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Inhouse Latest News Law Firms Vendors

Analytics, meet content: LexisNexis acquires Lex Machina

In an acquisition that brings together cutting edge analytics with a trove of content, LexisNexis has acquired litigation data mining company Lex Machina, which through its Legal Analytics platform provides insights about judges, lawyers, parties and patents from IP litigation.

The Silicon Valley company, which says it has so far been inhibited from expanding its services due to a lack of content, delivers a software-as-a-service platform that helps lawyers predict the behaviours and outcomes of different legal strategies by mining, tagging and categorising millions of Federal court dockets and documents.

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“The biggest reason is the change in our culture” – Knights enters the top 100 with Darbys acquisition

The chief executive of private equity-backed firm Knights Professional Services, which this week announced it is entering the top 100 with the acquisition of Darbys Solicitors, says that moving from an equity partnership to a corporate, more efficient structure has been the single most important factor in its success.

Knights in 2012 became the first commercial law firm to receive private equity funding, from Hamilton Bradshaw, the private equity house backed by entrepreneur and former Dragons Den investor James Caan.

The then 60 fee-earner and 90 support staff firm used the undisclosed sum to invest in more integrated technology, namely Tikit’s Partner for Windows practice management solution.