Startups > Thomson Reuters

Thomson Reuters

Thomson Reuters delivers mission-critical information and AI-powered tools for legal, tax, and corporate professionals.

Venture Fund Not applicable—publicly traded company. Thomson Reuters Ventures (corporate VC arm) has $250M in committed capital ($100M Fund 1 launched 2021, $150M Fund 2 launched February 2025). total Founded 2008 United States

Thomson Reuters is a publicly traded enterprise information platform serving legal, tax, accounting, and corporate professionals worldwide. The company bundles authoritative content (Westlaw, Checkpoint, Reuters), workflow software, and generative AI tools into subscription and usage-based models. With $7.26B in annual revenue and 27,100 employees, Thomson Reuters maintains mission-critical relationships with 78% of U.S. courts and serves 75% of revenue from the U.S. market.

Problem solved

Legal, tax, and accounting professionals need authoritative, up-to-date information, research tools, and workflow automation to manage complex compliance, research, and documentation tasks efficiently.

Target customer

Legal professionals, tax and accounting firms, corporate legal departments, governments, and financial institutions globally. Primary revenue concentrated in U.S. market.

Website LinkedIn Crunchbase

Founders

Paul Julius Reuter

Founder (Reuters, 1851)

Former bank clerk who founded Reuters as a commercial news service in Great Britain in 1851.

Roy Thomson

Founder (Thomson, 1934)

Founded Thomson Corporation in 1934 in Ontario, Canada, as a newspaper publisher.

Steve Hasker

CEO

Former chief executive of Thomson's professional division; currently leads combined Thomson Reuters entity.

Funding history

Acquisition (Reuters by Thomson Corporation) $16.6B April 17, 2008 Led by Thomson Corporation · N/A

Total raised: Not applicable—publicly traded company. Thomson Reuters Ventures (corporate VC arm) has $250M in committed capital ($100M Fund 1 launched 2021, $150M Fund 2 launched February 2025).

Industries

Analytics Risk Management Software

Pricing

Not publicly available. Subscription and usage-based models with APIs, pay-per-search, and syndication options. Contact sales for customized quotes.

Notable customers

Not disclosed publicly. Serves legal professionals, tax and accounting firms, corporate legal departments, and governments worldwide.

Integrations

Microsoft Office, DocuSign, practice management software platforms, APIs for developers and corporate users, news syndication partnerships.

Website

thomsonreuters.com/

Competitors

LexisNexis

Dominant in legal practice management with 11.59% market share and larger legal document repository (43M vs Westlaw's 38M), but Thomson Reuters maintains stronger judicial relationships with 78% of U.S. courts.

Wolters Kluwer

Dominates tax software market with 58.92% share vs Thomson Reuters UltraTax CS at 2.53%, particularly strong in tax automation.

Bloomberg

Broader financial data and news focus; Thomson Reuters stronger in legal and tax professional workflows.

S&P Global

Wider market coverage and analytics; Thomson Reuters more specialized in legal, tax, and regulatory compliance.

FactSet

Focused on financial data and analytics for investment professionals; Thomson Reuters broader across legal, tax, and corporate workflows.

Why this matters: Thomson Reuters is a 170+-year-old enterprise titan undergoing significant AI transformation—$1.25B in recent acquisitions (Casetext, SafeSend) signal aggressive positioning in generative AI for professional workflows. Its established distribution (78% of U.S. courts, $7.26B revenue) combined with emerging AI copilots positions it as a formidable competitor to younger legal tech and fintech startups, making it both an acquisition target and threat to that ecosystem.

Best for: Legal firms, tax and accounting practices, in-house corporate legal departments, and government agencies that require mission-critical research, compliance, and workflow automation tools.

Use cases

Legal Research and Case Law Access

Law firms use Westlaw to access 38M+ legal documents, court filings, and case law for case preparation and precedent research. The platform's integration with court e-filing systems (78% of U.S. courts) streamlines document submission and case management.

Tax Compliance and Automation

Tax and accounting professionals use Checkpoint for tax research and UltraTax for return preparation, with recent SafeSend integration ($600M acquisition, Jan 2025) enabling automated tax document delivery and compliance tracking across client portfolios.

Corporate Risk and Regulatory Monitoring

In-house counsel and compliance teams use CLEAR and Pagero for due diligence, regulatory monitoring, and document automation. AI-powered assistants help teams stay current with regulatory changes and identify legal risks in contracts.

Global News and Market Intelligence

Institutional clients, media organizations, and corporate communications teams use Reuters news service and APIs to access real-time market data, breaking news, and industry intelligence for decision-making and content distribution.

Alternatives

LexisNexis Lexis+ Choose if you prioritize legal practice management and collaboration tools over broad tax and corporate compliance coverage.

Wolters Kluwer Tax Solutions Choose if tax software is your primary need; Wolters Kluwer dominates the tax market with 58.92% share vs Thomson Reuters' 2.53%.

Bloomberg Terminal Choose for broader financial markets data and real-time trading; Thomson Reuters stronger in legal and regulatory workflows.

FAQ

What is Thomson Reuters? +

Thomson Reuters is a publicly traded enterprise information platform created in 2008 from the merger of Thomson Corporation and Reuters Group. It serves legal, tax, accounting, and corporate professionals with mission-critical content, research tools, and AI-powered workflow software. With $7.26B in annual revenue, it maintains dominant relationships with U.S. courts and financial institutions globally.

What are Thomson Reuters' main products? +

Key products include Westlaw (legal research), Practical Law (legal guidance), Checkpoint (tax research), UltraTax (tax preparation), CLEAR (due diligence), Pagero (document automation), and Reuters News. Most products integrate AI copilots to enhance research and workflow efficiency.

How much does Thomson Reuters cost? +

Pricing is not publicly available. Thomson Reuters uses subscription and usage-based models with customized pricing. Interested users should contact their sales team for quotes.

Who uses Thomson Reuters? +

Legal professionals, tax and accounting firms, in-house corporate legal departments, governments, and financial institutions. Approximately 75% of revenue comes from the U.S. market.

How does Thomson Reuters compare to LexisNexis? +

LexisNexis leads in legal practice management with 11.59% market share and a larger legal document repository (43M vs 38M documents). However, Thomson Reuters maintains stronger judicial relationships with 78% of U.S. courts. Thomson Reuters also offers broader tax and corporate compliance tools.

What is Thomson Reuters Ventures? +

Thomson Reuters Ventures is the company's corporate venture capital arm with $250M in committed capital across two funds (Fund 1: $100M launched 2021; Fund 2: $150M launched February 2025). It has made 23 investments in early-stage technology companies focused on legal tech, financial services, and adjacent areas.

What recent acquisitions has Thomson Reuters made? +

In January 2025, Thomson Reuters acquired SafeSend for $600M to enhance tax automation. In 2023, it acquired Casetext for $650M to accelerate generative AI capabilities for legal professionals, launching multiple AI-powered research assistants across its product portfolio.