By Nerino Petro at 11 July, 2007, 8:07 am
Lexis Nexis announced on Monday that it has acquired Nashville, Tennessee based Juris, Inc. Juris has provided time, billing and accounting solutions for mid size firms for years and is considered by many to be a leader in its market segment. You can read the full press release here.
Lexis has acquired a number of companies in recent years beginning with DataTXT Corp the maker of Time Matters and Billing Matters and has since acquired PCLaw and Casesoft the maker of the Casemap family of products. This seems to be the trend with with Thompson West and Lexis acquiring market leaders in various segments of the legal technology industry. Thompson bought Elite billing and ProLaw in the last several years and Lexis has been responding in kind. Theoretically, these acquisitions provide the acquired companies with better resources to continue to improve their software as technology changes. Unfortunately, this also appears to be a winnowing out the market place as smaller companies can’t compete financially with these large players.