| first =
| authorlink =
| coauthors =
| title = Professional support team
⚫
| work =
| publisher = Practical Law Company
⚫
| date =
⚫
| url = http://www.practicallaw.com/4-103-0546
| format =
| doi =
| accessdate = 25 July 2007 }}

[[Category:Companies of the United Kingdom]]

Latest revision as of 23:32, 29 January 2024

Practical Law
IndustryLegal Publishing
Founder
    • Chris Millerchip
    • Rob Dow
OwnerThomson Reuters
Number of employees
800
ParentWest Publishing Corporation
Websitewww.practicallaw.com

Practical Law, a division of West Publishing Corporation, is a legal publishing company which provides legal know-how for business lawyers. It also acts as secretariat for the GC100 group of general counsel and company secretaries.

According to the AmLaw Daily,[1] "The company was set up in the early 1990s by Chris Millerchip and Rob Dow to publish PLC Magazine. Since then it has expanded to provide predominantly web-based subscription services to law firms and law departments across a range of specialist subject areas such as corporate, finance, property, tax and intellectual property. Practical Law, the brainchild of two former Slaughter and May lawyers, launched in 1990 as a print venture geared toward transactional lawyers in the United Kingdom. The company's first publications detailed the lawyering requirements for specific types of transactions--highly structured leveraged buyouts and the like--and discussed why certain structures are used for certain types of deals. "We created the thing that we wanted when we were practicing," says Chris Millerchip, Practical Law's cofounder and chairman. Ten years later, the company developed a set of Web-based tools meant to help transactional lawyers work more efficiently. Practical Law created—and continues to update—practice notes, document templates, standard clauses, deal checklists, and tools that lay out the basics of dealmaking for junior associates."

Practical Law was acquired in 2013 by Thomson Reuters in a deal speculated by senior industry sources to be worth £300m. At the time it had 750 employees and a turnover of £48.2m [2]

Practical Law has a staff of approximately 500 in the UK, based in London, and 300 in the US, based in New York.

References

[edit]
  1. ^ [1], additional text.
  2. ^ "Thomson Reuters buys Practical Law Company". The Daily Telegraph. Archived from the original on 2022-08-07.
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