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LexisNexis Group is the largest and fastest-growing division of Reed Elsevier PLC, the Anglo-Dutch FTSE-100 publisher and information provider to professional users. In 2005, Reed Elsevier reported revenues in excess of £5 billion. It employs 36,000 people.
LexisNexis specialises in the professional publishing of books, magazines and online services, providing research and workflow solutions to the legal, corporate, regulatory and tax markets. With over 1,000 staff in the UK, and 13,000 worldwide, LexisNexis is a global business information provider.
In the UK, 60,000 organisations use LexisNexis services. LexisNexis products and services are used by all the top law and accountancy firms, most large companies, and almost all the local authorities in the UK, including Whitehall departments. The company trains tax advisors on the law, and judges on how to use online services. All UK universities benefit from the company’s products, as well as more than 10,000 civil servants.
LexisNexis draws on a heritage of almost 200 years. In the UK, the company is best known for its trusted legal and tax publishing brands Butterworths and Tolley. The company also offers flagship web-based services such as the award winning LexisNexis Butterworths legal and tax research platform and the LexisNexis current awareness business and news aggregation service.
The last two years have seen the LexisNexis group embark on a drive to expand its portfolio of products and services. It is now making the transition from being a research company to a solutions company, with workflow applications increasingly important to LexisNexis strategy. Workflow solutions consist of software tools that improve efficiency and compliance in legal firms and other corporate and public sector organisations. A portfolio of workflow applications is being developed to meet customer needs in the key areas of client development, research, compliance and productivity tools. These ‘four pillars’ of activity are the areas LexisNexis has identified as most important to the success of its customers. As technology and online services become progressively more important to business, LexisNexis has invested in new ways of bringing information to customers. Online revenues grew by 16% globally last year across LexisNexis Group and online revenues now contribute over a third of revenues for the UK business. The company is rapidly developing its business operations and customer offerings to provide its authoritative content and services closer to the commercial heart of customers’ businesses.
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