Is Legal Publishing a Dying Industry?

From a Liberum Capital report highlighted by Jason Wilson at rethinc.k:

Legal publishing margins have fallen from an estimated 25% in 2008 to 14% in 2011, and organic revenue growth has seen two years of organic revenue declines followed by anaemic growth in 2011. We do not see this recovering. It is clear that the legal publishing business will remain under considerable structural challenge[.]

See also Robert McKay’s post, The End of Legal Publishing?.

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  • I was thinking about this the other day. Now that our state rules of civil procedure are available online, what’s the point of buying a copy?

  • Mr. McKay should read your recent post on editing.

    MCG

  • Andrew

    Well, I think that part of the problem is the *massive* cost of legal material in print. As a young attorney, I just can’t afford to spend $3,000 on a reporter series that’s available for free online and in a more convenient format. These materials are in the public domain – how can the exorbitantly high rates possibly be justified?