ALM has acquired Legal Week from Incisive Media.
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
[…] legal media company, for 13 years in a number of reporting and editorial roles. Legal Week was acquired by American Lawyer Media in 2016, and before that was owned by Incisive Media. Ms. Stanley begins her new role in […]