Thomson Reuters Girds for a Tough 2010

December 5, 2009

The news in the Wall Street Journal today (December 3, 2009) reminded me of the headlines from mid 2008. More than a year ago the headlines were like this one “Thomson Reuters Confirms Hundreds of Job Cuts”. Today’s headline was “Thomson Reuters to Cut Law Unit Jobs.” My hunch is that the addition of legal content to Google Scholar will put significant pressure on Westlaw and other for-fee legal publishers. Job cuts may help… temporarily. The longer term may require more severe actions; for example, shifting from the legacy approach to legal information to a more software centric approach. In a footrace, will Google win or will Thomson Reuters? Place your bets with your retirement fund.

Stephen Arnold, December 5, 2009

I must disclose to the Department of Justice that I was not paid to point out that free legal information may be a big problem for a for fee legal information service.

Written by Stephen E. Arnold · Filed Under Financial, Google, News, Publishing

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.

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