The English legal / publishing press are taking Reed Elsevier’s current travails to speculate whether the RoI of legal publishers is sustainable.
In previous economic downturns, the London firms have not responded by making cuts to legal information budgets. This time, perhaps with the transformations that have come with with the rise of free public legal information and increased client scrutiny of disbursements, it appears to be happening.
I recall one indiscreet Canadian legal publisher tell me that their company had been profitable since inception, including the Great Depression.
Here is the English take on the issues, from the Guardian . . . [more]