American Lawyer Media Launches Legal Market Information Research Service.

Business Editors/Legal Writers

NEW YORK--(BUSINESS WIRE)--Jan. 27, 2003

American Lawyer Media, Inc. (ALM), the nation's leading legal journalism and information company, today announced the launch of a new research service, Legal Market Information Source(TM) (LMIS).

LMIS will provide clients, law firms and companies marketing to the legal industry with trend data, reports, rankings and custom research on major U.S. and global law firms. Industry data will be drawn primarily from ALM's industry leading surveys, including the AmLaw 100, Global 100 and NLJ 250. LMIS will be located on the Web at www.legalmarketinfo.com.

Initial LMIS product offerings will cover four areas: law firm reports; legal industry briefs; industry ranking tables and custom research reports.

Individual law firm reports will profile up to 20 years of key business metrics for leading American and international firms, including revenues, profits, compensation, billing rates, technology investments, partner and associate diversity, major cases and clients. Legal industry briefs will utilize data analysis techniques to report industry-wide business trends, enabling firms to benchmark their performance and business practices, and identify opportunities. Industry rankings will provide complete data from ALM surveys in tabular, interactive formats for analysis. The complete LMIS database will also be available for customized client research.

"For the first time, marketing professionals, inside and outside the industry, will have access to the rich and unique statistical database collected by ALM over the course of more than 20 years of reporting," said William Pollak, President and Chief Executive Officer of ALM. "We expect LMIS services to be of great interest to many groups, from clients evaluating prospective counsel to industry recruiters to vendors who have targeted the legal industry."

Additional information on LMIS products and services can be obtained by calling 1-888-770-LMIS (1-212-545-6111 outside the U.S.) or by visiting www.legalmarketinfo.com.

Headquartered in New York City, ALM is a leading integrated media company, focused on the legal industry. ALM currently owns and publishes 23 national and regional legal magazines and newspapers, including The American Lawyer(R) and The National Law Journal(R). ALM's other businesses include Web, book, custom and newsletter publishing, court verdict and settlement reporting, production of legal trade shows and conferences, educational seminars and distribution of content related to the legal industry. ALM was formed by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., LP. More information on ALM, its business and services is available on the Web at www.americanlawyermedia.com.