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47-468: The Public Access Scheme was established in 2004. The scheme allowed members of the public to instruct barristers directly, without the involvement of a solicitor for the first time in more than a century. There was initially uncertainty as to whether clients would understand the limitations of barristers’ work. Over the course of numerous consultations conducted by the Bar Standards Board ,

94-597: A dual-listed company ("DLC") structure and had two parent companies, both of which were publicly listed — Thomson Reuters Corporation and Thomson Reuters plc. In 2009, it unified its dual listed company structure and stopped its listing on the London Stock Exchange and NASDAQ . As of October 2022, it is listed only as Thomson Reuters Corporation on the New York Stock Exchange and Toronto Stock Exchange (symbol: TRI). Thomson Reuters

141-699: A contract with the London Stock Exchange to provide stock prices from the continental exchanges in return for access to London prices, which he then supplied to stockbrokers in Paris. In 1865, Reuters in London was the first organization to report the assassination of Abraham Lincoln . The company was involved in developing the use of radio in 1923. It was acquired by the British National & Provincial Press in 1941, and it first listed on

188-505: A current practising certificate. BSB licensed bodies (also known as "Alternative Business Structures" or ABSs), however, are owned and managed jointly by both authorised and non-authorised individuals. The Bar Standards Board held a workshop at the 2016 Annual Bar Conference, and authorised the first three Licensed Bodies in April 2017, including VII Law, Minerva Law and ShenSmith Law. Licensed bodies have been reported by Thomson Reuters as

235-483: A hack-for-hire company based in India, forcefully took a photograph of Kumar, a small scale Indian herbal businessman for an alleged hacker Sumit Gupta of Belltrox . Kumar had showed his identity proof that he is not the alleged hacker but one of the three journalists took his photograph and used in their story. The businessman was questioned by the police, suffered reputation damage and business loss, and later relocated to

282-464: A leading innovation of the legal industry. In 2019, the BSB announced it would be withdrawing from Legal Choices, a consumer-facing website designed to help the public to access information about legal issues and legal advisers. The Legal Services Board criticised the BSB's decision, suggesting that regulators needed to do more to help consumers to understand legal services and compare providers. During

329-476: A new licence ("ERL") allowing customers, for a monthly fee, to use Reuters Instrument Codes (RICs) in applications for data sourced from Thomson Reuters' real time consolidated datafeed competitors to which they have moved. Historically, no single individual has been permitted to own more than 15% of Reuters, under the first of the Reuters Principles, which states, "Reuters shall at no time pass into

376-404: A reason given or loss of internet connection. Students were also unable to take a break for any reason, leading to several students urinating in receptacles while still sitting their exams. The BSB apologised to students and appointed an independent review, led by Professor Rebecca Huxley-Binns. The review concluded that the BSB had made the correct decision to cancel the April exams and take on

423-536: A senior barrister she could be expected to be aware of the cab-rank rule and its operation in practice. Taking this at its highest, this might possibly amount to evidence of recklessness.” Rose had not been given the opportunity to respond to the complaint. The BSB later clarified that no regulatory action had been taken against Rose, and that she had been correct to act in accordance with the cab-rank rule. Thomson Reuters Thomson Reuters Corporation ( / ˈ r ɔɪ t ər z / ROY -tərz )

470-659: Is a Canadian multinational information conglomerate . The company was founded in Toronto , Ontario, Canada and maintains its headquarters at 19 Duncan Street there. Thomson Reuters was created by the Thomson Corporation 's purchase of the British company Reuters Group on 17 April 2008. It is majority-owned by The Woodbridge Company , a holding company for the Thomson family of Canada. The forerunner of

517-565: Is a specialised paralegal resource catering to barristers and clients who work together within the framework of the Public Access Scheme. This law -related article is a stub . You can help Misplaced Pages by expanding it . Bar Standards Board The Bar Standards Board regulates barristers in England and Wales for the public interest. It is responsible for: The BSB's functions were originally carried out by

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564-421: Is in both the client's best interests and in the interests of justice. Therefore, in complicated cases barristers must recommend to clients that they obtain external support from a solicitor. However, since the expense of using a solicitor can potentially defeat the 'cost-saving' purpose of the Public Access Scheme, consumers have the option of using a provider of Public Access Legal Support service (PALS), which

611-626: Is responsible for setting the standards of conduct at the Bar. This is delivered through the BSB Handbook, the current version of which was released in 2020. The BSB Handbook is structured around the Core Duties (Part 2 of the Handbook), which underpin the full regulatory framework. It also has specific rules for certain circumstances. The Handbook outlines the intended regulatory outcomes for

658-836: The Sunday Times . He separately acquired the Times in 1967. He moved into the airline business in 1965, when he acquired Britannia Airways , and into oil and gas exploration in 1971, when he participated in a consortium to exploit reserves in the North Sea . Following the death of Thomson, the company withdrew from national newspapers and broadcast media, selling the Times and the Sunday Times to Rupert Murdoch 's News International in 1981, and instead moved into publishing, buying Sweet & Maxwell in 1988. The company at this time

705-778: The COVID-19 pandemic , the BSB postponed the April sitting of the centralised assessments for the BPTC. It announced that Pearson VUE would deliver the exams remotely in August. A small number of exams could be sat in physical centres where reasonable adjustments were required. Students alleged that the proposals were discriminatory against those with caring responsibilities, living in noisy houses or with poor internet connection, those menstruating, or those who required breaks. They also claimed that international students in different time zones would be negatively affected. They therefore called for

752-666: The Clinton Foundation . Thomson Reuters owns and operates the Consolidated Lead Evaluation and Reporting ( CLEAR ) database, which scrapes personal and identifying data for use in law enforcement, corporate security, and fraud investigations. Per the company's marketing, CLEAR compiles public records, phone records, utility records, social media information, credit history , motor vehicle registration data, and automatic license plate reader scans to create files on its subjects. CLEAR has been

799-692: The European Commission . On 19 February 2008, both the Department of Justice and the Commission cleared the transaction subject to minor divestments. The Department of Justice required the parties to sell copies of the data contained in the following products: Thomson's WorldScope, a global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters Aftermarket (Embargoed) Research Database, an analyst research distribution product. The proposed settlement further requires

846-621: The General Council of the Bar , the barristers' representative body, until 2006 when the Bar Council created the BSB as an independent regulator. The Legal Services Board has once - in 2013 - questioned the independence of the BSB from the Bar Council. The BSB's governing board meets monthly at its headquarters in High Holborn, London, and holds public and private sessions. It has a majority of lay (non-barrister) members and

893-439: The consumer price index ). In 2012, Thomson Reuters sold its Healthcare division to Veritas Capital , who renamed the business Truven Health Analytics . IBM Corporation acquired Truven Health Analytics on February 18, 2016, and merged it with IBM's Watson Health unit. On June 30, 2022, Francisco Partners announced the completion of acquiring Watson Health and launched a healthcare data company named Merative . Clarivate

940-461: The American government and police in active criminal investigations and against threats to national security or public safety. In February 2020, a group of Thomson Reuters shareholders criticized the company's involvement with ICE for immigrant tracking. In 2020, three Reuters investigative journalists, Raphael Satter, Christopher Bing and Jack Stubbs, who were conducting an investigation about

987-486: The Financial & Risk division makes for over half of the company's revenue. Thomson Reuters competes with Bloomberg L.P. , in aggregating financial and legal news. Thomson Reuters subscriptions compete with open access alternatives, accessible through open data and open source aggregators such as Unpaywall , which can help counter the increase in subscription costs (+779% in the 1995–2015 period vs. 58% for

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1034-501: The Independent Decision-making Body. If the barrister agrees and the matter is not serious, the panel can impose a fine, restrictions on their licence to practice, order them to complete ongoing professional development, or they can reprimand them. If the barrister disputes what happened, or the matter is more serious, the case is passed onto a Disciplinary tribunal. Disciplinary tribunals are arranged by

1081-611: The London Stock Exchange in 1984. Reuters began to grow rapidly in the 1980s, widening the range of its business products and expanding its global reporting network for media, financial and economic services. Key product launches included Equities 2000 (1987), Dealing 2000-2 (1992), Business Briefing (1994), Reuters Television for the financial markets (1994), 3000 Series (1996) and the Reuters 3000 Xtra service (1999). The Thomson Corporation acquired Reuters Group plc to form Thomson Reuters on 17 April 2008. Thomson Reuters operated under

1128-449: The Public Access Scheme for consumers of legal services is the opportunity to save on legal costs, specifically solicitor's fees. However, removing solicitors from the processes of running a legal case often requires that clients themselves must perform the majority of document management, filing, and other related activities in the context of conducting litigation. Barristers are not allowed to take on public access clients unless doing so

1175-771: The Reuters Trust. Woodbridge will be allowed an exemption from the First Principle as long as it remains controlled by the Thomson family. The chief executive of the combined company is Steve Hasker, who was the chief executive for the professional division, and the chairman is David Thomson . In 2018, the company was organized around four divisions: Legal, Reuters News Agency, Tax & Accounting, and Government. Former divisions: Intellectual Property & Science, Financial & Risk, Thomson Healthcare, and Scholarly & Scientific Research. As of 2018,

1222-636: The Thomson company was founded in 1934 by Roy Thomson in Ontario as the publisher of The Timmins Daily Press . In 1953, Thomson acquired the Scotsman newspaper and moved to Scotland the following year. He consolidated his media position in Scotland in 1957, when he won the franchise for Scottish Television . In 1959, he bought the Kemsley Group, a purchase that eventually gave him control of

1269-487: The area of real-time market datafeeds, and particularly, whether customers or competitors were prevented from translating Reuters Instrument Codes (RICs) to alternative identification codes of other datafeed suppliers (so-called 'mapping') to the detriment of competition. In December 2012, the European Commission adopted a decision that renders legally binding the commitments offered by Thomson Reuters to create

1316-713: The arrangements for transferring lawyers and issues approvals from the Authorisations team to applicants. The BSB is responsible for assuring competence, which it does through the Professional Statement and through Continuing Professional Development (CPD). There are separate programmes for CPD for new and established practitioners. The Bar Standards Board also authorise and regulate "BSB entities", which fall into two distinct bodies: BSB authorised bodies (previously referred to as "entities") are fully owned and managed by authorised, such as lawyers with

1363-421: The arrangements of the August exams, and the correct decision to use Pearson VUE to deliver online exams, either at home or in a test centre. However, the review also concluded that the closed book format and the decision not to allow breaks both contributed to the outcomes. Finally, the review suggested that the statistical analysis provided by Pearson VUE about how many examinations had been successfully delivered

1410-659: The company also sold the Physician's Desk Reference to Lee Equity Partners . The company has been highly acquisitive, completing over 200 acquisitions between 2008 and 2018. This includes: Thomson Reuters has sponsored Canadian golf champion Mike Weir and the Williams Grand Prix Engineering Formula One team. It also sponsors Marketplace , a radio show from American Public Media . Thomson Reuters, among other media corporations, also donated hundreds of thousands of dollars to

1457-478: The databases and assets to quickly establish themselves as a credible competitive force in the marketplace in competition with the merged entity, re-establishing the pre-merger rivalry in the respective fields." These remedies were viewed as very minor given the scope of the transaction. According to the Financial Times , "the remedy proposed by the competition authorities will affect no more than $ 25m of

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1504-450: The exams to be delivered as open book. After the BSB responded, students also suggested that the arrangements were not suitable for those shielding from COVID-19. Pearson VUE also had extremely strict anti-cheating protocols, meaning that if another person was detected in any way, the exam would be terminated with no score given. During the exams, they were hit with a wide range of technical problems, such as exams being terminated without

1551-553: The financial data provision business of the combined company, and because of the threat to Reuters's reputation for unbiased journalism by the appearance of one majority shareholder. Pehr Gyllenhammar , Chairman of the Reuters Founders Share Company, explained that the Reuters Trust's First Principle had been waived for the Thomson family because of the poor financial circumstances that Reuters had been in, stating, "The future of Reuters takes precedence over

1598-469: The hands of any one interest, group or faction." However, that restriction was waived for the purchase by Thomson, whose family holding company, the Woodbridge Company currently owns 53% of the enlarged business. Robert Peston, business editor at BBC News , stated that this has worried Reuters journalists, both because they are concerned that Reuters' journalism business will be marginalized by

1645-527: The independent Bar Tribunals and Adjudication Service and can be made up of either three or five people. The BSB oversees the process to qualify as a barrister. After consultation, it approved four new pathways to qualifying as a barrister: the three-step pathway, the four-step pathway, the integrated pathway, and the apprenticeship pathway. This replaced the Bar Professional Training Course (BPTC) in 2020. The BSB also oversees

1692-552: The licensing of related intellectual property, access to personnel, and transitional support to ensure that the buyer of each set of data can continue to update its database so as to continue to offer users a viable and competitive product. The European Commission imposed similar divestments: according to the commission's press release, "the parties committed to divest the databases containing the content sets of such financial information products, together with relevant assets, personnel and customer base as appropriate to allow purchasers of

1739-523: The merger of Thomson Financial and Reuters. (The Lipper Fiduciary Services and Lipper FMI was purchased by Broadridge Financial Solutions in May 2015.) In 2009, Thomas Reuters acquired numerous companies, including data mining provider Streamlogics, tick data company Vhayu Technologies, European PR distribution group Hugin Group, Breaking Views , and Deloitte 's Abacus corporate taxation software. That year,

1786-545: The new Thomson Reuters group's $ 13bn-plus combined revenues." The transaction was cleared by the Canadian Competition Bureau. In November 2009, the European Commission opened formal antitrust proceedings against Thomson Reuters concerning a potential infringement of the EC Treaty's rules on abuse of a dominant market position (Article 82). The Commission investigated Thomson Reuters' practices in

1833-404: The principles. If Reuters were not strong enough to continue on its own, the principles would have no meaning." He stated, not having met David Thomson but having discussed the matter with Geoff Beattie, the president of Woodbridge, that the Thomson family had agreed to vote as directed by the Reuters Founders Share Company on any matter that the trustees might deem to threaten the five principles of

1880-553: The remainder are barristers. Its chair is Kathryn Stone OBE. The vice-chair is Andrew Mitchell KC. since January 2021. He replaced Naomi Ellenbogen KC who was appointed to the High Court on 2 November 2020. Members of the BSB's board as of December 2019 are: Barrister Members: Andrew Mitchell KC, Leslie Thomas KC, Elizabeth Prochaska, Adam Solomon KC and Irena Sabic. Lay Members: Alison Allden OBE, Steven Haines, Emir Feisal, Kathryn Stone OBE, and Stephen Thornton CBE. The BSB

1927-622: The rules for public access practice were gradually relaxed to serve the public interest, particularly in light of pending cuts to Legal Aid funding. The current Public Access rules, which enable a wider scope of direct public access to barristers than previous versions, are covered in C119-C131 of the Code of Conduct contained in the Bar Standards Board Handbook which came into force on 15 April 2015. The main advantage of

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1974-402: The rules. The BSB receives approximately 2,000 reports about the conduct of barristers each year. Of these, less than one percent are typically suspended or disbarred. Reports are categorised according to whether staff members at the BSB can impose an administrative sanction (typically a written warning or up to £1,000 fine) or whether they are required to be passed to the five-person panel of

2021-464: The subject of numerous lawsuits alleging invasions of privacy and other violations of civil liberties. In November 2019, two groups of legal scholars and human rights activists called on Thomson Reuters to cease providing U.S. Immigration and Customs Enforcement and Palantir Technologies access to information through CLEAR, which has enabled the deportation of illegal immigrants . A company representative replied that Thomson Reuters will help

2068-551: Was formerly the Intellectual Property and Science division of Thomson Reuters. Before 2008, it was known as Thomson Scientific. In 2016, Thomson Reuters struck a $ 3.55 billion deal in which they spun it off as an independent company, and sold it to private-equity firms Onex Corporation and Baring Private Equity Asia . In 1998, Reuters Group plc acquired Lipper Analytical as a wholly owned subsidiary. Lipper became part of Thomson Reuters in April 2008, following

2115-694: Was known as the International Thomson Organization Ltd (ITOL). In 1989, ITOL merged with Thomson Newspapers, forming the Thomson Corporation. In 1996, the Thomson Corporation acquired West Publishing , a purveyor of legal research and services (including Westlaw ). The company was founded in 1851 by Paul Julius Reuter in London as a business transmitting stock market quotations. Reuter set up his "Submarine Telegraph" office in October 1851 and negotiated

2162-668: Was not reliable. In 2022, the Bar Standards Board apologised to Dinah Rose KC for making a statement about how it handled a complaint against her. Rose had acted for the Cayman Islands government before the Privy Council, arguing that the Caribbean islands’ constitution did not give same-sex couples the right to marry. A complaint was made against her, and the BSB responded to the complainant that “As

2209-475: Was ranked first in Interbrand's 2010 ranking of Canadian corporate brands. In February 2013, Thomson Reuters announced it would cut 2,500 jobs to cut costs in its legal, financial and risk divisions. In October 2013, Thomson Reuters announced it would cut another 3,000 jobs, mostly in those same three divisions. The Thomson-Reuters merger transaction was reviewed by the U.S. Department of Justice and by

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