|The Lexis-Nexis Group has announced that it has acquired Book Publishing
Co. (BPC), a leading producer of municipal codes and ordinances for local
governmentsthroughout the U.S. Lexis-Nexis Group has also announced that
it has signed a long-term agreement with CCH, Inc. to bring CCH's authoritative
collection of tax, securities, financial services, human resources, healthcare,
and other specialized legal information to LEXIS-NEXIS subscribers via
Book Publishing Co.
BPC offers a complete range of code-related services to municipalities
that help ensure their ordinances and resolutions are accurate, accessible,
Based in Seattle, the company is the second-largest publisher of municipal
codes and is the only codification company to develop and support industry-specific
software, according to the announcement. BPC has published codified ordinances
for more than 2,000 municipalities in nearly every state in the country.
It was founded in 1951 and has current contracts with approximately 1,200
municipalities to publish their ordinances.
"The acquisition of Book Publishing Co. is a strong strategic fit with
Lexis-Nexis Group," said Jim Smyth, senior vice president and publisher
for Lexis-Nexis Small Law Firm and Government Markets. "Its content is
targeted at one of the largest market segments for Lexis-Nexis: small law.
With it, we can provide even better value-added, customizable information
that will meet the specific needs of small law and solo practitioners."
Smyth said that BPC's relationship with its municipal customers is similar
to the relationship Lexis-Nexis has with state governments for the production
of their official state codes. Lexis-Nexis publishes annotated state codes
for 35 states and territories.
Financial terms were not disclosed.
An extensive line of CCH titles will become part of the legal and tax
collection on the lexis.com Web-based subscription research service. With
this new agreement in place, LEXIS-NEXIS will be the only source other
than CCH to offer the full line of key CCH products via the Web. CCH research,
explanatory, and analytical products available via lexis.com will include
its highly regarded Standard Federal Tax Reporter, CCH State Tax Reporters,
CCH Federal Tax Guide, CCH Pension Plan Guide, CCH Federal Securities Law
Reports, CCH Trade Regulation Reports, CCH Federal Banking Law Reports,
and CCH Medicare and Medicaid Guide. CCH publications are already available
on the dial-up LEXIS-NEXIS information services, and the companies currently
partner to bring tax law research tools to the Internal Revenue Service.
"The addition of the highly authoritative CCH publications makes the
lexis.com collection the most comprehensive available today for legal professionals,"
said LouAndreozzi, Lexis-Nexis' president and CEO of North American Legal
Markets. "The combination of Lexis-Nexis legal materials with CCH titles
now establishes lexis.com as one of the most comprehensive sources for
tax professionals as well. In addition to such highly recognized brand
names as The Standard Federal Tax Reporter, lexis.com subscribers have
access to CCH publications on securities, human resources, and healthcare
on our dial-up and Web delivery platforms."
"CCH has a successful history of partnering with Lexis-Nexis because
both companies are focused on meeting the needs of customers who require
the most accurate and timely information delivered in the most convenient
and effective way," said Rebecca Hensley, CCH's president and CEO. "This
new agreement brings an extensive range of core CCH products to lexis.com,
making it the only Web-based information service outside CCH to carry such
an extensive selection of CCH resources."
The CCH materials will be available on lexis.com on April 1. According
to the announcement, the CCH publications complement the more than 200
analytical treatises from the Matthew Bender publishing arm of Lexis-Nexis
Group and the publications available through a recently announced, long-term
alliance with Tax Analysts.
The Matthew Bender collection includes such publications as Collier
Moore's Federal Practice, Weinstein's Evidence,
U.S. International Taxation & TaxTreaties, California Pleadings
& Practice, and the New York Civil Practices series.
Source: Lexis-Nexis Group, Dayton, OH, 800/227-9597, 937/865-6800; http://www.lexis-nexis.com.