Legal professionals will benefit from new, next-generation solutions that drive more informed decisions to craft winning case strategy and close business
LexisNexis® Legal & Professional announced that it has acquired privately held Lex Machina, Inc., creator of award-winning Legal Analytics®, a next-generation technology platform that transforms how law firms and companies excel in the business and practice of law. Terms of the transaction were not disclosed.
Lex Machina, based in Silicon Valley, delivers Software as a Service platform that helps lawyers predict the behaviors and outcomes of different legal strategies by mining, tagging, categorizing and enhancing millions of Federal court dockets and documents. The technology allows lawyers to make strategic, data-driven decisions and develop winning litigation strategies using competitive intelligence on opposing parties and counsel, track records and key decisions by presiding judges, as well as reveal trends by case outcomes.
The combination of the LexisNexis technology and content with the unique capabilities of Lex Machina creates a scalable infrastructure to build next generation Legal Analytics solutions across a wide variety of practice areas. Furthermore, integrating analytic capabilities into existing LexisNexis solutions, such as Lexis Advance®, will bring new decision-insights to lawyers.
In particular, the collection of court dockets and documents from LexisNexis CourtLink® provides a deep and comprehensive resource for Lex Machina technology that will deliver an unprecedented view of lawyer and law firm performance, legal market trends and judicial tendencies that are needed to make critical decisions about a case. The acquisition also serves as a catalyst to enhance existing LexisNexis analytical decision tools such as LexisNexis® MedMal Navigator® and LexisNexis® MedMal Navigator®
The Lex Machina Legal Analytics platform has become a “must have” technology for 45 of the Top 100 IP law firms, as well as multi-national companies such as eBay, Google, IBM, AstraZeneca and Nike. Through the acquisition, Lex Machina gains access to the considerable resources of LexisNexis, including an extensive base of content, a state-of-the-art global technology platform and a top-flight sales organization that covers all segments of the legal marketplace.
Source: LexisNexis
