LexisNexis is a commercial provider of legal, business, and risk management research and data products, founded in 1973. Now a subsidiary of the publicly traded RELX Group, a British multinational information and analytics company headquartered in London, LexisNexis Legal & Professional is based in New York with offices worldwide. The Center for Research Libraries profiled LexisNexis in 2006; the full profile can be found at: https://www.crl.edu/sites/default/files/d6/attachments/pages/LexisNexis….
Overview
Details
Alternative Names
Lexis
Parent Organization
Lexis
Year established
1973
Still in Operation
Yes
Main Address
NA
New York, NY NA
United States
Subject Areas
Resource Types
CRL Analysis & Profile
Mission Statement
From https://www.lexisnexis.com/en-us/about-us/about-us.page Accessed April 2018
"Who We Are
Innovating to support each customer's success.
Combining information & analytics to help customers make more informed decisions & achieve better outcomes.
Advancing the rule of law around the world."
History
See Ryan Singel, "April 2, 1973: Lexis Launches Computerized Legal Searching" Wired blog, April 1, 2010. https://www.wired.com/2010/04/0402lexis-nexis-launches/
"Many legal decisions, and nearly all legal filings, remain locked behind a paywall in the feds' antiquated online PACER system. LexisNexis and Westlaw buy those documents in bulk, annotate them, add proprietary case-reference codes and link them to other documents. Law firms pay top dollar for that service, even in the age of Google. LexisNexis now claims to index more than 5 billion documents, including services that search through public records. Law enforcement, corporations, media outlets and universities subscribe in order to view criminal histories, read newspaper archives and comb through public documents."
Financial Information
Part of the publicly traded RELX Group, in 2008 LexisNexis recorded $2.9 billion in global earnings; and is reported to have had a profit margin of 25% that year.