LexisNexis

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"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.[citation needed]

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

  • In 2010 and 2011 the Human Rights Campaign recognized LexisNexis as a company that treats its lesbian, gay, bisexual and transgender employees well.[33]
  • Training magazine inducted LexisNexis into its "Training Top 125" list between 2007 and 2010. In 2008 the company was 26th on the list, rising 6 places from the previous year, but in 2009 it was 71st place and by 2010 was 105th.[34]
  • In 2012, Nexis won the SIIA CODIE Award for Best Political Information Resource[35]
  • In 2013, LexisNexis SmartMeeting won the Stevie Award for sales and customer service[36]
  • In 2014, Nexis won the SIIA CODIE Award for Best Business Information Solution[37]
  • LexisNexis made the 2014 Spend Matters Almanac List for 50 Providers to watch for in the procurement sector.[38]

See also

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Regarding the capital letters in the name; it was then standard to capitalize the names of online services.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ A far greater number, although by no means a majority, thought of a television character; most thought of nothing at all.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  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. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  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 Lua error in package.lua at line 80: module 'strict' not found.
    • *For 2011 LGBT support recognition, see Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ Lua error in package.lua at line 80: module 'strict' not found.[dead link]
    • *For 2009 Training magazine ranking, see Lua error in package.lua at line 80: module 'strict' not found.[dead link]
    • *For 2010 Training magazine ranking, see Lua error in package.lua at line 80: module 'strict' not found.[dead link]
  35. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  36. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  37. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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