I thought I’d typed the wrong number of zeroes, but yes the $18 billion plus place taken by the big three providers in the market for legal information is predicted to expand by 6.3% next year.
The “Big Three” — Thomson Legal & Regulatory, Wolters Kluwer, and LexisNexis (Reed Elsevier) — dominate this segment with a combined market share of 59.1 percent.
Outsell is predicting that the Big Three will keep expanding by acquiring more companies in the legal technology space. In addition, the LTR segment will experience more international acquisitions and joint ventures as publishers seek stronger footholds . . . [more]