Source: Law Business Research
Law Business Research (LBR) and ALM announced their strategic merger, forming a global provider of legal intelligence, analysis, and networking solutions. LBR is backed by ICG and Levine Leichtman Capital Partners (LLCP) and ALM is owned by investment funds managed by EagleTree Capital.
The newly formed group will be uniquely positioned to serve clients globally by combining ALM’s deep US market penetration with LBR’s strong UK and global presence, thus offering clients unparalleled expertise, reach and service.
The two businesses’ product sets will remain the same, continuing to serve both the practice and business of law, in addition to the global IP and governance, risk and compliance markets with insight, analysis and essential data. Clients can expect continuity in their existing services, and the businesses will look to leverage their mutual strengths, assets and capabilities over time to provide even greater access to actionable insights.
Bill Carter, CEO of ALM, said: “After an incredible decade at ALM, this merger marks the right time for me to step away from day-to-day leadership. I am immensely proud of what we have built, especially transforming Law.com into the global leader it is today. I look forward to supporting the business through the coming months and seeing it continue to thrive in this next chapter.”
Nick Brailey, CEO of LBR said: “This combination creates a business with unparalleled data, insight and expertise across the global legal ecosystem. I’d like to thank Bill and his team for working tirelessly to make this merger happen and I feel privileged to have the opportunity to lead the new group and to work closely with our global teams to capitalise on the strong foundations and deliver on the exciting potential that lies ahead.”
Stelios Elia, Managing Director, ICG European Corporate, said: “At ICG, we are committed to supporting high-quality businesses by partnering with proven, entrepreneurial management teams who have a clear vision for long-term value creation. The merger of ALM and LBR will form a best-in-class information services business that will continue to set the standard for insight, analysis, and expertise that legal professionals rely on daily.”
Anup Bagaria and Michael Struble, of EagleTree Capital, said: “ALM has been a fantastic investment, and we are incredibly grateful to Bill and the entire team for their dedication and achievements. The business is in great hands going forward, and we look forward to seeing the business continue to flourish as part of this new combined group.”
Read the full article: https://www.lbresearch.com/lbr-and-alm-announce-merger-creating-leading-global-legal-intelligence-provider/
