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Law Librarians Still Concerned About Who Dominates Market in Paper Legal Research Materials

By Eric Lipman

We -- like many other legal bloggers -- have often written about competition between online legal research providers, both the "Wexisberg" big boys and the so-called "second tier." But coverage of law books these days seems to focus more on how they can be used in home decor. Some attorneys still read books, however, and some law librarians don't like that, as far as "commercially published state law materials" go, they are often dealing with an actual or a near-monopoly. Joe Hodnicki at the Law Librarian Blog, is one of those law librarians, and has a suggestion for any entrepreneurs seeking to enter this market to turn a (relatively) quick profit: A Business Plan for Joe's Ohio Law Book Co. Form an LLC or corporation and find a venture capitalist for financing. Just like Internet start-ups in the late 1990s, explain that the ROI will come after you have launched some "enhanced primary law" state titles and garnered enough sales to wake up Big Capital. No, the profit won't come from those sales. The ROI will come when Thomson Reuters offers to buy out your company to eliminate the competition in "their market." Hodnicki seems to think that old TR...

Full post as published by Legal Blog Watch on June 09, 2010 (boomark / email).