Lex Machina

Lex Machina, Inc.
Industry Legal analytics, Legal technology
Headquarters Menlo Park, California
Key people
  • Josh Becker, CEO
  • Joshua Walker, Co-founder
  • George Gregory, Co-founder
Products Lexpressions
Services Risk advisory consulting
Number of employees
 20[1]
Website lexmachina.com

Lex Machina, Inc. is an IP litigation research company that develops legal analytics data and software.[2] 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.[3] Lex Machina provides a SaaS product that is available for free to federal courts, academics and students, and select non-profits.[3] It consults clients such as law firms or corporate general councils and provides risk advisory services through its IP analytical reference engine.[4]

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.[5] The project was developed within the university's law school and computer science department under the IP Litigation Clearinghouse (IPLC) project.[3] Lex Machina was incorporated in 2008 and launched the following year.[6][7] 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.[1]

Company developments

Lex Machina is based in Menlo Park, just north of Palo Alto and Stanford.[8] While still a public interest project at Stanford, Lex Machina generated approximately $3 million in donations.[5] In 2012, the company reportedly received $2 million in funding led by X/Seed Capital Management.[7] Lex Machina generated another $4.8 million in a Series A round of funding in 2013 led by Cue Ball Capital.[9]

Services

Lex Machina has developed a catalog of legal data derived from court cases and documents on intellectual property law.[10] The information is compiled together and converted into searchable text files that clients access through a search engine.[10] The majority of the data provided by the SaaS program is optimized for patent information, copyrights, antitrust cases, and trademarks.[11] 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.[10][11]

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.[9] Lex Machina allows academic institutions, federal courts, and other public-interest entities to access its services for free.[4]

References

  1. 1 2 Patrick Hoge (2013-09-03). "Lex Machina: 'Moneyball' meets patent lawsuits". San Francisco Business Times. Retrieved 2014-06-18.
  2. ↑ "How Legal Analytics from Lex Machina will be the future of IP litigation research (with Ike's!)". Stanford Law School. Retrieved 2014-06-18.
  3. 1 2 3 Daniel McKenzie (2012-07-26). "Know Your Enemy: Lex Machina Raises $2 Million For IP Litigation Analytics". TechCrunch. Retrieved 2014-06-18.
  4. 1 2 Tam Harbert (2012-06-06). "Lex Machina Arms Corporate Leaders and Patent Attorneys with Predictive Analytics". DataInformed. Retrieved 2014-06-18.
  5. 1 2 Cromwell Schubarth (2013-05-01). "Law Big Data startup Lex Machina raises $4.8M". Silicon Valley Business Journal. Retrieved 2014-06-18.
  6. ↑ "Company Overview of Lex Machina, Inc.". Bloomberg Businessweek. Retrieved 2014-06-18.
  7. 1 2 Peter Delevett (2012-07-26). "Palo Alto startup Lex Machina lands funding". San Jose Mercury News. Retrieved 2014-06-18.
  8. ↑ David J. Walton (2014-04-11). "How lawyers and law firms operate in a Big Data world". Inside Councel. Retrieved 2014-06-18.
  9. 1 2 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.
  10. 1 2 3 Brian Benton (2012-07-30). "Lex Machina: 'Law Machine' Helps Lawyers Predict Case Outcomes". Palo Alto Patch. Retrieved 2014-06-18.
  11. 1 2 Rich Steeves (2013-10-29). "Lex Machina uses big data, legal analytics tools to help IP attorneys". Inside Councel. Retrieved 2014-06-18.
This article is issued from Wikipedia - version of the Monday, March 21, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.