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m Change page title to reflect change of brand name following Thomson Reiters acquisition - dropping of word 'company'
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{{Infobox company
{{refimprove|date=July 2012}}
⚫
| name = Practical Law
| 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>
⚫
{{DISPLAYTITLE:Practical Law}}
"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>
Practical Law provides practical legal know-how to law firms, law departments and law schools. Its main operations are in the UK<ref name="Reference 1">[http://uk.practicallaw.com]</ref> and US<ref name="Reference 2">[http://us.practicallaw.com]</ref>.


Practical Law has a staff of approximately 500 in the UK, based in London, and 300 in the US, based in New York.
Practical Law’s content is created and maintained by its team of editors that has significant practice experience at law firms and corporate legal departments.<ref name="Reference 3">[http://us.practicallaw.com/about/Team]</ref>

Practical Law was founded in the 1990s. Since then it has successfully transformed into a business that provides online subscription services across most commercial practice areas and provides resources such as standard documents, checklists, practice notes and more.<ref name="Reference 4">[http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9779041/Thomson-Reuters-buys-Practical-Law-Company.html]</ref>

Practical Law’s subscribers include approximately 95% of the UK's top 200 law firms, 70% of the FTSE 350.<ref name="Reference 5">[http://global.practicallaw.com/about/uk-about-practical-law#tab5_tabsmedia]</ref>, 85% of the Am Law 200 and over 700 corporate legal departments.<ref name="Reference 6">[http://us.practicallaw.com/about/plc-about-us]</ref>

Practical Law was acquired by [[Thomson Reuters]] in February 2013.<ref name="Reference 7">[http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9779041/Thomson-Reuters-buys-Practical-Law-Company.html Thomson Reuters buys Practical Law Company]</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}


<!-- Moved URL to the infobox
==External links==
==External links==
*[http://uk.practicallaw.com/ Practical Law UK]
*[http://www.practicallaw.com/ Practical Law]
-->
*[http://us.practicallaw.com/ Practical Law US]
*[http://http://global.practicallaw.com/ Practical Law Global]
*[http://www.linkedin.com/company/practical-law-company Practical Law on LinkedIn]

{{Thomson Reuters}}
{{Thomson Reuters}}
{{Authority control}}

[[Category:Companies of the United Kingdom]]
[[Category:West (publisher)]]
[[Category:Legal publishers]]

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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