[For an update, see: LexisNexis VP Steven Errick Discusses Lex Machina Acquisition.]
Following up on my earlier post today, Rumor Mill: Is LexisNexis About to Buy Lex Machina?, I have received confirmation from LexisNexis that the acquisition has taken place. Here’s the note I received from Ashley Jefferson, communications coordinator for LexisNexis:
In response to your recent inquiry, I’m pleased to share with you that LexisNexis today announced the acquisition of Silicon Valley-based Lex Machina, creators of the award-winning Legal Analytics platform that helps law firms and companies excel in the business and practice of law.
Lex Machina proved the value of Legal Analytics in Intellectual Property law, and the technology is a must-have for 45 of the top 100 IP law firms and many top American corporations like Google, eBay, IBM and Nike.
Because legal analytics is a rapidly growing area of technology in the legal space, your readers may be interested in the acquisition for two primary reasons:
- A look into the near future. The integration of Lex Machina Legal Analytics with the deep collection of LexisNexis content and technology will unleash the creation of new, innovative solutions to help predict the results of legal strategies for all areas of the law.
- Industry narrative. The acquisition is a prominent and fresh example of how a major player in legal technology and publishing is investing in analytics capabilities.
With its acquisition, Lex Machina becomes part of the ongoing LexisNexis commitment to offer modern, next-generation solutions that help legal professionals work more efficiently, make better-informed decisions and drive success for their clients, practice and business.
Please let me know if you are interested in learning more and I would be happy to set up a conversation about what Legal Analytics is, how it can help legal professionals and the exciting synergies and technological innovations that each company brings to the table.
For perspective on this from Bloomberg Law President David Perla, see my earlier post.