This week we received via one of our sources, Reed’s financial wind up figures for 2013 and also in that document their comparison with the group’s 2012 figures. Even to a numbers illiterate like myself it’s fairly obvious that Lexis Nexis may well be generating some revenue but profit margins are negligible. Lexis capital expenditure compared to the other members of the Reed Group is also way out of whack as we’ll discover.

So first up …..

Revenue
Legal Year to 31 December 2013
2013  £m 1567
2012 £m 1610

Change Constant Currency -4%
Change Underlying +1%

Revenue is up, . . . [more]

Since late last year, a groundswell of opinion seems to be developing in favour of open and free access to legal scholarship and secondary sources.

Sean Hocking’s recent column speculates that “someone will see that a Wikipedia type solution to the cataloguing, editing and free distribution of legal information is of benefit to a functioning democracy in the 21st century.”

Who will do this work? He suggests that this role will be taken on by “unemployed or at least underemployed legal editors, academics and dare we say it, lawyers, out there who’d be willing to initiate the process of getting . . . [more]

Apparently, the brain is the least understood by the medical community of all the human body parts.

Some doctors say that a healthy brain is partly dependent upon physical exercise and a proper amount of sleep. Apparently good things happen to our brains when we are sleeping. John Ratey of the Harvard Medical School and author of the book, Spark: The Revolutionary New Science of Exercise and the Brain (2013) states: “Exercise is the single best thing you can do for your brain in terms of mood, memory, and learning”.

A healthy brain includes the conscious and the unconscious. Unconscious . . . [more]

I recently attended another drinks party, again to celebrate, or rather mark, the forced departure of a former colleague after his many years of working for a major professional publisher. There was neither bitterness nor acrimony on his part, just an acceptance of that being the way it is. You work with them until you become surplus to requirement, too old (however young) and/or too expensive (however underpaid) and then you are out. The problem is that there are years of work still capable of being done and bills still to pay. In this way, another aspiring and hopeful . . . [more]

Looking at the current contents of my ever expanding inbox, I see January has been a month of conflicting messages from the legal information world.

One moment it appears we really might have a real sea change in the way that legal content is perceived, published and prostituted.

Then, in the flash of an eye, a slew of endless press releases from Thomson Legal & Regulatory and LexisNexis praising themselves for the fact they are themselves; combined with their endless desire to control and purchase every and any new company (mainly tech based these days) that may actually have products . . . [more]

The day is not far off when the providers of free legal information services will be able to match the services provided by Lexis, Westlaw and Wolters Kluwer.

There was a time when I would have said that this was not possible. My belief was based on the idea that the free services would always be playing catch up to a moving target, as the major legal publishers continued to enhance their products with high quality content and product innovation.

The scenario that makes the seemingly impossible possible is the “attack” on all things “Editorial” in the major legal publishing . . . [more]

A friend of mine is concerned about the existence today of income inequality that is leading to the accumulation of disproportionate wealth and economic and political power into the hands of a few.

No one doubts that individuals try to better their condition. Adam Smith in the Wealth of Nations at page 237 said “But the principle which prompts to save, is the desire of bettering our condition, a desire which, though generally calm and dispassionate, comes with us from the womb, and never leaves us till we go to the grave”. President Abraham Lincoln said “I hold that while . . . [more]

“Legal search algorithm” … now there’s a phrase to make your head spin. I’ve been thinking about legal search for years, but I confess that I hadn’t given the algorithm much thought until recently. Type it into Google, and you come up with an excellent post by Aaron Kirschenfeld in the Cornell LII blog: “Everything is Editorial: Why Algorithms are Hand-Made, Human, and Not Just for Search Anymore”.

For legal publishers, ensuring that our users can find what they are looking for is one of the biggest challenges we face. I’ve never encountered legal information that isn’t incredibly dense. We . . . [more]

A hitherto senior colleague, a mentor in legal publishing, speaking more allegorically than in truth, I imagine, recalled a difficulty that his wife allegedly suffered. Although an intelligent, urbane and charming person, she did not find herself always comfortable with some of the duties of the corporate spouse, particularly when it came to institutional dining. Her heart would sink at the prospect of an evening trapped between two crusty old judges with whom she had little in common. Her tactic, it was said, in trying to maintain conversation when it did not flow naturally, was to use alphabetic sequence to . . . [more]

Yes, Wikipedia

A recent encounter I had with German tax law was quite revealing. A claim had been made by the German tax authorities for the payment of a gift tax on a transaction in Canada that took place more than a decade ago. A computer trace of some kind by the German tax authorities had recently brought the matter to light and resulted in a demand for the payment of back taxes by a Canadian to the German government based on incomplete information.

Recognizing my serious limitations in tax matters of any kind, I approached a highly regarded member . . . [more]

With around 7,500 exhibitors from over 110 countries, the Frankfurt Book Fair is the publishing industry’s biggest trade event in the world. I found myself there this past October, mostly hanging around the “Digital Innovation” track. This for two reasons: we (Lexum) are in the business of helping publishers look good on the web and there was a beer stand conveniently located not far from the stage to help fight the jetlag.

The premise of the courtship between an IT service provider and a publisher is quite straightforward. Publishers want to sell more of their books by repurposing . . . [more]

Look around everywhere you turn is heartache
It’s everywhere that you go (look around)
You try everything you can to escape
The pain of life that you know (life that you know)
“Vogue” Madonna

Legal Publishing is vogueing again and Madonna’s lyrics must have been written for the legal publishing industry!

Here at Law Librarians News publishing legal books is a development that has come back into play in a big way in the last 12 weeks or so.

Management at various publishers may well raise their eyebrows at our comments if and when they read this. But it really . . . [more]