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Chapter 2 – Legal Business Bill Carter1
Publishers and Publications
President & CEO, ALM
Overview of the Offering
News and current awareness offerings for the legal professional serve the same purpose
as general newspapers and magazines. They inform, interpret, and entertain. For the first 140-
plus years, these offerings were focused on news and information for the attorney, with at best a
limited coverage of firms, their clients, and the industry overall. In the 1970s, a series of events
dramatically changed the landscape and coverage of the legal profession.
At the broadest level, the current awareness sources relied upon by lawyers are focused
on either the practice of law or the business of law. Practice of law publishers produce content
that helps legal professionals provide better legal service to their clients. These sources might
provide alerts on new court decisions or
legislation, or provide daily analysis on a
practice area such as employment law,
bankruptcy, or intellectual property.
Business of law publishers provide
industry, competition, and people
intelligence, supporting lawyers in the
management of the law firm and their
practice. Sample topics include new client
relationships, law firm mergers, and
business trends in the legal industry.
Many general and business-
oriented news organizations include
coverage of the business of law for
business and general audiences. Examples include The Wall Street Journal, The New York Times,
and Reuters. This chapter excludes these generalists, instead focusing on offerings intended for
the legal professional.
History of Business of Law Offerings
The concept of the modern newspaper emerged in 17th-century Europe when printed
periodicals began rapidly replacing hand-written newssheets. The spread of the printing press
enabled the emergence of this new media.
1 Bill Carter took leadership of ALM as president and chief executive officer in March 2012. Carter has championed various acquisition
strategies advancing the growth and expansion of markets ALM serves. In 2013, Bill was honored as a C-Level Visionary with a Folio: 100
Award. He joined ALM from Thomson Reuters, where he was senior vice president of the Small Law Business Unit since 2010 and led its
successful reorganization and growth. An accomplished expert in the digital and legal services industry, he has also driven significant value
creation as a senior executive at LexisNexis, Epiq Systems, Gerson Lehrman Group, and GES Exposition Services. Carter earned a B.S. in
Computer Science at Tulane University, a Master’s in Computer Science from Georgia Tech, and an MBA with honors from The Wharton
School at the University of Pennsylvania.
8
Publishers and Publications
President & CEO, ALM
Overview of the Offering
News and current awareness offerings for the legal professional serve the same purpose
as general newspapers and magazines. They inform, interpret, and entertain. For the first 140-
plus years, these offerings were focused on news and information for the attorney, with at best a
limited coverage of firms, their clients, and the industry overall. In the 1970s, a series of events
dramatically changed the landscape and coverage of the legal profession.
At the broadest level, the current awareness sources relied upon by lawyers are focused
on either the practice of law or the business of law. Practice of law publishers produce content
that helps legal professionals provide better legal service to their clients. These sources might
provide alerts on new court decisions or
legislation, or provide daily analysis on a
practice area such as employment law,
bankruptcy, or intellectual property.
Business of law publishers provide
industry, competition, and people
intelligence, supporting lawyers in the
management of the law firm and their
practice. Sample topics include new client
relationships, law firm mergers, and
business trends in the legal industry.
Many general and business-
oriented news organizations include
coverage of the business of law for
business and general audiences. Examples include The Wall Street Journal, The New York Times,
and Reuters. This chapter excludes these generalists, instead focusing on offerings intended for
the legal professional.
History of Business of Law Offerings
The concept of the modern newspaper emerged in 17th-century Europe when printed
periodicals began rapidly replacing hand-written newssheets. The spread of the printing press
enabled the emergence of this new media.
1 Bill Carter took leadership of ALM as president and chief executive officer in March 2012. Carter has championed various acquisition
strategies advancing the growth and expansion of markets ALM serves. In 2013, Bill was honored as a C-Level Visionary with a Folio: 100
Award. He joined ALM from Thomson Reuters, where he was senior vice president of the Small Law Business Unit since 2010 and led its
successful reorganization and growth. An accomplished expert in the digital and legal services industry, he has also driven significant value
creation as a senior executive at LexisNexis, Epiq Systems, Gerson Lehrman Group, and GES Exposition Services. Carter earned a B.S. in
Computer Science at Tulane University, a Master’s in Computer Science from Georgia Tech, and an MBA with honors from The Wharton
School at the University of Pennsylvania.
8
