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. FishbowlNY contacted lawblogger David Lat of Above the Law for his take on it. Lat speculates that since both Incisive Media and parent firm Apax Partners have roots in the U.K. and continental Europe, respectively, the purchase will mean a much greater emphasis on international coverage at Incisive’s new publications. Given that much of their coverage relates to overseas cases already (contaminated dog food, anyone?), this can only be a good thing for American Lawyer and its relatives.
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