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Dutch legal library service SWETS pops its clogs

The Dutch-based library and subscriptions service agency SWETS Information Services, which serves (or at least used to serve) many of the UK and Europe’s law firms with periodicals subscription management services, has filed for bankruptcy. The bankruptcy petition includes the Dutch parent company as well as SWETS subsidiary companies in the UK, across Europe, Japan and Australia.

The Dutch-based library and subscriptions service agency SWETS Information Services, which serves (or at least used to serve) many of the UK and Europe’s law firms with periodicals subscription management services, has filed for bankruptcy. The bankruptcy petition includes the Dutch parent company as well as SWETS subsidiary companies in the UK, across Europe, Japan and Australia. A copy of the filings are attached. Notice in the Bankruptcy of Swets Information Services B.V. of 23 October 2014 (EC)

COMMENT: The Insider used to deal with SWETS but we have to say that in recent years their service became frankly more trouble than it was worth in terms of subscription revenues (agencies like SWETS deduct a commission from subscription sales) versus the hassle of contending with their administration. We have also noticed an increased trend for law firm libraries bringing subscription management back in house and dropping their subscription agencies (there are are several other agencies in the legal market besides SWETS). Ultimately the migration from paper periodicals to online/digital is probably the killer factor for agencies like SWETS, where their services were increasingly a hinderance rather than a benefit and ripe for disintermediation.

2 replies on “Dutch legal library service SWETS pops its clogs”

It’s sad to know that a legal library service like SWETS Information Services has stopped its services due to bankruptcy. Services like this have provided help to a lot of individuals and may continue doing so had it not stopped. While the internet has become a really good tool for information gathering, information found on papers are still vital. I hope that the widespread of the use digital information won’t necessarily stop the use of information on paper.

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HCConvey
Buying a House Adelaide

Maurice – I think the issue is not so much that you can use the Internet but that the default for more and more periodicals is digital and/or app only with paper editions becoming the exception. Just look at the way the US newspaper industry has changed. Agencies like SWETS belonged to an age when it was useful to have someone chasing up copies that had been lost in the post.

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