In July 2015 LexisNexis acquired MLex, a newsletter service specializing in international
legal analysis of regulatory risk. In recent years MLex has cracked the US market as a “must read” for antitrust lawyers. MLex editors employ an
investigative approach combined with in-depth forensic examination of issues by reporters, lawyers and industry experts located in 15 bureaus around the world.
In the last eight months they have launched two new products emerging from vortexes of regulatory uncertainty: Brexit and the election of Donald Trump. These two newsletters will be examined in part two of this post.
Bloomberg in 1993 when Bloomberg had only 17 reporters in Europe. McLeod focused on antitrust and merger control in Paris, covered energy and investment banking in London and was promoted to bureau chief in Belgium. McLeod traces his idea for MLex back to 2004. As Internet browsers began eroding the market share of traditional newspapers, the owners of news outlets responded by cutting the most highly compensated reporters – the ones who covered the most complex regulatory and business issues. Newspapers began seeking business and regulatory content from news agencies like Bloomberg and Reuters. There was one catch. Newspaper editors wanted “copy” but they wanted “watered down” versions for general news readers. McLeod recognized that there was still a market for very sophisticated business coverage or as he likes to say …“smart copy.”
It took 120 Years for antitrust regulation to
spread around the world from US.
It took 40 years for anti bribery to spread around
the world from the US.
It took only 12 years for data privacy and
security regulation to go global.
risk exposure on other issues. This convergence will increase the risk of
litigation. According to McLeod “Companies which operate multiple jurisdictions have to update their compliance materials every three months. The job of the
global GC is to keep the CEO out of prison.”