Following up on my posts earlier today (here and here) about the acquisition by LexisNexis of Silicon Valley legal analytics company Lex Machina, I had an opportunity to speak with Steven Errick, vice president and managing director of research services at LexisNexis, who gave me more details about the deal and plans for the future.

With regard to Lex Machina’s staff and operations, little will change, Errick said. Lex Machina will be a wholly owned subsidiary of LexisNexis and will continue to operate as a standalone unit. Lex Machina CEO Josh Becker will continue to run Lex Machina and it will remain in its current Menlo Park, Calif., location.

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With regard to Lex Machina’s analytics technology, Errick sees it developing in several directions. Lex Machina will continue to develop and expand its signature analytics product, both within the IP arena and into other practice areas. Likely areas of development in the near future include into other areas of federal court litigation, such as securities and bankruptcy.

At the same time, Errick also sees the analytics technology being used to help power and enhance other LexisNexis products, including both general research products such as Lexis Advance and more specialized ones such as Patent Advisor.

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But just as LexisNexis has always taken a two-pronged approach to content development — either build it or license it — it is taking the same approach to technology.

“You either build or you acquire. My answer is, we’ll do anything — build, buy or license — to get the best technology.”

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