ALM (company)

ALM (formerly American Lawyer Media) is a media company headquartered in the Equitable Building in New York City, and is a provider of specialized business news and information, focused primarily on the legal, insurance, and commercial real estate sectors.[1] ALM owns and publishes 33 national and regional 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.[2] 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. The company was started in 1979 by Steven Brill to publish The American Lawyer.

ALM
IndustryMedia, Legal News
Headquarters
New York City
,
United States
Key people
Bill Carter, CEO
Products
ParentWasserstein & Co
Websitewww.alm.com

In 1997, Brill sold ALM to Time Warner, mainly for its CourtTV stake.[3] 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.[4] 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.[5][6] In 1999, U.S. Equity bought real estate publisher Schein Publications.[7]

In 2007, ALM was purchased by Incisive Media for US$630 million.[2] 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.[8] Wasserstein & Co. repurchased ALM in 2014.[9] In 2015, ALM acquired Summit Professional Networks.[10] In January 2016 the company acquired British legal magazine Legal Week.[11]

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


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