| ALM ACQUIRES VERDICT RESEARCH GROUP, INC.
Integration of VRG Will Expand ALM’s VerdictSearch Verdict and Settlement Reporting To Ten New States and D.C.
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NEW YORK (July 21, 2010) – ALM, parent company of VerdictSearch, the nation’s leading source of verdict and settlement news and research, today announced the acquisition of Verdict Research Group, Inc. (VRG), a privately held company headquartered in Kentucky. VRG data and publications, including The Connecticut Verdict Reporter, Carolina Verdict Reporter (covering North and South Carolina), The Georgia Trial Reporter, The Massachusetts Verdict Reporter, Metro Verdicts Monthly (covering DC, Maryland and Northern Virginia), The Michigan Trial Reporter, The Ohio Trial Reporter, The Rhode Island Verdict Reporter and The Virginia Verdict Reporter will be integrated into VerdictSearch, expanding its reach to more than 16 states and the District of Columbia. VerdictSearch’s online proprietary database of detailed information on more than 200,000 verdicts and settlements is used by attorneys, risk managers and insurance experts across the country to value claims, assess risk, evaluate opposing counsel, and identify and cross-examine expert witnesses. For more information, visit http://www.verdictsearch.com
Founded in 1988, VRG independently reports on civil jury verdict cases, with a database of 60,000 verdicts from the jurisdictions it covers. VerdictSearch currently provides coverage of verdicts and settlements, included detailed injury and damages information, for states and regions including California, Florida, New York, New Jersey, Pennsylvania and Texas.
“This acquisition significantly extends our position as a leader in the verdict research business and underlines the importance of data-driven, substantive law services to ALM’s future,” said William Pollak, president and CEO of ALM.
“The addition of VRG will allow us to further expand our growing national coverage, and allow us to develop new products for litigators,” added Ron Spinner, publisher, VerdictSearch. “In addition, this will also enhance our ability to offer state and national verdict trending analyses and to develop customized research for our clients.”
The VerdictSearch online database, www.VerdictSearch.com, provides 24×7 access to detailed case reports from around the nation, with hundreds of new cases added each month. The website offers full-text search or search by 15 different parameters, including injury, case type, name, jurisdiction, date or plaintiff’s criteria.
VerdictSearch offers customized research services, delivering expedited results for clients via phone and e-mail. VerdictSearch’s professional staff specializes in identifying relevant verdicts and settlements for unique cases, responding to more than 13,000 requests each year.
VerdictSearch also provides statistical trial trend analysis to leading law firms and insurance companies, and offers a variety of national, regional and specialty print publications, in areas including employment law, medical malpractice and products liability. For information on print publications, visit http://www.verdictsearch.com/index.jsp?do=print_publications. For more information on VerdictSearch products and services, visit www.VerdictSearch.com. VerdictSearch is a division of ALM.
ALM, an integrated media company, is a leading provider of specialized business news and information, focused primarily on the legal and commercial real estate sectors. ALM’s market-leading brands include The American Lawyer, Corporate Counsel, GlobeSt.com, Insight Conferences, Law.com, Law Journal Press, LegalTech, The National Law Journal and Real Estate Forum. Headquartered in New York City, ALM was formed in 1997. For more information, visit www.alm.com.
ALM, The American Lawyer, Corporate Counsel, GlobeSt.com, Insight Conferences, Law.com, Law Journal Press, LegalTech, The National Law Journal and Real Estate Forum are trademarks or registered trademarks of ALM Media Properties, LLC or affiliated entities.
Contact:
Lee Feldman, Peters & Feldman for ALM
Phone: (203) 341-8922
E-mail: lfeldman@alm.com