Meanwhile in the US, Lexis just keeps on buying
Amid all the interest surrounding the machinations of IRIS/CSG in the UK, we should not overlook the fact LexisNexis is building up its own legal tech empire in the US. Its latest acquisition is Nashville-based Juris Inc, a leading provider of time, billing, and accounting software for mid-sized law firms. (The UK equivalent would be AIM, TFB or Videss.) Juris now becomes part of the LexisNexis Practice Management solution line, which already includes time, billing, and accounting products like Time Matters, Billing Matters, and PCLaw.
Commenting on the deal Ralph Calistri, senior VP & general manager for LexisNexis Practice Management, said “Juris adds another market-leading product to an impressive LexisNexis portfolio of Practice Management products. Their leading position in the mid-sized law firm market and the strength of their product offering makes them a great addition to LexisNexis In keeping with our Total Practice Solutions strategy, we anticipate integrating Juris products with key LexisNexis offerings in the near future.”
• Marks Baughan & Co advised Juris on its sale to LexisNexis. This deal represents the most recent example of Marks Baughan's involvement in the legal technology arena. Since its inception in 2004, Marks Baughan has advised on 17 transactions within the information management and financial technology sectors. The Juris transaction is the fourth sellside transaction that Marks Baughan professionals have completed with LexisNexis in the last few years; previous deals include Applied Discovery, CaseSoft and Verilaw.