Tuesday, March 20, 2012

Lexis Announces Acquisition of Law360

You heard it here first. A press release confirms that Lexis has acquired Portfolio Media the publisher of the Law360 Newsletters. The press release provides no details on how this acquisition will impact either Law360 subscribers or current subscribers to LexisNexis. I analysed several scenarios in my recent post  A Lexis -Law360 Deal: The Race for Content Continues.

The text of the press release is reprinted below:

March 20, 2012 — NEW YORK, March 20, 2012 – LexisNexis (www.lexisnexis.com) today announced that it has acquired Portfolio Media, the parent company of Law360® (www.Law360.com), an online provider of speedy and trusted legal news and analysis for business lawyers, primarily in the United States.


“Breaking legal news and analysis are critical for legal professionals as they drive success for their businesses and clients,” said Bob Romeo, CEO of Research and Litigation Solutions at LexisNexis. “Law360 is a key element of our growth strategy because it adds legal news and analysis, a crucial part of an attorney’s workflow and a key entry point to legal research.”

Law360 publishes breaking news and analysis with a particular focus on high-stakes litigation across more than 30 practice areas. This content is distributed through online daily newsletters that are read by well over 100,000 law firm and business professionals ranging from litigators, corporate counsel and transactional attorneys to law librarians and legal administrators.

"We are excited to have our premier legal news and analysis offering join the LexisNexis® family. We see it as a great opportunity to extend our reach, expand our portfolio of content, and create new and innovative ways to deliver it to customers,” said Marius Meland, co-CEO and co-founder of Law360. Headquartered in New York City, Law360 was founded in 2004 by Meland and co-CEO Magnus Hoglund. They will continue to run the company as a stand-alone business, while leveraging the content and analytical resources and distribution of LexisNexis.

Law360 distinguishes itself through the unique combination of speedy delivery of more than 130 original legal news stories daily, the journalistic standards of its experienced editorial team, and its content generation platform that tracks in real-time dockets and regulatory filings - enabling reporters to break major developments in litigation, deal making and legislation before anyone else.

The acquisition of Law360 is part of the continuing LexisNexis commitment to provide critical legal and business content to help customers increase productivity and achieve better outcomes for their organizations and clients.

More information about Law360 is available at: http://www.law360.com/about



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