Thomson Reuters Acquires Australian Online Document Company

Today it was announced that Thomson Reuters has acquired the Australian online document company Cleardocs. (Go here for the ABA Journal’s brief article about the deal.) Using some form of document assembly, Cleardocs allows users to create, among other things, company documents, employment agreements, and trust documents.

After noting that there should be a moratorium on document companies with “docs” in their name, my first thought was that this deal serves as another sign that document assembly has entered the mainstream.

But it appears that Cleardocs primarily aims to facilitate corporate housekeeping. (That explains why it will be aligned with Thomson Reuters’ tax and accounting business in Australia.) As such, in terms of its ambitions Cleardocs falls somewhere between LegalZoom and Koncision.

About the author

Ken Adams is the leading authority on how to say clearly whatever you want to say in a contract. He’s author of A Manual of Style for Contract Drafting, and he offers online and in-person training around the world. He’s also chief content officer of LegalSifter, Inc., a company that combines artificial intelligence and expertise to assist with review of contracts.