Marks Baughan & Co. today announced it has advised Juris, Inc. on its sale to LexisNexis. Juris, based in Nashville, TN, is the leading provider of time, billing, and accounting software for mid-sized law firms.
This transaction represents the most recent example of Marks Baughan & Co.’s commitment to the legal technology arena. Since its inception in 2004, Marks Baughan & Co. has advised on 17 transactions within the Information Management and Financial Technology sectors. The Juris transaction is the fourth sellside transaction that Marks Baughan professionals have completed with LexisNexis in the last few years; previous deals include Applied Discovery, CaseSoft and Verilaw.
“Juris adds another market-leading product to an impressive LexisNexis portfolio of Practice Management products. Their leading position in the mid-sized law firm market and the strength of their product offering makes them a great addition to LexisNexis,” said Ralph Calistri, senior vice president and general manager for LexisNexis Practice Management. “In keeping with our Total Practice Solutions strategy, we anticipate integrating Juris products with key LexisNexis offerings in the near future.”
Juris is now part of the LexisNexis Practice Management solution line, which provides services and tools proven to improve firm productivity and profitability. Juris joins leading time, billing, and accounting products like Time Matters, Billing Matters, and PCLaw, giving law firms in all markets a solution that fits their needs.
“Juris is pleased to be joining the LexisNexis family,” said Stephen Collins, Juris president and CEO. “We look forward to working closely with the LexisNexis management team and our customers to ensure a smooth transition.”
LexisNexis Total Practice Solutions is the company’s solutions offering to help lawyers and law firms succeed in the business and practice of law. LexisNexis offerings are designed for the way legal professionals work, in all of the areas essential to their success, including Client Development, Research Solutions, Practice Management and Litigation Services.
For more information on this transaction, please contact:
Nick Baughan
Managing Member
610.616.3294
nbaughan@marbau.com
Bill Takeuchi
Director
610.616.3296
takeuchi@marbau.com
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide.
About Juris
For more than 30 years, Juris, Inc. has been developing technology exclusively for law practices. Experience, focus, client communications and leadership in the industry have given Juris the perspective and knowledge to develop powerful technology tailored exclusively for the modern law practice with one clear objective in mind—to increase the income and wealth of law firm partners.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.