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The Future Bright For Westlaw ? |
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Written by Sean Hocking
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According to a recent report on Twin Cities.com it looks like Tom Glocer the new CEO for the combined Thomson Reuters entity is a big fan of Westlaw and also its revenues!
The report reveals
Thomas Glocer, chief executive for the newly combined Thomson Reuters Corp., says he is having fun playing again with Westlaw, the legal information service born in St. Paul and built in Eagan by thousands of software coders and lawyers employed by the former Thomson West.
That's good news for the Thomson Reuters outpost, which also happens to be the biggest facility in the new $12.4 billion global data and publishing company.
Thomson's worldwide legal information business last year pulled in $3.3 billion, with the vast majority of that coming from the North American division in Eagan.
"I think it's a fantastic product," Glocer said in an interview in a conference room at the sprawling campus. "I feel I'm coming back to something I know something about as a user would know it."
The North American Legal division "couldn't be more core, it couldn't be more strategic, and long may it live," said Glocer.
So if the boss is happy, the division's 7,000 employees can relax and focus on a planned $150 million expansion. Those plans stalled last year after Gov. Tim Pawlenty vetoed $15 million in state and local tax breaks and subsidies for the project.
The expansion also languished for nearly a year awaiting the completion of Thomson Corp.'s $16.6 billion acquisition of Reuters, the venerable London
You can read the full report here. Looking at this report we'd say it'd be better to be a Thomsons employee at the moment rather than a Dayton based Lexis Nexis wage slave. |
