Question · Q4 2016
Ian Whittaker from Liberum asked for the rationale behind management's confidence in the long-term attractiveness of the legal market. He also inquired if a potential push for deregulation in the U.S. would be a concern for the business.
Answer
CEO Nancy McKinstry explained the legal market remains attractive due to the long-term growth in the number of professionals and their increasing adoption of workflow tools. Regarding deregulation, she stated that any form of regulatory change, including simplification, creates complexity that clients need help navigating, which is a net positive for Wolters Kluwer. She also highlighted the importance of global and state-level regulations for their clients.