The Wall Street Journal’s Market Watch reports:
“The combined global markets for legal and business publishing grew 6.4% to $15.13 billion in 2007. Legal publishing continues to be the largest segment in professional publishing with revenue of $9.93 billion in 2007, up 6.9% from $9.3 billion in 2006.
The numbers come from, “Global Legal & Business Publishing 2008-2009,” a report from Simba Information, and Simba projects that sales in the legal (and business) markets will again grow in 2008, with a 5% increase to $15.89 billion.
Why the growth?
“The number of lawyers, paralegals, CPAs and accountants continues to increase, affording a steady market for publishers that supply the critical content and workflow these professionals rely on every day.”