M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Friday, November 19, 2010

Thomson Reuters acquires Pangea3

I rarely link to Above the Law - I'm not a snob or anything, it's just that they rarely talk about anything relevant to this blog.  Today is different.  ATL notes that Thomson Reuters is looking to sell its BarBri unit, because training future American lawyers "no longer fits [Thomson Reuters'] long-term strategic vision."  

In the same post, ATL calls attention to the fact that Thomson Reuters will be acquiring India-based legal process out-sourcer Pangea3.  Pangea3's press release is here.  According to the CEO of Thomson Reuters

"Pangea3 is true to our mission to help the legal system perform better, every day, worldwide; we will now bring to the legal marketplace a responsive, high-quality, transformative resource for a broad range of legal support work. This is particularly important as law firms and general counsel adjust to the realities of the 'new normal,' where efficiency, quality and responsiveness are paramount."

Yikes.   I think it's been pretty clear for some time that things would be moving this way.  The globalization of services is in all honesty an unstoppable force.  The only question is how quickly might the moves come.  It looks like some of the big information providers have heard from clients that they'd like the move to come sooner rather than later.  

I'm starting to think that Afra's focus legal developments in India is going to pay off bigtime!  

OK, go back to work.

-bjmq

http://lawprofessors.typepad.com/mergers/2010/11/thomson-reuters-acquires-pangea3.html

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Comments

One thing that the legal, financial, educational, and news information giant, Thomson Reuters, has not been accused of is ignorance. Given that this multi-billion-dollar company has acquired 100% of the shares of an Indian legal outsourcing provider, after also recently deciding, for "strategic" reasons, to sell its profitable and high-profile U.S. bar exam preparation course (BAR/BRI), you can assume that some very smart money is betting on a tectonic shift in the Western legal landscape.

Padmavathi Shanthamurthy

Posted by: Padmavathi Shanthamurthy | Nov 25, 2010 9:03:58 PM

One thing that the legal, financial, educational, and news information giant, Thomson Reuters, has not been accused of is ignorance. Given that this multi-billion-dollar company has acquired 100% of the shares of an Indian legal outsourcing provider, after also recently deciding, for "strategic" reasons, to sell its profitable and high-profile U.S. bar exam preparation course (BAR/BRI), you can assume that some very smart money is betting on a tectonic shift in the Western legal landscape.
Padma

Posted by: Padma | Dec 30, 2010 3:42:30 PM

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