LexisNexis acquires Lex Machina

Legal research firm LexisNexis has acquired Stanford spinout Lex Machina, which has been developing a platform for intellectual property litigation data, for an unspecified amount.

Spun out from Stanford University in 2010, the company has raised $10m, according to investment data website Crunchbase. Investors include Stanford itself, along with XSeed Capital, Cue Ball Capital, Teec Angel Fund, Ulu Ventures, and a number of individuals.

Lex’s products allow intellectual property professionals to go through a large volume of cases and sift out relevant information for their own cases.

Sean Fitzpatrick, managing director of North American Research Solutions at LexisNexis, said: “Data and analytics are integral to the future of the practice of law and the addition of Lex Machina solidifies the LexisNexis position as a leader in providing analytic decision tools for legal professionals. We are excited to welcome a company at the forefront of innovation, and we plan to leverage our extensive resources to bring the benefits of Legal Analytics to lawyers everywhere.”