With revenues last year of some $5.5 billion, the Dutch company Wolters Kluwer is a major global publishing and technology company for professionals in law, health, accounting and compliance. But something that always seemed askew to me about its corporate organization was that its two principal legal product groups, Enterprise Legal Management Solutions (ELM) and Legal & Regulatory (LR), operated as separate businesses.
Now that has changed, as Wolters Kluwer announced today that the ELM unit is being transferred to the LR division, where, the company said, “we see opportunities for closer alignment with our legal software business.”
Wolters Kluwer made the announcement as part of its full-year report to investors.
ELM previously was part of the company Governance, Risk & Compliance business, which was also home to financial technology lines.
But now the company is forming a new division, Corporate Performance & ESG, that brings together its various software businesses that focus on