On Wednesday, Dutch information services company Wolters Kluwer announced that it was bringing its two main legal products groups together under one roof.

The company’s Enterprise Legal Management (ELM) Solutions business will now be aligned with its Legal & Regulatory (LR) division, “bringing the company’s legal software assets closer together to enhance product innovation,” according to the announcement, which came as part of Wolters Kluwer’s 2022 Full-Year Report to investors.

Previously, Wolters Kluwer ELM Solutions was part of the company’s Government, Risk & Compliance (GRC) business, which also houses its financial technology business lines. Wolters Kluwer is also creating a new division, Corporate Performance & ESG (CP & ESG). Wolters Kluwer Enablon, previously part of the LR division, will move to CP & ESG.

“The new division brings together [Wolters Kluwer's] global software businesses that focus on corporate performance management, environmental health and safety (EHS), and risk,” according to the report.

“LR’s Legal Software BU [business unit] and ELM serve similar customer needs in different geographies and segments of the market,” a Wolters Kluwer spokesperson told Legaltech News in an email. “For example, Legisway serves corporate legal departments in small and medium sized companies, while ELM serves corporate legal departments in large corporations. The change will bring our legal tech assets closer together to enhance cross-selling and product innovation opportunities. ”

The spokesperson also confirmed that Wolters Kluwer antipicated no staffing changes as a result of the reorganization, with Martin O’Malley continuing on as CEO of the LR division, and Raja Sengupta continuing to serve as executive vice president and general manager of ELM Solutions, now part of the LR division.

The company also told Legaltech News that they expect no layoffs as a result of today’s announcement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]