Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer Legal & Regulatory has entered into exclusive discussions with Karnov Group following a binding offer to sell its legal information businesses in France and Spain. The transaction is expected to provide €120 million in cash, subject to antitrust approval in Spain. The divestment, which will focus on strengthening Wolters Kluwer’s position in core markets, generated approximately €85 million in 2020, representing around 9% of the division's revenues. Completion is anticipated in 2022, with the units continuing to be consolidated until then.

Wolters Kluwer Health has appointed Anne Donovan as the Vice President and General Manager of its Health Language business. Her focus will be on enhancing clinical data quality and interoperability solutions amid the increasing challenges of non-standard clinical data. Donovan aims to expand product lines in clinical natural language processing and risk adjustment. She brings over 20 years of experience in analytics and operations, previously holding leadership roles in notable healthcare companies.

Wolters Kluwer ELM Solutions highlights insights from its LegalVIEW database, which now exceeds $150 billion in invoices. The third LegalVIEW Insights report reveals that 56% of corporate legal departments see their top 10 legal matters making up 20-40% of spending. It emphasizes that many legal departments are underutilizing technology and managed services to control costs, with only 2.2% of megamatters being managed by alternative legal service providers. The report also links megamatter trends to total spend, underlining the importance of communication among stakeholders.

The HFS Research panel, featuring Sandeep Sacheti from Wolters Kluwer, will discuss how rising attrition rates are affecting technology and services leaders. The roundtable titled "The Great Resignation Debate: How Our Industry Can Survive the Great Talent Dearth" is scheduled for December 9 at 10 a.m. ET. Attrition rates have surged globally, reportedly ranging from 25% to 75%, presenting challenges in retaining talent. The discussion will cover employee flexibility, wage inflation, and the impact of talent drain on process automation goals.

Wolters Kluwer Tax & Accounting addresses the tax implications of creating and investing in non-fungible tokens (NFTs), noting that the IRS has not yet provided specific guidance. The sale of NFTs can lead to ordinary income for creators, while investors may face capital gains tax on sales. NFTs are treated differently from cryptocurrencies, particularly regarding collectibles and losses. The volatility of NFTs adds unpredictability to potential gains or losses. Tax reporting requirements may also apply under the Infrastructure Investment and Jobs Act.

Wolters Kluwer Tax & Accounting has announced its inaugural CCH® Innovations Conference taking place on December 7, 2021. This virtual event is designed for tax, accounting, and audit practitioners, aimed at enhancing digital transformation across the industry. Attendees will have access to keynotes from renowned speakers, including IRS Commissioner Charles Rettig, and will earn up to 6 CPE credits through expert-led sessions. The conference will address challenges posed by rapid technological advancements and provide insights into innovative practices for the upcoming tax season.