Justis, headquartered in London, will become part of vLex.
The combination of Justis’ comprehensive and high-quality case law collection and their common law specific dissemination technology with vLex’s AI-powered tools and services, such as Vincent and Iceberg AI, ‘will introduce contextual research and access to global legal resources to the UK and other key markets covered by Justis’ the company said.
And the addition of Justis clients and relationships in North America bolsters vLex presence in important U.S. & Canadian markets where the Company currently has local teams, a growing customer base and a rapidly expanding presence as a leader in legal AI, they added.
Lluis Faus, vLex CEO, said: ‘This acquisition marks an exciting period for vLex, demonstrating our relentless commitment to the growth of our exclusive content coverage and global operations. The combination of Justis and vLex’s collections enables us to further deliver on our goal of building the most comprehensive global solution for legal professionals.’
Masoud Gerami, the Managing Director of Justis, added: ‘Justis has always played a key role in the modern era of information dissemination in the UK and other common law regions by being innovative and disruptive. I am delighted that being part of the vLex group will give me and my team the opportunity to continue our aims and visions, and build on the strengths that the previous ownership afforded us. I strongly believe that the combination of the two organizations’ data coverage, technology, skilled teams and visions will offer the global alternative that has long been overdue.’
Vincent is an AI-powered intelligent legal research assistant. Independently trained and operational in the laws of multiple countries, it analyzes documents in English and Spanish to extract insights and generate the most relevant results from among vLex’s extensive libraries and customers’ knowledge management collections.
Iceberg AI is a data platform developed by vLex for its own use but available to enterprise SaaS clients to apply to their own data. Iceberg AI can operate end-to-end, allowing clients to import, crawl and connect data sources, enrich and combine datasets with machine learning modules, rules-based automations and human workflows, to generate exponential value that transforms products and entire organizations.