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IndLaw.com Acquired By Thomson Reuters; On Synergy And Services

thomson-indlawMedia and financial services company Thomson Reuters has acquired Delhi-based Indlaw Communications, VCCircle reports. The amount paid for the acquisition has not been disclosed.

IndLaw offers legal news, notifications and a database of Indian law, judgements, cases and bills and ordinances. It has over 40,000 search-able documents on notifications, circulars and trade notices. It has five offices in Delhi, Chennai, Cochin, Kolkata and Mumbai. The interesting thing about IndLaw is that they’ve spent the last many years digitizing Indian legal and records, making them easily searchable.

Synergy With Thomson’s Legal Business

Thomson Reuters’ legal business, which includes intellectual property and compliance related services, made an operating profit of $1.1 billion over revenues of $3.5 billion in FY08. It offers these products and services: online research service Westlaw , Spanish legal information servicesAranzadiCarswellCompuMark, portal FindLaw , law book publisher Sweet & Maxwell andHubbard One .

Indlaw will supplement Thomson-Reuters’ existing professional division, which offers legal, scientific services, healthcare as well as tax and accounting software.  Indlaw offers comprehensive databases classified according to subjects (intellectual property, banking law, crime, etc) and six states, besides newsletters, resources on the budget and exim policy and even an education centre.

Subscription Services & Pricing

Indlaw offers four subscription packages:  for a student, for an institute, an individual and a premium subscription plan, which is like an unlimited offer. All are offered access to 4,00,000 case laws (judgments from Supreme Court of India, high courts, tribunals, commissions and English courts), 8000 legislations and rules, 40,000 notifications, circulars and trade notices, practice directions and500 tax, business and commercial legal forms a well as reports from expert committees, important policy speeches, company and financial information.

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Student plan: This offers a subsidised rate for law students seeking to access the site’s legal database. For a duration of 150 hours, the student is charged Rs. 4000. The student should own a college identity card and can pay only in demand drafts.

Individual plan: The user has two choices: Rs. 7700 for 200 hours, with a validity of one year and Rs. 12,320 for 400 hours which can be stretched over two years.

Institute: It is a multiple user plan that is customised.

Premium: For corporates and lawyers, company secretaries and chartered accountants. One year plan costs Rs. 18,000 and the two year plan costs Rs. 28,800. Both allow the user to browse and use the database without any hour limit and will offer users their own personal page where they can upload their articles, a planner and a photograph.

Thomson Reuters’ Takeover Strategy

The $13.4 billion Thomson Reuters also acquired Canadian webcasting firm StreamLogics this week, according to VillageGamer. US-based software consulting Streamlogic Inc.

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Update: Shaun McIver of Streamlogics wrote in to correct this. It turns out there is some confusion mostly to do with the acquired company’s name – all the reports we found online name it Streamlogics Inc, and there are 3 companies – Streamlogic, Streamlogics and Streamlogic Inc. Both Thomson Reuters and Streamlogic Inc websites do not mention the acquisition.

In any case, acquisitions are in line with Reuters’ outlook in its 2008 annual review, where it put acquisitions and deploying capital towards attractive “opportunities to drive long term growth as one of its top priorities.” Will we see more takeovers by the group? And could we presume they would be in Asia: the continent contributes only 10% to revenues currently and its potential could be exploited far more by the group.

The budget recently imposed a service tax on legal consultancies in India, which has hurt the industry. Read more on it here.


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