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Thomson Reuters to Acquire Practical Law Company



               Thomson Reuters to Acquire Practical Law Company

  PR Newswire

  LONDON and NEW YORK, Jan. 3, 2013

- Leading provider of legal know-how and workflow tools a powerful complement
to Thomson Reuters legal product portfolio

LONDON and NEW YORK, Jan. 3, 2013 /PRNewswire/ -- Thomson Reuters today
announced that it has signed a definitive agreement to acquire Practical Law
Company, the London-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, with principal operations in London and New York, and
will be part of the Legal business of Thomson Reuters. The acquisition is
subject to regulatory approval and customary closing conditions, and is
expected to close in the first quarter of 2013. Terms of the deal were not
disclosed.

Practical Law Company, with its wide range of expert-authored, up-to-date
practical legal resources and software tools, is seen as a powerful complement
to the Thomson Reuters portfolio of respected legal software and information
products including Westlaw, which offers the broadest and most comprehensive
collection of primary and analytical content for legal professionals.

Commenting on today's announcement, James C. Smith, chief executive officer of
Thomson Reuters, said, "Practical Law Company will uniquely position Thomson
Reuters to deliver a comprehensive suite of compelling productivity solutions
that marry world-class 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."

"The combination of Practical Law Company and Thomson Reuters will create
unique capabilities for a legal market segment that has seen significant
changes over the past several years," continued Mr. Smith. "Quality and
effectiveness have always been key to successful law firms and corporate legal
departments. Efficiency has become equally critical. Together, we'll provide a
full range of resources and tools to help our customers deliver the best
advice quickly and efficiently, keep on top of regulatory and market
developments, and better control costs."

Practical Law Company's unique resources, such as its practice notes, standard
documents, checklists and What's Market tools, reflect the experience and
insight of the company's team of expert attorney editors, many of whom have
worked at the world's leading law firms and corporate legal departments. Their
practical know-how covers a wide variety of practice areas in the U.S. and the
UK, such as commercial, corporate, employment, intellectual property, finance
and litigation, among others.

Robert Dow, Practical Law Company chairman and co-founder, said that this
collection of expert know-how, which is updated continuously to reflect
changes in law and practice, is highly respected and valued in the legal
marketplace. With more than 100,000 lawyers worldwide accessing their
materials, Practical Law Company's subscribers include 96 percent of the top
200 UK law firms and 86 percent of UK FTSE 100 corporate legal departments, as
well as 80 percent of the AmLaw 200 firms and more than 700 corporate legal
departments in the U.S.

"We share many values with Thomson Reuters, most notably a passion for
innovation in the legal marketplace and for providing lawyers with the best
possible resources so that they can spend more time adding value to clients
and less time reinventing the wheel," Mr. Dow said. "We also share a
commitment to helping our customers evolve to meet changing demands. We are
delighted to be joining Thomson Reuters, and firmly believe that together we
can create an integrated solution that changes how lawyers practice."

THOMSON REUTERS Thomson Reuters is the world's leading source of intelligent
information for businesses and professionals. We combine industry expertise
with innovative technology to deliver critical information to leading decision
makers in the financial and risk, legal, tax and accounting, intellectual
property and science and media markets, powered by the world's most trusted
news organization. With headquarters in New York and major operations in
London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000
people and operates in over 100 countries. For more information, go to
www.thomsonreuters.com .

CONTACT

In the U.S.:                        In the UK:

John Shaughnessy                    David Crundwell

Thomson Reuters                     Thomson Reuters

+1 651.687.4749                     +44 (0) 207 542 8763

john.shaughnessy@thomsonreuters.com david.crundwell@thomsonreuters.com

                                    Pete Biggs

                                    Thomson Reuters

                                    +44 (0) 207 542 4214

                                    pete.biggs@thomsonreuters.com

Website: http://www.thomsonreuters.com
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