LexisNexis Acquires Legal Research and Litigation Analytics Firm Ravel Law.
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16 June 2017 - New York, US-based digital provider of content and technology solutions LexisNexis Legal and Professional has acquired San Francisco, US-based legal research and litigation analytics firm Ravel Law to Expand LexisNexis suite of products, the company said.
Terms of the transaction were not disclosed.
The company said it plans to integrate Ravel Law's judicial analytics, data visualization technology and unique case law PDF content from the Harvard Law Library into Lexis litigation profile suite and Lexis advance to strengthen LexisNexis' position in the legal analytics space.
Ravel Law's machine-learning, artificial intelligence and natural language processing technologies mine published case opinions, providing a wealth of information that helps litigators quickly uncover new insights and build specific arguments for use in court.
Ravel Law's technology will enhance the current Legal Analytics suite of solutions offered by LexisNexis.
After acquisition, Ravel Law's analytics offerings will continue to expand and be fully integrated into Lexis litigation profile suite, delivering new insights around judicial behavior that complement the product's current expert witness intelligence.
Ravel Law's case law data visualisation tool will be integrated into Lexis advance, expanding the platform's current visualization offerings.
The firm's access to the Harvard case law content and PDF images of original case opinions will enrich case law collection available from LexisNexis. LexisNexis is committed to continuing Ravel Law's open access to this historical collection, giving the public access to this collection of legal information.
For litigators and corporate counsel, this expansive suite of analytics tools will provide unprecedented insight into judges, jurisdictions, motion practice and parties to cases.
LexisNexis Legal and Professional is a provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organisations to make informed decisions and achieve better business outcomes. LexisNexis Legal and Professional, which serves customers in more than 175 countries with 10,000 employees worldwide, is part of RELX Group.
RELX Group is a global provider of information and analytics for professional and business customers across industries.
The group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people, of whom almost half are in North America.
RELX PLC is a London-listed holding company that owns 52.9% of RELX Group. RELX NV is an Amsterdam-listed holding company, which owns 47.1% of RELX Group. Total market capitalisation is approximately GBP 33.4bn (EUR 38.2bn, USD 43.1bn).
Ravel Law is a legal research, visualization, and analytics platform. Ravel Law empowers lawyers to do data-driven research, with analytics and interfaces that help them sift through vast amounts of legal information to find what matters.
Established by lawyers in 2012, Ravel Law spun out of interdisciplinary work between Stanford University's law school, computer science department, and d.school. Ravel Law is funded by New Enterprise Associates, North Bridge Venture Partners, Ulu Ventures, Experiment Fund, and Work-Bench.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 16, 2017|
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