According to reports, the leading US-based legal publisher has snapped up London-based Legal Week for an undisclosed sum.
The two publications are not strangers, as Incisive bought ALM — then known as American Lawyer Media – from Wasserstein & Co. for $630 million in 2007.
Legal Week was part of Incisive at the time, so shared a platform with ALM.
Wasserstein & Co then bought back ALM, the publisher of American Lawyer, and numerous other US legal titles, in July 2014, for $417 million.
As part of the deal, ALM will also acquire Legal Week’s related events business, which includes the annual British Legal Awards.
Since Wasserstein & Company regained ownership of ALM, the company has bought up a number of smaller publishers, such as Summit Professional Networks, an insurance-focused unit, in January 2015 for about $40 million.
InsideCounsel, the respected legal title, was part of that deal.
In December 2014, ALM acquired Kennedy Consulting Research & Advisory from Bloomberg.
As well as Legal Week, Incisive Media publishes more than 100 titles, such as Investment Week and the leading accountancy title, Accountancy Age.
M&A activity in the legal media world has been high in the last few years.
Some of the other notable deals:
- Thomson Reuters acquired Super Lawyers in 2010
- Bloomberg bought BNA for $1 billion in 2011
- LexisNexis, owned by Reed Elsevier, acquired Law360 in 2012
- Thomson Reuters bought Practical Law Company for £200 to £300 million in January 2013
- Financial Times owner Pearson sold Mergermarket to private equity group BC Partners for $624 million in November 2013
- KKR Bought Martindale Hubbell and Lawyers.Com owner Internet Brands for $1.1 billion in May 2014