Comments
Anglo-Dutch law publishing house LexisNexis has bought over its Delhi-based rival Universal Law Publishing for an undisclosed amount.
LexisNexis India is the domestic arm of the USD 9-billion Anglo-Dutch Reed Elsevier group and claims to be the leader in the around Rs 500-crore legal publishing industry in India.
While LexisNexis India employs around 200 people here, Universal Law Publishing has a headcount of around 50 and has offices across the main cities in the country.
Based in Delhi, LexisNexis has offices in Mumbai, Bengaluru and Chennai.
Globally, LexisNexis is a leading publisher and online solutions provider for legal, tax, academic and test-preparation books.
Universal has been publishing legal books for legal professionals, academics and students for the past five decades and some of its writers include retired justices V R Krishna Iyer and P N Bhagwati and legal eagle Soli Sorabjee, among others.
When contacted LexisNexis India managing director Mohan Ramaswamy refused to comment on the deal size, citing confidentiality clause, since both the parties are privately held in the country.
“Universal Law perfectly complements our existing range of offerings in the legal market. Their presence in the bare act space expands our reach to a large set of legal practitioners.
“We expect to make Universal’s content available on our online legal research solution Lexis India, providing even more content to our customers,” he said.
LexisNexis owns brands such as Halsbury’s, Aller, Butterworths, Martindale-Hubbell, Matthew Bender and Wadhwa Nagpur.
It serves customers in over 175 countries and 10,000 worldwide and is part of the Relx Group, which in turn is owned by the Reed Elsevier Group and is dual listed on the New York and London exchanges.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.