February 19, 2013

Clifford Chance and Thomson Reuters to provide unified eLearning offering

Global learning solution helps financial services firms and corporates drive their compliance strategies in the fields of competition / anti-trust and anti-corruption / anti-bribery

LONDON – Clifford Chance and Thomson Reuters, world leading providers of legal and information services respectively, have launched a suite of eLearning courses on a variety of topics including competition and anti-corruption. The eLearning offering enables compliance, legal and HR officers to monitor training on a real time, enterprise-wide basis, and aligns Clifford Chance's leadership and knowhow in competition and other regulatory regimes with Thomson Reuters best in class technology solutions.

The joint initiative helps businesses to reduce the cost and time associated with training staff members, and to mitigate the risk of the substantial costs incurred when regulators expose gaps in compliance strategies. Deploying the eLearning platform to raise internal awareness and understanding of competition and anti-corruption laws forms an integral part of a robust approach to compliance, particularly in a challenging business environment where failure to manage risk effectively has led to substantial fines, reputational damage, and criminal convictions for individuals and company directors and officers.

The platform is strong on the key points of intuitive learning, monitoring course completion and cost-effectiveness. Clifford Chance has developed plain-speaking content and case studies to make the training practical and memorable. Each of the interactive courses, available in a range of languages, takes a modular approach, progressively introducing key learning points. Comprehension is tested through an online quiz.

Compliance officers and those responsible for rolling out and administering training can monitor and track learning on a real time, enterprise-wide basis. Thomson Reuters Accelus is an established eLearning business that already delivers courses in 19 different languages to more than 500 clients and 600,000 users globally on a wide range of topics in categories such as Induction and Awareness, Financial Crime, Business Conduct and Governance and Risk Management.

“We are delighted to work alongside Thomson Reuters on this landmark initiative,” said Alex Nourry, partner and head of the London Antitrust Practice at Clifford Chance. “Combining our understanding of competition and anti-corruption with the leadership that Thomson Reuters brings to technology solutions has resulted in a vital source of learning.”

“This partnership with Clifford Chance is an exciting proposition for us as a business,” said Mark Schlageter, managing director, Governance, Risk & Compliance, Thomson Reuters. “We have seen tremendous demand for our eLearning solutions as organisations better understand the need to equip compliance teams with the most up-to-date and relevant information to support corporate governance processes. The partnership supports our ongoing commitment to meet clients’ demanding regulatory and best practice requirements, structuring delivery around the real needs of users.”

Clifford Chance

Clifford Chance is one of the world's leading law firms, helping clients achieve their goals by combining the highest global standards with local expertise. The Firm has unrivalled scale and depth of legal resources across the five major regions of Africa, the Americas, Asia Pacific, Europe and the Middle East, and focuses on the core areas of commercial activity: capital markets; corporate and M&A; finance and banking; real estate; tax, pensions and employment; litigation and dispute resolution. Clifford Chance has 35 offices in 25 countries with some 3,400 legal advisers. The Firm also operates a co-operation agreement with Al-Jadaan & Partners Law Firm in Saudi Arabia.

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.  For more information, go to: http://thomsonreuters.com