LexisNexis

"LEXIS" and "Nexis" redirect here. For similar words, see Lexis (disambiguation) and Nexus (disambiguation).
LexisNexis
Subsidiary
Industry Publishing
Founded 1977
Headquarters Dayton, Ohio[1]
United States
Products Caselaw, Articles, Publications, News, Court Documents, Lawyer Marketing, Law Practice Management Tools, Media Monitoring Tools, Supply Management Tools, Sales Intelligence Solutions, and Market Intelligence Tools
Parent RELX Group
Website www.lexisnexis.com

LexisNexis Group is a corporation providing computer-assisted legal research as well as business research and risk management services.[2][3] During the 1970s, LexisNexis pioneered the electronic accessibility of legal and journalistic documents.[4] As of 2006, the company has the world's largest electronic database for legal and public-records related information.[5]

History

LexisNexis office in Markham

Currently a division of RELX Group (formerly Reed Elsevier),[6] LexisNexis was first a product of the Mead Data Central company.[3][5]

The Anglo-Dutch publishing company Reed Elsevier has owned LexisNexis and its predecessor company since 1994. At its inception in 1970, the database was named LEXIS by Mead Data Central (MDC), a subsidiary of the Mead Corporation. It was a continuation of an experiment organized by the Ohio State Bar in 1967.

On April 2, 1973, LEXIS launched publicly, offering full-text search in all Ohio and New York cases. In 1980, LEXIS completed its hand-keyed electronic archive of all U.S. federal and state cases. The NEXIS service, added that same year, gave journalists a searchable database of news articles.[7] LexisNexis' world headquarters is located in Dayton, Ohio, United States.[1] In 1989, MDC acquired the Michie Company, a legal publisher, from Macmillan.[8]

When Toyota launched the Lexus line of luxury vehicles in 1987, Mead Data Central sued for trademark infringement on the grounds that consumers of upscale products (such as lawyers) would confuse "Lexus" with "Lexis". A market research survey asked consumers to identify the spoken word "Lexis". Survey results showed that a nominal number of people thought of the computerized legal search system; a similarly small number thought of Toyota's luxury car division.[9] A judge ruled against Toyota, and the company appealed the decision.[10][11] Mead lost on appeal in 1989 when the Court of Appeals for the 2nd Circuit held that there was little chance of consumer confusion.[12] Today, the two companies have an amicable business relationship, and in 2002 implemented a joint promotion called "Win a Lexus on Lexis!"

In December 1994, Mead sold the LexisNexis system to Reed Elsevier for $1.5 billion. The U.S. state of Illinois subsequently audited Mead's income tax returns and charged Mead an additional $4 million in income tax and penalties for the sale of LexisNexis; Mead paid the tax under protest, then sued for a refund in an Illinois state court. On April 15, 2008, the U.S. Supreme Court agreed with Mead that the Illinois courts had incorrectly applied the Court's precedents on whether Illinois could constitutionally apply its income tax to Mead, an out-of-state, Ohio-based corporation.[13] The Court reversed and remanded so that the lower courts could apply the correct test and determine whether Mead and Lexis were a "unitary" business.

In 2000, LexisNexis purchased RiskWise, a St. Cloud, Minnesota company.[14] In 2002 it acquired a Canadian research database company, Quicklaw. In 2004, Reed Elsevier Group, parent company of LexisNexis, purchased Seisint, Inc, of Boca Raton, Florida.[15] Seisint housed and operated the Multistate Anti-Terrorism Information Exchange (MATRIX).

On March 9, 2005 LexisNexis announced the possible theft of personal information of some Seisint users. It was originally estimated that 32,000 users were affected,[16] but that number greatly increased to over 310,000.[17] Affected persons were provided with free fraud insurance and credit bureau reports for a year. However, no reports of identity theft or fraud were discovered to have stemmed from the security breach.

In February 2008, Reed Elsevier purchased data aggregator ChoicePoint (previous NYSE ticker symbol CPS) in a cash deal for US$3.6 billion. The company was rebranded as LexisNexis Risk Solutions.[18]

Legal content offerings

LexisNexis services are delivered via two websites that require separate paid subscriptions.[19]

According to a company news release, LexisNexis hosts over 30 terabytes of content on its 11 mainframes (supported by over 300 midrange UNIX servers and nearly 1,000 Windows NT servers) at its main datacenter in Miamisburg, Ohio.[20] The Lexis database contains current United States statutes and laws and a large volume of published case opinions dating from the 1770s to the present, as well as publicly available unpublished case opinions from 1980 on. In 2000, Lexis began building a library of briefs and motions.[21] In addition to this, Lexis also has libraries of statutes, case judgments and opinions for jurisdictions such as France, Australia, Canada, Hong Kong, South Africa and the United Kingdom as well as databases of law review and legal journal articles for countries for which materials are available.

Previously, LexisNexis had a stripped-down free version (known as LexisOne) but this has been discontinued and replaced by Lexis Communities,[22] which provides news and blogs across a variety of legal areas.

In France, the UK and Australia, LexisNexis publishes books, magazines and journals, both in hard copy and online. Titles include Taxation Magazine and Lawyers Weekly.

Time Matters is a LexisNexis-branded software offering. Lexis for Microsoft Office is a LexisNexis-branded software offering.

Other products

InterAction is a customer relationship management system designed specifically for professional services firms such as accountancy and legal firms. [23]

Business Insight Solutions offers news and business content and market intelligence tools.[24][25] It is aglobal provider of news and business information and market intelligence tools for professionals in risk management, corporate, political, media, and academic markets.[26]

Sheshunoff | Pratt

In 2013, LexisNexis, together with Reed Elsevier Properties SA, acquired publishing brands and businesses of Sheshunoff and A.S. Pratt from Thompson Media Group.[27]

Sheshunoff Information Services, A.S. Pratt,[28] & Alex Information (collectively, SIS), founded in 1972,[29] is a print and electronic publishing company that provides information to financial and legal professionals in the banking industry, as well as online training and tools[30] for financial institutions. SIS was founded in 1971 by Alex and Gabrielle Sheshunoff. The company became recognized for providing guidance and analysis to the banking industry. In 1988 Thomson Media, a division Thomson Reuters, acquired the company. Separately, the Sheshunoffs began publishing Alex Information products.

In 1995 SIS acquired A.S. Pratt & Sons. Established in 1933, Pratt's Letter is believed to be the second oldest continuously published newsletter in the country behind Kiplinger's Washington Letter, which began publication in 1923. A.S. Pratt is a provider of regulatory law and compliance work tools for the financial services industry.[31]

Gabrielle Sheshunoff returned in 2004 to unite the AlexInformation, Sheshunoff, and A.S. Pratt[ brands before it was sold to Thompson in 2008.[32]

Reception

Awards and recognition

See also

References

  1. 1 2 "Corporate HQ Location".
  2. ↑ Vance, Ashlee (January 25, 2010). "Legal Sites Plan Revamps as Rivals Undercut Price". The New York Times.
  3. 1 2 "COMPANY NEWS; A NAME CHANGE IS PLANNED FOR MEAD DATA CENTRAL". The New York Times. December 2, 1994.
  4. ↑ Miller, Stephen (January 12, 2012). "For Future Reference, a Pioneer in Online Reading". The Wall Street Journal.
  5. 1 2 "Lexis-Nexis founder Don Wilson dies".
  6. ↑ Gargan, Edward A. (October 6, 1994). "THE MEDIA BUSINESS; Reed-Elsevier Building Big Presence in the U.S.". The New York Times.
  7. ↑ Regarding the capital letters in the name; it was then standard to capitalize the names of online services.
  8. ↑ "Macmillan Agrees to Sell Michie to Mead". Associated Press. Retrieved 2014-08-23.
  9. ↑ A far greater number, although by no means a majority, thought of a television character; most thought of nothing at all.
  10. ↑ James Risen (January 4, 1989). "Distinctiveness of 'Lexis' Trademark Cited Toyota Can't Call Car 'Lexus,' Judge Says". Los Angeles Times.
  11. ↑ Mead Data Cent. v. Toyota Motor Sales, U.S.A. 702 F.Supp. 1031 (1988)
  12. ↑ Mead Data Cent., Inc. v. Toyota Motor Sales 875 F.2d 1026 (1989)
  13. ↑ MeadWestvaco Corp. v. Illinois Dep't. of Revenue, 553 U.S. 16 (2008).
  14. ↑ "COMPANY NEWS; NEXIS AGREES TO PURCHASE OF RISKWISE INTERNATIONAL". The New York Times. June 3, 2000.
  15. ↑ "COMPANY NEWS; REED ELSEVIER TO ACQUIRE SEISINT FOR $775 MILLION". The New York Times. July 15, 2004.
  16. ↑ "LexisNexis customer IDs stolen". CNN. 2005-03-09. Retrieved 2010-05-07.
  17. ↑ Silver, Caleb (2005-04-12). "LexisNexis acknowledges more ID theft". CNN. Retrieved 2010-05-07.
  18. ↑ "LexisNexis Risk Solutions". LexisNexis.com. Retrieved 2014-10-17.
  19. ↑ Jennifer Peltz (June 4, 1999). "Surf your way into college". CNN.
  20. ↑ "Data Center Facts for LexisNexis".
  21. ↑ "LexisNexis Litigation Services Enhanced with Briefs, Motions, Pleadings" (Press release). Business Network. February 28, 2006.
  22. ↑ LexisNexis® Legal Newsroom. Lexisnexis.com (2013-08-05). Retrieved on 2013-08-27.
  23. ↑ http://www.lawyer-monthly.com/2012/01/lexisnexis-interaction-grows-62/
  24. ↑ news and business content
  25. ↑ market intelligence tools
  26. ↑ Business Insight Solutions company page
  27. ↑ LexisNexis Acquires Sheshunoff and A.S. Pratt
  28. ↑ http://www.aspratt.com/
  29. ↑ Sheshunoff Information Services LinkedIn Page
  30. ↑ Sheshunoff eLearning
  31. ↑ http://www.highbeam.com/doc/1G1-45364762.html
  32. ↑ http://www.thompsonmediagroupllc.com/brands/sheshunoff/
  33. ↑ For 2010 LGBT support recognition, see "Corporate Equality Index: A Report Card on Lesbian, Gay, Bisexual and Transgender Equality in Corporate America-2010; Appendix A. Corporate Equality Index Ratings and Breakdown" (PDF). hrc.org. 2010. p. 30.
  34. ↑ "Training Top 125 2008: Rankings 26-35" (PDF). managesmarter.com. p. 6.
  35. ↑ "Best Political Information Resource;". siia.net. 2012.
  36. ↑ "STEVIE sales and customer service;". stevieawards.com. 2013.
  37. ↑ "Best Business Information Solution;". siia.net. 2014.
  38. ↑ "Spend Matters Almanac 50 To Watch 2014;". spendmatters.com. 2014.

External links

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