ALM (company)

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ALM
IndustryMedia, Legal News
Founded1979; 43 years ago (1979)
FounderSteven Brill
Headquarters,
Key people
Bill Carter, CEO
Products
[1]
Parent
Websitewww.alm.com

ALM (formerly American Lawyer Media) is a media company headquartered in the Socony–Mobil Building in New York City,[2] and is a provider of specialized business news and information, focused primarily on the legal, insurance, and commercial real estate sectors.[3] The company was started in 1979 by Steven Brill to publish The American Lawyer.

Organization[edit]

ALM owns and publishes 33 national, regional, and international magazines and newspapers, including Credit Union Times, The American Lawyer, the New York Law Journal, Corporate Counsel, The National Law Journal, The Legal Intelligencer, Legal Times, GlobeSt.com, and Real Estate Forum, as well as the Law.com and Law.com International brands.[4]

The company also produces conferences and trade shows for business leaders and the legal profession. Law Journal Press, ALM's professional book imprint, publishes over 130 treatises on a broad range of legal topics. Other ALM businesses include newsletter publishing, court verdict and settlement reporting, production of professional educational seminars, market research, and content distribution.

History[edit]

In 1997, Brill sold ALM to Time Warner, mainly for its CourtTV stake.[5] ALM's legal publications were acquired from Time Warner by U.S. Equity Partners, L.P., a private equity fund sponsored by Wasserstein & Co., L.P., in 1998.[6] Shortly afterward, it acquired National Law Publishing Company (parent of The National Law Journal and New York Law Journal) from Boston Ventures and the legal publications of Legal Communications (including The Legal Intelligencer) from Meridian Venture Partners.[7][8] In 1999, U.S. Equity bought real estate publisher Schein Publications.[9]

In 2007, ALM was purchased by Incisive Media for US$630 million.[4] In 2009, Incisive had to restructure the loan used to purchase ALM, and ALM once again became an independent company, owned by the lenders and Apax Partners.[10] Wasserstein & Co. repurchased ALM in 2014.[11] In 2015, ALM acquired Summit Professional Networks.[12] In January 2016 the company acquired British legal magazine Legal Week.[13]

References[edit]

  1. ^ ALM Brands AlmReprints.com. Retrieved March 8, 2022.
  2. ^ "ALM Media Relocates to Midtown Manhattan's Grand Central Submarket". ALM Press Room. February 12, 2018. Retrieved January 9, 2022.
  3. ^ "Company Profile". Archived from the original on July 4, 2010.
  4. ^ a b Tryhorn, Chris (July 5, 2007). "Incisive Media purchases US publisher ALM". The Guardian. Retrieved June 24, 2010.
  5. ^ "Time Warner Buys Court TV Stake". Associated Press. February 20, 1997 – via LA Times.
  6. ^ "Time Warner to Shed Legal Publications". Associated Press. July 19, 1997 – via LA Times.
  7. ^ "THE MEDIA BUSINESS; Law Publishing Merger Planned". October 24, 1997 – via NYTimes.com.
  8. ^ "Archives - Philly.com". articles.philly.com.
  9. ^ "Schein Publications Acquired by Wasserstein Perella Private Equity Affiliate. – Free Online Library". www.thefreelibrary.com. Archived from the original on December 31, 2013. Retrieved December 31, 2013.
  10. ^ "Incisive Media reaches agreement on refinancing of the Group". Incisive Media (Press release). September 8, 2009. Archived from the original on December 18, 2013. Retrieved December 4, 2013.
  11. ^ "Wasserstein buys back law titles for $417M". June 5, 2014.
  12. ^ Lukas I. Alpert (January 5, 2015). "Legal Publisher ALM to Acquire Summit Professional Networks". Wall Street Journal. ISSN 0099-9660. Retrieved February 1, 2015.
  13. ^ Nell Gluckman (January 12, 2016). "ALM Buys UK's Legal Week From Incisive Media". The American Lawyer. Retrieved February 3, 2016.

External links[edit]