Given potential growth in emerging markets and more opportunities being generated by Jackson’s R&D group, Warwick puts the annual revenue potential of the legal division alone at $14.3 billion—four times Thomson Reuters Legal’s revenues in 2008.
But growth will depend on how adept the company is at continuing to add value to its massive collections of data. Google searches, after all, are free; Thomson Reuters is a Google for professionals who are willing to ante up for it. As the company (and every struggling old-line media business) has discovered, information itself is merely a commodity in the information age. Information as a service—infinitely searchable, sortable, and customizable—is what’s in demand.
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Thomson Reuters’ Businesses
Sales & Trading / $3.8 billion Information, trading, and post-trade connectivity (largely through traders’ desktop terminals) for buy-side and sell-side customers in foreign exchange, fixed income, equities, and other exchange-traded instruments, and in the commodities and energy markets. Products include: 3000 Xtra, Reuters Dealing, Tradeweb Investment & Advisory / $2.4 billion Information, decision support tools, and integration service for portfolio managers, wealth managers, investment bankers, research analysts, and corporate executives. Products include: Thomson One, Reuters Knowledge, Lipper, First Call, Datastream Enterprise / $1.3 billion Information and software that supports business automation within the financial markets. Products include: Kondor+, RMDS, Datascope, Portia, Omgeo Media / $0.4 billion Global information and news services for the world’s newspapers, television and cable networks, radio stations, and Web sites. Content also provided directly to consumers through the online, mobile, and IPTV platforms of Reuters-branded digital services.
Legal / $3.5 billion Legal and compliance information, software, and work-flow tools for law firms, courts, government bodies, corporations, academic institutions, and other professional customers. Brands include: West, Westlaw, FindLaw, Sweet & Maxwell Tax & Accounting / $0.9 billion Regulatory information, software, services, tools, and applications for tax and accounting professionals. Brands include: RIA, Checkpoint, UltraTax Health Care and Science / $1.1 billion Services to support research and discovery for health care professionals, scientists, intellectual property specialists, and other professionals in the academic, pharmaceutical, corporate, and government marketplace. Brands include: Web of Knowledge, Thomson Pharma, Medstat, Solucient |
