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Thursday, May 9, 2002 Media Cynic | Forum | Advertising | Classifieds | Jobs American Lawyer Media To Integrate Law.com Content "The reuniting of these two leading legal media outlets will reinforce ALM's position as the gateway to the legal industry," said William Pollak, CEO of ALM. "Both subscribers and advertisers will benefit from our enhanced ability to streamline communication to the industry, simplify execution of marketing programs and expand the information content and services that law.com has provided visitors over the past two years." Law.com was formed as an independent company in mid-1999, to leverage ALM's existing online assets. Since that time, Law.com has steadily expanded its online offerings to include Practice Centers for specialty law practice areas, state websites and information sites for in-house counsel, law students and legal technology professionals. Law.com's RealLegal legal application services business will be spun off as a new entity, RealLegal, LLC, based in Denver. "As one company, under one management team, we will be able to manage delivery of information to an expanding customer base more efficiently and pursue additional revenue opportunities. As a result, while we expect that this transaction will have a short-term negative impact on earnings, we believe that it will add significant bottom-line value for all ALM stakeholders in the long-term," said Pollak. "The product and revenue enhancement opportunities we're evaluating for the immediate future include expanded cross-promotion of job opportunities and listings, as well as integrated Web access to content not currently available on the law.com site. This new content includes ALM's extensive online databases for verdicts and settlements across the country, ALM's expert witness and consultant network for litigators, and ALM newsletters and directories."
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