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{{Infobox company
[[Image:PracticalLawCompany.png|right|frame|Company logo]]
| name = Practical Law
⚫
'''Practical Law Company''' (or PLC) is a UK-based 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.
| logo =
| 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>
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. UK based services include:
"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 <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>
* PLC Arbitration
* PLC Commercial
* PLC Competition
* PLC Construction
* PLC Corporate
* PLC Cross-border
* PLC Dispute Resolution
* PLC Employment
* PLC Environment
* PLC Finance
* PLC Financial Services
* PLC IPIT & Communications
* PLC Law Department
* PLC Pensions
* PLC Private Client
* PLC Property
* PLC Public Sector
* PLC Publications Portal
* PLC Restructuring and Insolvency
* PLC Share Schemes & Incentives
* PLC Tax
* PLC Which lawyer?


PLC has a staff of over 600, around a third of whom are lawyers, at its offices in [[Southwark]], [[London]] and New York.
Practical Law has a staff of approximately 500 in the UK, based in London, and 300 in the US, based in New York.


==References==
PLC launched its first US services in December 2008. US based services now include:
{{Reflist}}

* PLC Finance
* PLC Corporate & Securities
* PLC Law Department
* PLC Employee Benefits & Executive Compensation
* PLC Labor & Employment
* PLC Intellectual Property & Technology


<!-- Moved URL to the infobox
==External links==
==External links==
*[http://www.practicallaw.com/ Practical Law Company]
*[http://www.practicallaw.com/ Practical Law]
-->
*[http://www.practicallaw.com/about/PLC About Practical Law Company]
{{Thomson Reuters}}
*[http://www.facebook.com/PracticalLawCompanyUK PLC UK Facebook]
{{Authority control}}
*[http://www.facebook.com/PracticalLawCompanyUS PLC US Facebook]
[[Category:West (publisher)]]
*[http://twitter.com/#!/PracticalLawUK PLC UK Twitter]
[[Category:Legal publishers]]
*[http://twitter.com/#!/PracticallawUS PLC US Twitter]

[[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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