Wasserstein's American Lawyer Purchased For $630M

Big news on the trade journalism front: British firm Incisive Media is paying a quite healthy $630 million to purchase American Lawyer. For the past 10 years, American Lawyer Media Holdings has been owned by buyout specialist Bruce Wasserstein; the paid-in-cash purchase price includes American Lawyer, Corporate Counsel, National Law Journal, Real Estate Forum, Law.com, GlobeSt.com and a number of other publications and websites favored by high-income lawyers. It’s a good deal for Incisive, which — though a market force in the UK — doesn’t have a large-scale American presence as of yet.