RELX, parent company of Lexis Legal & Professional, reported its annual earnings yesterday. Lexis L & P’s revenues for 2015 were £1,443m, compared to £1,396m in 2014, yielding a modest 1% increase in revenue. Operating profit for 2015 was £274m up 7% from £260m in 2014 and yielding an operating profit margin of 18.9%, up 40 basis points from 2014.
Using today’s pound sterling to US dollars conversion rate, the combined revenue of TR Legal and Lexis L & P for 2015 was $5.45 billion, with TR Legal capturing 62% of the market, leaving 38% to Lexis. Of course, we do not have Bloomberg Law’s financials because it is a privately held company so market share cannot be more accurately determined. — Joe