According to the AmLaw Daily,[1] "The company was set up in the early 1990s by Chris Millerchip and Rob Dow to publish PLC Magazine.
Since then it has expanded to provide predominantly web-based subscription services to law firms and law departments across a range of specialist subject areas such as corporate, finance, property, tax and intellectual property.
Ten years later, the company developed a set of Web-based tools meant to help transactional lawyers work more efficiently.
Practical Law created—and continues to update—practice notes, document templates, standard clauses, deal checklists, and tools that lay out the basics of dealmaking for junior associates."
Practical Law was acquired in 2013 by Thomson Reuters in a deal speculated by senior industry sources to be worth £300m.