At 4:31 p.m. Thursday, Michael Walsh, CEO of LexisNexis Legal & Profession, advised colleagues that 205 jobs will be eliminated nationally for workers in the company’s new joint venture with Internet Brands. The alliance brings together LN’s Martindale-Hubbell unit, as well as its Lawyers.com consumer site, “with Internet Brands’ online marketing services for lawyers through its Nolo legal division,” he wrote in the email message. The joint venture was announced on August 30, The transition is expected to close Q4 2013.
“Going forward, these roles will be carried out by the El Segundo-based Internet Brands team in California,” Walsh said in the email message. “Employees were notified earlier today. This has been a very tough day and we are providing our full support to these individuals as they seek new career opportunities. I would like to thank them for their service to the company — many of whom have been with the esteemed Martindale-Hubbell business for many years.”
