LexisNexis Group is a corporation providing computer-assisted legal research as well as business research and risk management services. During the 1970s, LexisNexis pioneered the electronic accessibility of legal and journalistic documents. As of 2006, the company has the world's largest electronic database for legal and public-records related information.
Video LexisNexis
History
Currently a division of RELX Group (formerly Reed Elsevier), LexisNexis was first a product of the Mead Data Central company.
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. LexisNexis' world headquarters is located in New York City, United States. In 1989, MDC acquired the Michie Company, a legal publisher, from Macmillan.
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. A judge ruled against Toyota, and the company appealed the decision. Mead lost on appeal in 1989 when the Court of Appeals for the 2nd Circuit held that there was little chance of consumer confusion. 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. 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. Also in 2000, the company acquired the American legal publisher Matthew Bender from Times Mirror. In 2002 it acquired a Canadian research database company, Quicklaw. In 2004, Reed Elsevier Group, parent company of LexisNexis, purchased Seisint, Inc, from founder Michael Brauser of Boca Raton, Florida. 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, but that number greatly increased to over 310,000. 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.
In November 2014, LexisNexis Risk Solutions bought Health Market Science (HMS), a supplier of high quality data about US healthcare professionals.
Maps LexisNexis
Legal content offerings
LexisNexis services are delivered via two websites that require separate paid subscriptions.
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. 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 onward. In 2000, Lexis began building a library of briefs and motions. 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, which provides news and blogs across a variety of legal areas.
Time Matters is a LexisNexis-branded software offering. Lexis for Microsoft Office is a LexisNexis-branded software offering.
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.
LexisNexis UK
LexisNexis UK was founded in 1818 by Henry Butterworth. Henry Butterworth (1786-1860) was a pupil at King Henry VIII School, Coventry. After leaving Coventry he was apprenticed to and, for some time, worked for his uncle Joseph Butterworth, the great law bookseller of Fleet Street. In 1818, however, disagreement between them as to the terms of partnership made Henry set up on his own account at the corner of Middle Temple Gate (7 Fleet Street), where he became the well-known Queen's Law Bookseller.
The Butterworths publishing business is now owned and operated in the UK by Reed Elsevier (UK) Ltd, a company in the Reed Elsevier Group. Publications continue to be produced by RELX (UK) Ltd using the "LexisNexis", "Butterworths" and "Tolley" trade marks. Such publications include Halsbury's Laws of England and the All England Law Reports, amongst others.
The Butterworths name is also used to publish works in many countries such as Canada, South Africa, Australia and New Zealand.
LexisNexis also produces a range of software, services and products which are designed to support the practice of the legal profession. For example, case management systems, customer relationship management systems ("CRMs"), practice management systems, electronic disclosure systems, background checking and identity verification products.
Censorship
Pursuant to instructions from Chinese authorities, in 2017 LexisNexis withdrew Nexis and LexisNexis Academy from China.
Other products
InterAction is a customer relationship management system designed specifically for professional services firms such as accountancy and legal firms.
Business Insight Solutions offers news and business content and market intelligence tools. It is a global provider of news and business information and market intelligence tools for professionals in risk management, corporate, political, media, and academic markets.
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.
Sheshunoff Information Services, A.S. Pratt, & Alex Information (collectively, SIS), founded in 1972, 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 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 Thompson Media, a division of Thompson 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.
Gabrielle Sheshunoff returned in 2004 to unite the AlexInformation, Sheshunoff, and A.S. Pratt brands before it was sold to Thompson in 2008.
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.
- 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.
- In 2012, Nexis won the SIIA CODIE Award for Best Political Information Resource.
- In 2013, LexisNexis SmartMeeting won the Stevie Award for sales and customer service.
- In 2014, Nexis won the SIIA CODIE Award for Best Business Information Solution.
- LexisNexis made the 2014 Spend Matters Almanac List for 50 Providers to watch for in the procurement sector.
See also
- CanLII
- CaseMap
- HeinOnline
- LexisNexis Martindale-Hubbell
- Time Matters
- Westlaw
- Wexis
References
External links
- Official website
- LexisNexis Russia
Source of article : Wikipedia
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