American Lawyer Media acquires Law.com; finalizers credit line.Legal information company American Lawyer Media ALM (formerly American Lawyer Media), is a leading integrated media company, focused on the legal and real estate communities. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) has acquired all the assets and will operate Law. coin's (San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA) Web content and seminar businesses. The law.com brand will be retained under the ALM umbrella and the Web site will feature content and services from ALM's 24 national and regional publications, as well as the company's trade show and research divisions. No terms of the deal were given. Law.com was formed as an independent company in 1999 as a way to leverage ALM's existing online assets. Since that time, law.com has expanded its online offerings to include Practice Centers for specialty law practice areas, state Web sites and information sites for in-house counsel, law students and legal technology professionals. Law.com's RealLegal (Denver, CO) legal application services business will be spun off as a new entity, RealLegal LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . ALM ceo William Pollak said "the product and revenue enhancement revenue enhancement An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. opportunities we're evaluating for the immediate future include expanded cross--promotion of job opportunities and listings, as well as integrated Web access to content not currently available on the law.com site," including verdict and settlement databases, an expert witness and consultant network for litigators, and newsletters, references and directories. In related news, ALM said that General Electric Capital Corp. will provide ALM's operating subsidiary, The New York Law Publishing Co., with a $40 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. line. Proceeds will be used to refinance existing debt, finance capital expenditures and provide working capital. |
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