Thomson Reuters Scoops Up Practical Law Co.

Law360, New York (January 3, 2013, 2:01 PM EST) -- Thomson Reuters Corp. will swallow up Practical Law Co. Inc. to flesh out its existing legal industry offerings with new software and other tools used to streamline operations in law firms and for in-house counsel, the media conglomerate and business information provider said Thursday.

Financial terms of the deal were not disclosed, and New York-based Thomson Reuters did not say how it would cover the purchase. Pending regulatory approval, the pair said they expected to finalize the sale in the first quarter of this year....
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