Lex Machina

Last updated
Lex Machina, Inc.
IndustryLegal analytics, legal technology
Headquarters
Menlo Park, California
Key people
  • Karl Harris, CEO
  • Joshua Walker, Co-founder
  • George Gregory, Co-founder
ProductsSignature Block Analyzer; Attorney Data Engine
ServicesLegal analytics research platform
Owner LexisNexis [1]
Number of employees
150 [2]
Website lexmachina.com

Lex Machina, Inc. is a company that provides legal analytics to legal professionals. It began as an IP litigation research company [3] and is now a division of LexisNexis. [1] The company started as a project at Stanford University within the university's law school and computer science department before launching as a startup in Menlo Park, California. [4] Lex Machina provides a SaaS product to legal professionals to aid in their practice, research, and business.

Contents

History

Lex Machina initially began in 2006 as a public interest project at Stanford University by Professor Mark Lemley and co-founders George Gregory and Joshua Walker. [5] The project was developed within the university's law school and computer science department under the IP Litigation Clearinghouse (IPLC) project. [4] Lex Machina was incorporated in 2008 and launched the following year. [6] [7] The name "Lex Machina" is a Latin phrase meaning "law machine" that Walker had used in a research paper he wrote in 2004. Walker was named the CEO of the company until venture capitalist Josh Becker took over in 2011. [2] In 2015 the company was acquired by LexisNexis. [1] Former CTO Karl Harris became CEO of Lex Machina in 2018.[ citation needed ]

Company developments

Lex Machina is based in Menlo Park, just north of Palo Alto and Stanford. [8] While still a public interest project at Stanford, Lex Machina generated approximately $3 million in donations. [5] In 2012, the company reportedly received $2 million in funding led by X/Seed Capital Management. [7] Lex Machina generated another $4.8 million in a Series A round of funding in 2013 led by Cue Ball Capital. [9] LexisNexis acquired Lex Machina in 2015. [10]

Services

Lex Machina is a legal analytics solution that uses natural language processing, machine learning, and technology-assisted human review to deliver case resolutions, damages, remedies, findings, and accurate counsel and party data. [11] Its engineering processes acquire and maintain a constantly updating database of case data and documents necessary to provide accurate data. Lex Machina gathers raw information from cases, including downloading millions of court documents, to present the comprehensive and accurate data. It cleans, tags, codes, enhances, and presents the resulting data in a way that makes it easy for legal professionals to access insights and grasp trends that are relevant to a specific legal matter. [12]

Lex Machina currently provides legal analytics on any federal commercially relevant civil court case in 22 practice areas, [13] as well as civil cases in 19 state courts. [14] The services Lex Machina provides can be used within a variety of industries, and the company has clients ranging from law firms (including three-quarters of the AmLaw 100) to companies (including Facebook, Nike, Microsoft, and Uber). [15] Lex Machina allows qualifying public-interest entities to access its services for free. [16]

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References

  1. 1 2 3 "LexisNexis Acquires Premier Legal Analytics Provider Lex Machina". Lex Machina. 23 November 2015.
  2. 1 2 Patrick Hoge (2013-09-03). "Lex Machina: 'Moneyball' meets patent lawsuits". San Francisco Business Times. Retrieved 2014-06-18.
  3. ↑ "How Legal Analytics from Lex Machina will be the future of IP litigation research (with Ike's!)". Stanford Law School. Archived from the original on 2014-07-16. Retrieved 2014-06-18.
  4. 1 2 Daniel McKenzie (2012-07-26). "Know Your Enemy: Lex Machina Raises $2 Million For IP Litigation Analytics". TechCrunch. Retrieved 2014-06-18.
  5. 1 2 Cromwell Schubarth (2013-05-01). "Law Big Data startup Lex Machina raises $4.8M". Silicon Valley Business Journal. Retrieved 2014-06-18.
  6. ↑ "Company Overview of Lex Machina, Inc". Bloomberg Businessweek. Archived from the original on June 22, 2014. Retrieved 2014-06-18.
  7. 1 2 Peter Delevett (2012-07-26). "Palo Alto startup Lex Machina lands funding". San Jose Mercury News. Retrieved 2014-06-18.
  8. ↑ David J. Walton (2014-04-11). "How lawyers and law firms operate in a Big Data world". Inside Counsel. Retrieved 2014-06-18.
  9. ↑ Leonid Kravets (2013-05-01). "Lex Machina Raises $4.8M First Round Led By Cue Ball Capital As IP Litigation Reaches New Highs". TechCrunch. Retrieved 2014-06-18.
  10. ↑ "LexisNexis Acquires Lex Machina". news.bloomberglaw.com. Retrieved 2021-03-10.
  11. ↑ Marketing. "What's Unique About Lex Machina's Legal Analytics". Lex Machina. Retrieved 2021-03-10.
  12. ↑ Marketing. "How It Works". Lex Machina. Retrieved 2021-03-10.
  13. ↑ Marketing. "Practice Areas". Lex Machina. Retrieved 2024-07-08.
  14. ↑ Marketing. "State Court Modules". Lex Machina. Retrieved 2024-07-08.
  15. ↑ "Lex Machina Celebrates 10 Years of Legal Analytics, Bringing Greater Knowledge, Efficiency and Transparency to the Legal Industry | LexisNexis PressRoom". www.lexisnexis.com. Retrieved 2021-03-10.
  16. ↑ Tam Harbert (2012-06-06). "Lex Machina Arms Corporate Leaders and Patent Attorneys with Predictive Analytics". DataInformed. Retrieved 2014-06-18.
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