Thomson Reuters

What Thomson Reuters does

Thomson Reuters is a global content and technology company serving professionals across legal, tax, accounting, international trade, and risk/fraud domains. Founded in 1850 and headquartered in Toronto with a US regional headquarters in New York, the company serves four primary customer segments: law firms of all sizes (from solo practitioners to firms of more than 10 attorneys), corporations (covering legal, tax, trade, and risk functions), tax/audit/accounting firms, and government agencies including law enforcement, prosecutors, public defenders, and courts. With 10,000+ employees and operations across North America and globally, Thomson Reuters is publicly traded under ticker TRI on both Nasdaq and the Toronto Stock Exchange.

The company's product portfolio is anchored by CoCounsel, a professional-grade AI platform serving 1 million users globally and built on what the company terms 'Fiduciary-Grade AI' principles that emphasize accuracy, accountability, and citation-backed outputs. Core products include Westlaw (legal research grounded in 150 years of legal expertise), Practical Law (AI-powered guidance from 650+ attorney-editors), ONESOURCE+ (an intelligent compliance network spanning tax, trade, legal, and risk), CLEAR (investigations and public records), HighQ (legal collaboration and client engagement), and Legal Tracker (matter management). The underlying AI capability spans generative AI, knowledge retrieval, anomaly detection, process automation, autonomous agents (via Westlaw Advantage), and predictive analytics — all grounded in proprietary content rather than generic LLMs alone. The portfolio is complemented by a developer portal with API catalog for enterprise integration, a partner program, and e-commerce stores for legal and tax publications.

Thomson Reuters operates a primarily subscription-based revenue model with annual and multi-year contracts at enterprise price points, supplemented by professional services, publishing/books, data licensing, and API access. Go-to-market combines direct enterprise sales for large law firms, corporations, and government with self-serve digital distribution for smaller firms and individual practitioners, e-commerce for legal and tax publications (including Black's Law Dictionary and Tax Quickfinder), and channel partners for integration and reseller relationships. Demand generation runs through the Thomson Reuters Institute for thought leadership, industry events and webinars, professional communities, the developer portal, and broad social media presence.

Name

Thomson Reuters

Legal name

Thomson Reuters Corporation

Website

https://thomsonreuters.es

Company type

Public

Founded year

1850

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Thomson Reuters is a global content and technology company providing AI-powered legal, tax, accounting, trade, and risk management solutions to law firms, corporations, tax/audit firms, and government agencies, with its CoCounsel AI platform serving 1 million users globally.

Ownership category

akta.pro rank

Product category

Professional Information and Compliance Software

NAICS

Software Publishers (513210), Book Publishers (513130), Newspaper Publishers (513110)

SIC

Miscellaneous Publishing (2741), Books: Publishing Or Publishing & Printing (2731), Newspapers: Publishing Or Publishing & Printing (2711)

akta.pro primary industry

Legal & Regulatory Publishing (Case Law, Statutes, Treatises) (MPAJACAA)

akta.pro secondary industries

Finance, Accounting & Tax Reference (GAAP/IFRS, Audit, Compliance, Tax) (EDAGAGAE), Business, Financial & Trade News Publishers (MPAJADAC), E-book Subscription & Bundling Services (MPAJAMAB)

Keywords

• Legal research software
• Tax compliance platforms
• Accounting automation tools
• Regulatory intelligence solutions
• Professional AI assistants

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Services: Recurring subscription revenue from software platforms including Westlaw, CoCounsel, ONESOURCE, CLEAR, Practical Law, HighQ, and Legal Tracker. Annual and multi-year subscription contracts with tiered pricing based on user count and functionality.
2. Professional Services: Professional services revenue from tax, audit & accounting professional services including expert guidance and comprehensive product training.
3. Publishing and Books: Sale of legal and tax books including Black's Law Dictionary, ProView e-books, audit & accounting titles, and Tax Quickfinder handbooks through online store.
4. Data Licensing: Licensing of proprietary content databases including 150 years of legal expertise, regulatory content, and trade compliance data to enterprise customers.
5. API and Developer Services: Developer portal with APIs and developer tools enabling integration with Thomson Reuters platforms. API catalog and use case library available.

Pricing tiers

Go-to-market motion5 records

Distribution channels5 records

Marketing channels8 records

Core offering

Thomson Reuters provides subscription-based professional information, software, and technology tools for legal, tax, accounting, compliance, trade, and news professionals. Its flagship offerings—Westlaw, ONESOURCE, CLEAR, Practical Law, CoCounsel, HighQ, and Legal Tracker—deliver authoritative content, AI-assisted workflows, and integrated productivity solutions to corporations, law firms, accounting firms, and government agencies worldwide.

Product overview

Thomson Reuters is a global content and technology company that offers a comprehensive platform-plus-modules portfolio serving legal, tax, accounting, international trade, and risk/fraud professionals. The core offerings include CoCounsel (AI platform chosen by 1 million users globally), Westlaw (legal research), Practical Law (attorney-edited guidance), ONESOURCE+ (intelligent compliance network), CLEAR (investigations), and HighQ (legal collaboration). These core products are supplemented by numerous specialized modules including CoCounsel Tax/Audit for tax and audit workflows, Westlaw Edge/Advantage for enhanced legal research, ONESOURCE product family for tax compliance and trade management, CLEAR variants for investigations and risk, and various legal books/e-books. The portfolio is unified around Fiduciary-Grade AI principles, offering AI-powered research, analysis, drafting, automation, and knowledge retrieval across all professional domains. The company also provides a developer portal with APIs for integration purposes.

Differentiator

Problem solved

Functional benefit

Brands

• Reuters: Reuters News & Media - news agency providing international news coverage
• CoCounsel
• Westlaw
• Westlaw Edge
• Westlaw Advantage
• Practical Law
• HighQ
• Legal Tracker
• CLEAR
• ONESOURCE
• ONESOURCE+
• Core Publishing Solutions

Products and services

• Westlaw Premium legal research platform providing case law, statutes, regulations, and analytical content for law firms and legal departments.
• ONESOURCE Tax and accounting workflow platform for corporate tax departments and accounting firms, covering indirect tax, income tax, transfer pricing, and audit.
• CLEAR Investigative public records and risk intelligence platform for fraud, AML, KYC, and due diligence use cases for law enforcement and regulated institutions.
• CoCounsel AI-powered professional assistant built on Fiduciary-Grade AI that supports legal research, document review, drafting, and tax workflows for professionals.
• Practical Law Legal know-how and workflow resource service that provides practice notes, templates, and standard documents for legal professionals.
• Legal Tracker Matter management, e-billing, and legal spend analytics platform for in-house legal departments and outside counsel management.
• HighQ Collaboration and workflow platform for legal and compliance teams to manage documents, transactions, and project workflows.

Quantifiable outcome

• 5x ROI and 100% increase in litigation capacity
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature12 records

Partnerships

One partnership is on record.

• OraclecoreTechnology or IntegrationOracle partnership for ONESOURCE compliance platform integration. Thomson Reuters offers an end-to-end compliance platform for Oracle Fusion Cloud ERP users, consolidating compliance and reducing complexity while scaling tax and trade operations.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• RELX (LexisNexis): RELX owns LexisNexis, the most direct competitor to Thomson Reuters in legal research and information, with overlapping customer bases at law firms, corporations, and government agencies and similar subscription-based information services.
• Bloomberg Industry Group (formerly Bloomberg BNA): Provides legal, tax, and regulatory information and analytics to professionals, directly competing with Thomson Reuters in specialized legal and tax content and decision tools.
• Wolters Kluwer: A global information services company with deep overlap in tax, accounting, and regulatory compliance software (e.g., CCH), directly competing with Thomson Reuters' ONESOURCE and Practical Law franchises for professional customers.

Broad incumbents

• MSCI Inc. A subscription-based data and analytics company serving investment professionals, comparable as a high-margin, content-and-data moated business serving professional buyers in regulated industries.
• Moody's Corporation: Global risk assessment and data analytics company with subscription products serving finance, risk, and compliance professionals, comparable as a broad incumbent in professional information and analytics.
• London Stock Exchange Group (LSEG): Owns Refinitiv and major data and analytics franchises serving financial, risk, and compliance professionals; overlaps with Thomson Reuters in financial data, risk, and workflow content for enterprise customers.
• Verisk Analytics: A data analytics and risk-assessment provider for insurance, financial services, and government; comparable as a subscription-based data and analytics platform serving risk and compliance professionals that overlap with CLEAR and Fraud Detect use cases.
• S&P Global: A large diversified information services and ratings company serving financial, tax, and corporate customers with comparable subscription data products; while not a direct legal competitor, it competes for corporate information and analytics budgets.

Regional players

• Tyler Technologies: Provides software and data services to U.S. state and local government entities, overlapping with Thomson Reuters' government segment in legal matter management, courts, and public-sector compliance workflows.

Emerging players

• Harvey: An AI-native legal technology company building generative AI tools for law firms and corporate legal teams, directly targeting the same legal professional customers Thomson Reuters serves with CoCounsel and Westlaw AI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thomsonreuters
• YouTubeyoutube.com/thomsonreuters
• Facebookfacebook.com/ThomsonReutersESP
• LinkedInlinkedin.com/company/thomson-reuters-espana
• Instagraminstagram.com/thomsonreuters

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thomson Reuters