Lex Machina

Lex Machina, Inc. is an IP litigation research company and division of LexisNexis[1] that develops legal analytics data and software.[3] The company started as a project at Stanford University within the university's law school and computer science department before launching as a startup in Menlo Park, California.[4] Lex Machina provides a SaaS product that is available for free to federal courts, academics and students, and select non-profits.[4] It consults clients such as law firms or corporate general counsels and provides risk advisory services through its IP analytical reference engine.[5]

Lex Machina, Inc.
IndustryLegal analytics, Legal technology
Headquarters
Menlo Park, California
Key people
  • Josh Becker, CEO
  • Joshua Walker, Co-founder
  • George Gregory, Co-founder
ProductsLexpressions
ServicesRisk advisory consulting
OwnerLexisNexis[1]
Number of employees
20[2]
Websitelexmachina.com

History

Lex Machina initially began in 2006 as a public interest project at Stanford University by Professor Mark Lemley and co-founders George Gregory and Joshua Walker.[6] The project was developed within the university's law school and computer science department under the IP Litigation Clearinghouse (IPLC) project.[4] Lex Machina was incorporated in 2008 and launched the following year.[7][8] The name "Lex Machina" is a Latin phrase meaning "law machine" that Walker had used in a research paper he wrote in 2004. Walker was named the CEO of the company until venture capitalist Josh Becker took over in 2011.[2] In 2015 the company was acquired by LexisNexis.[1]

Company developments

Lex Machina is based in Menlo Park, just north of Palo Alto and Stanford.[9] While still a public interest project at Stanford, Lex Machina generated approximately $3 million in donations.[6] In 2012, the company reportedly received $2 million in funding led by X/Seed Capital Management.[8] Lex Machina generated another $4.8 million in a Series A round of funding in 2013 led by Cue Ball Capital.[10]

Services

Lex Machina has developed a catalog of legal data derived from court cases and documents on intellectual property law.[11] The information is compiled together and converted into searchable text files that clients access through a search engine.[11] The majority of the data provided by the SaaS program is optimized for patent information, copyrights, antitrust cases, and trademarks.[12] Lawyers can use the information to learn more about judges, examine client histories, and predict potential case outcomes by searching for similar patents cases and outcomes.[11][12]

The services Lex Machina provides can be used within a variety of industries and the company has had clients ranging from law firms to companies such as eBay, Microsoft, and Shire Pharmaceuticals.[10] Lex Machina allows qualifying US academic institutions, and other public-interest entities to access its services for free.[5]

References
  1. "LexisNexis Acquires Premier Legal Analytics Provider Lex Machina". Lex Machina. 23 November 2015.
  2. Patrick Hoge (2013-09-03). "Lex Machina: 'Moneyball' meets patent lawsuits". San Francisco Business Times. Retrieved 2014-06-18.
  3. "How Legal Analytics from Lex Machina will be the future of IP litigation research (with Ike's!)". Stanford Law School. Archived from the original on 2014-07-16. Retrieved 2014-06-18.
  4. Daniel McKenzie (2012-07-26). "Know Your Enemy: Lex Machina Raises $2 Million For IP Litigation Analytics". TechCrunch. Retrieved 2014-06-18.
  5. Tam Harbert (2012-06-06). "Lex Machina Arms Corporate Leaders and Patent Attorneys with Predictive Analytics". DataInformed. Retrieved 2014-06-18.
  6. Cromwell Schubarth (2013-05-01). "Law Big Data startup Lex Machina raises $4.8M". Silicon Valley Business Journal. Retrieved 2014-06-18.
  7. "Company Overview of Lex Machina, Inc". Bloomberg Businessweek. Retrieved 2014-06-18.
  8. Peter Delevett (2012-07-26). "Palo Alto startup Lex Machina lands funding". San Jose Mercury News. Retrieved 2014-06-18.
  9. David J. Walton (2014-04-11). "How lawyers and law firms operate in a Big Data world". Inside Counsel. Retrieved 2014-06-18.
  10. Leonid Kravets (2013-05-01). "Lex Machina Raises $4.8M First Round Led By Cue Ball Capital As IP Litigation Reaches New Highs". TechCrunch. Retrieved 2014-06-18.
  11. Brian Benton (2012-07-30). "Lex Machina: 'Law Machine' Helps Lawyers Predict Case Outcomes". Palo Alto Patch. Retrieved 2014-06-18.
  12. Rich Steeves (2013-10-29). "Lex Machina uses big data, legal analytics tools to help IP attorneys". Inside Councel. Retrieved 2014-06-18.
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