I know a little bit about this company's history and am considering an opportunity with this team. But some of the comments on here make me nervous. Are there any areas of growth at this company, or is it all going downhill fast?
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Attorney editor roles are not being sent overseas! TR is hiring for that job all over, including PL. the person above mentioned that PL is a bit separate because it’s a growth engine. That is true and they get paid more than other editorial groups. Is it better than a law firm? Yes. From an editorial perspective it is better than the other editorial groups but if you don’t have big law experience you won’t grow within PL.
I work in legal but not PL. The offshoring of every group we work with has made the job damn near impossible and I can’t imagine PL is much different. They tout the work/life balance but if you’re any good you’ll end up with a mountain of work and pay more like you’d expect of starter jobs with a Bachelor’s requirement instead of a JD and years of experience.
@3lqn+1fgmy6io I think it's quite impractical to recommend anything related to TR to anyone. It's practically an impractical place to toil. And they will practically be out of biz in a few yrs when they sell out.
Based on the replies so far, not sure anyone here knows much about Practical Law. It is actually fairly insulated within TR, because it is “growth engine”. I wouldn’t recommend TR to a friend; however, Practical Law is a bit different. If you are an expert in a legal area and getting one of those positions, they pay well and you get a decent work life balance (compared to Large Law or Corporate In-house). Also, editors can move into People or Product Management roles and change up their careers over time. On the product side, lots of development happening, again because of the growth potential. Exciting place within TR, which is otherwise sad.
Run! A leopard doesn't change its spots. And this company is DOA.
There aren’t any bright spots because they have taken a strong anti-employee position. Avoid at all costs.
Take a look at the q4 financials released last week to the public.
There are plenty of areas of growth in the company. Government is growing fast. Stay away from anything accounting related, and don't get too tied to any one product, since those jobs can disappear on a whim. The company isn't sinking but it is kind of going through an identity crisis, with no clear idea of what it wants to be. That is either exciting or stressful. It is probably fine for a short-term ride, maybe 5 years or less, but unless you're at an upper management/exec level I wouldn't tie your wagon to it.
Legal editor roles and technology are offshored. Sales are being moved to digital for PL. Leadership roles are Toronto and Zug. The rest of the roles are in or being moved to IN, MX, and PH.
It's a good stepping stone to whatever you want to do next. They're trying to get rid of Attorney Editors as the company deem them to make too much.
How do you get rid of them, you ask? By automating them. They're working on AI interpreting and analyzing laws. You can be part of that AI program and that'll make your employment at TR longer. Otherwise, say hello to Skynet PL Editor.
The company always boasts they have like 100 out of 100 of the top law firms using their software. How can you grow if you have all of the customers?
They only grow by squeezing and raising the prices. I don’t know about Practical Law, but even over in FindLaw where they build websites for small law firms they have had the same number of websites for the last 10 years.
There is no growth. It’s only raise prices and sell new products if they have them.
The rate at which clients leave and new ones come is flat. Zero growth.
Nobody wants to talk about the elephant in the room or rather that the emperor has no clothes.
Only areas of growth appear overseas, as they've invested in Hyderabad and Manila. They're moving much of the operations outside of the U.S.
NOOOO!!!! DON'T DO IT!!!! RUN!!! RUN WHILE YOU CAN!!!
Ask that type of question on this website? You could have posted that on any organization on this forum and the answers would have all been the same. According to everyone on this site most (if not all) are closing, going out of business, lack leadership and will soon be extinct.
TR is a sinking ship. Go anywhere else. Don’t waste your time here.