Recommind and LexisNexis Team to Generate More Revenue

May 9, 2011

Recommind has moved from eDiscovery to enterprise search and back again. The latest tactic in the firm’s growth strategy is a tie up with LexisNexis. This unit of Reed Elsevier has emerged as one of the leading non US owned firms delivering legal information in America and elsewhere. LexisNexis has been working overtime to cope with changing buying patterns among consumers of high end commercial online content. LexisNexis has branched into new markets, including data analytics and various legal back office services.

Recommind announced in “Recommind Forms Strategic Alliance With LexisNexis for Hosted eDiscovery Service” a new deal with LexisNexis. The idea is to apply the well known online dream of 1+1=2, maybe 3 or more. The news announcement said the tie up was “A strategic hosting and sales alliance” the two companies promises “rapid deployment of [Recommind’s] Axcelerate On-Demand” and LexisNexis’ Hosted Litigation Solutions group.

The goal we learned is to:

“provide more options and greater flexibility in discovery. . . dramatically reduce the costs and timelines associated with document review and analysis as part of litigation and regulatory investigations.”

In addition, the alliance offers “top-tier infrastructure capabilities, globally diverse IP network,” as well as security against disastrous loss events.

The business alliance will answer 2010 customer demand “for Axcelerate On-Demand with Predictive Coding.” It is designed to offer corporations and law firms to meet their review information needs, budgetary demands, and critical timelines for all of their cases, no matter how complex, changing “’the way corporations and law firms manage litigation in 2011 and into the future.’”

Sounds very good. Now we have to wait to see if there is an impact on other competitors in the over-crowded legal sector and if the river of revenues pulls a swollen Mississippi or maintains the current flow.

Jane Livingston, May 9, 2011

Freebie unlike commercial online legal and news information or special purpose search solutions

Written by Stephen E. Arnold · Filed Under Business strategy, EDiscovery, Enterprise, Enterprise search, Legal matters, News, Online (general), Search, Technology

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Stephen E. Arnold monitors search, content processing, text mining and related topics from his high-tech nerve center in rural Kentucky. He tries to winnow the goose feathers from the giblets. He works with colleagues worldwide to make this Web log useful to those who want to go "beyond search". Contact him at sa [at] arnoldit.com. His Web site with additional information about search is arnoldit.com.